Mixed Use in Oldbury
574 Hagley Road West, Oldbury, B68 0BS
- Lot No: 4
- Property Type: Mixed Use
- Contract Type: Unconditional
Guide Price* £185,000+ plus fees
Result Sold Prior to Auction
The property comprises a two-storey building along the busy Hagley Road West with parking to the front and rear along with security gates allowing for multiple tenants.
574 Hagley Road West
Retail unit extending 360 sqft (35 sqm) with office 41.6sqft (3.8sqm) along with a second office of 77sqft (7.8sqm) ,kitchen facilities and WC.
574B Hagley Road West
Two bedroomed apartment accessed via a separate entrance leading to the first-floor accommodation comprising of a reception hall, living room, bathroom, bedroom 1 123sqft (11.3sqm) and bedroom 2, 90 sqft (8.38sqm)
574C Hagley Road West
Free-standing office to the rear of the site with approximate internal dimensions of 333sq ft (31.02sqm). The office is fitted out with a shower room, w/c and has security shutters.
External Storage Building
Dimensions 30sqft (2.76sqm)
The property is located in Quinton fronting the busy and popular Hagley Road close to the junction with the Quinton Expressway. This gives access to the M5 Junction 3 motorway and Birmingham city centre approximately 5 miles away. The area is predominantly residential with a busy parade of shops close to the property along with the Quinton business Park and Asda Supermarket within walking distance as well as excellent transport links.
We understand the property is subject to the following tenancies: 574 Hagley Road West - currently let on a lease commencing 17th July 2017 with current rent of £8,400 per annum (subject to review) with a term of 7 years. 574B Hagley Road West - currently let on an Assured Shorthold Tenancy with a current rent of £650pcm. 574C Hagley Road West - Vacant External Storage Unit - Vacant We have not had sight of the leases or agreements and would advise interested parties to inspect the legal pack for more information.
Value Added Tax:
We understand that VAT will not be chargeable on this transaction.
Date 28th May 2020
Venue National Property Auction
The auction will be conducted by our auctioneer, Andrew Parker, behind closed doors and broadcast live online with remote bidding only. Please visit the homepage of our website to submit a bid.,
If you have any questions, call our team on 0345 222 0197