161 Stratford Rd Local commercial 131 m² À vendre Solihull B90 3AX 1 169 617 € (8 954,23 €/m²)

161 - 167 Stratford RoadA substantial investment opportunity comprising of 4 commercial terrace properties and a small builders yard to the rear. The properties are located in Shirley, Solihull which is a market town approximately seven miles south of Birmingham.The properties are situated on Stratford Road which is a main arterial road linking Birmingham in the north to the M42 to the south.The surrounding properties are mostly in retail use with a range of independent and multiple retailers, cafes, pubs and community facilities. Opposite is Parkgate shopping centre.Local amenities include Shirley Park, Shirley Medical Centre, Palmers Rough (wooded area and park) and local primary and secondary schools.Transport links are good with several bus routes servicing the area and rail services available from both Shirley and Solihull railway stations. In addition, the property is located in close proximity to the M42, M40 and M6.Three of the four properties are currently Let and the builders yard to the rear is let on an informal basis. EPC Ratings: 161 - C(54), 163 - C(68), 165 - C(58) 167 - C(67).

161 Stratford Road
The property is a two storey, mid terraced building which we have estimated was built around 1920. The property is occupied by Shirley Kebab House, the ground floor provides an open plan preparation and retail area with a kitchen, store and cold store to the rear. The first floor provides ancillary accommodation and a W.C.

Accommodation

Ground Floor
Retail Area 33.16sq.m, Kitchen 13.18sq.m, Preparation Area 9.21sq.m, Store 8.46sq.m, Cold Store 8.64sq.m.

First Floor
W.C. 1.42sq.m, Ancillary Room 1 - 17.68sq.m, Ancillary Room 2 - 13.00sq.m, Ancillary Room 3 - 6.52sq.m.

Outside
Garden Area and rear parking area providing four car parking spaces shared with 163, 165 and 167 Stratford Road.

Tenancy Information
The property is let on a full repairing and insuring lease for a term of 15 years from the 2nd March 2019 and ending on, and including 1st March 2034, with no break options. The rent is stated as being £17,500 per annum and is subject to open market rent reviews on the 2nd March 2022 and every 3rd anniversary of that date.

163 Stratford Road
The property is a two storey, mid terrace building which we have estimated was built around 1920. The property is vacant. The ground floor provides an open plan preparation and retail area with a kitchen and cold store to the rear. The first floor provides ancillary accommodation with two W.C. toilets and a shower room. The property requires modernisation and improvement.

Accommodation

Ground Floor
Retail Area 39.13sq.m, Preparation Area 14.96 sq.m, Cold Store 2.57sq.m,

First Floor
W.C. 2.02sq.m, W.C. 1.85sq.m, Shower 1.97sq.m, Ancillary Room 1 - 17.35sq.m, Ancillary Room 2 - 12.96sq.m.

Outside
Garden Area and rear parking area providing four car parking spaces shared with 161, 165 and 167 Stratford Road.

165 Stratford Road
The property is a two storey, mid terrace building which we have estimated was built during in and around 1920. The property is occupied by Martin and Co Estate Agents. The ground floor provides an open plan office, kitchen and storeroom. The first floor provides cellular office accommodation and W.C

Accommodation

Ground Floor
Retail Area / Office 34.66sq.m, Store 8.57sq.m, Kitchen 5.59sq.m, External W.C. 1.55sq.m, External Store (not inspected - Gross External Area) 1.55sq.m.

First Floor
Office Room 1 - 17.28sq.m, Office Room 2 - 13.12sq.m, Office Room 3 - 5.14sq.m and W.C. 2.32sq.m.

Outside
Garden Area and rear parking area providing four car parking spaces shared with 161, 163 and 167 Stratford Road.

Tenancy Information
A copy of the tenancy agreement has not been provided to us. The client has commented that the tenant is holding over under the security of tenure provisions with a passing rent of £1,250 per month (£15,000 per annum).

167 Stratford Road
The property is a two storey, end of terrace building which we have estimated was built during in around 1920. The property is occupied by an acupuncture and massage parlour. The ground floor provides a reception, kitchen, staff area and two partitioned treatment rooms. The first floor has been arranged to provide additional treatment rooms and a W.C. There is an electronic advertisement hoarding on the external wall to the first floor elevation

Accommodation

Ground Floor
Retail Area 15.50sq.m, Treatment Room 1 - 5.90sq.m, Treatment Room 2 - 6.21sq.m, Kitchen 3.93sq.m, Staff Area 6.36sq.m, Disabled W.C. and shower, External Stores (not inspected - Gross External Area) 4.90sq.m.

First Floor
W.C. 2.42sq.m, Treatment Room 3 - 17.52sq.m, Treatment Room 4 - 13.11sq.m, Treatment Room 5 - 5.09sq.m.

Outside
Garden Area and rear parking area providing four car parking spaces shared with 161, 163 and 165 Stratford Road.

Tenancy Information
The property is let on a full repairing and insuring lease is for a term of three years from the date of the lease until and including 17th September 2023. The rent is stated as being £18,250 per annum with a review date at the end of the lease term.

Builders Yard to the Rear.
To the rear of the property is a builder's yard that has been fenced providing basic open storage and accessed via the roadway adjacent to 167 Stratford Road.We were unable to obtain access to the builder's yard to the rear of the site but have measured this via Find maps to approximately 980 square feet. We understand this is Let on an informal basis and no tenancy or lease has been provided.

Tenure: Freehold