144 Highfield Road
Hall Green, Birmingham, B28 0HUThe Space
For Sale Freehold Investment Producing £51,200 per annum
At a glance
| Property Type | Investment |
| Tenure | For Sale |
| Size | 2,706 sq ft |
| Price | £500,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as D (92) |
Yardley Wood
8 mins
Hall Green
16 mins
Spring Road
25 mins
Shirley
29 mins
Chesham
1396 mins
Amersham
1428 mins
Chalfont and Latimer
1460 mins
Reading
1476 mins
Key Points
- Two tenancies both occupying under Licences
- Tenancy 1 - Car Sales Showroom
- Tenancy 2 - Car Service Workshop
- Prominent corner location adjacent to neighbourhood retail parade
Description
The property has been established as a car sales showroom for a considerable number of years and more recently as a showroom for hot tubs and saunas and comprises the front half of a detached building of brick construction, having a two storage frontage to Highfield Road, with showroom to the ground floor and offices at first floor level together with rear service workshop.
The whole of the property stands back from the road behind a tarmac forecourt, providing display parking for approximately 17 vehicles.
Access to the showroom is by way of timber concertina doors from the front elevation and a sliding aluminium door to the side elevation. Internally the floors are of solid construction and the property has a suspended ceiling throughout with fluorescent lighting.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground - Showroom | 1,463 | 135.92 | Available |
| 1st - First floor offices | 343 | 31.87 | Available |
| Ground - Rear workshop | 900 | 83.61 | Available |
| Total | 2,706 | 251.40 |
The Location
The premises are located on the corner of Highfield Road and Blackburne Road in Hall Green, some 5 miles south of Birmingham City Centre. Highfield Road provides excellent access to the A34 Stratford Road and is one of the main arterial routes serving Birmingham City Centre. The surrounding locality is a mixture of residential and retail properties.
Tenure
The car showroom and offices are occupied on a Licence basis at a rental of £32,000 per annum on the equivalent of an Internal Repairing & Insuring
The rear service workshop is also occupied on a Licence basis at a rental of £19,200 per annum on the equivalent of an Internal Repairing & Insuring.
Services
We understand that all mains services are connected to the property.
Rating Assessments
There are two assessments for the property as follows:-
Ground floor showroom and offices - £25,750
Rear workshop - £4,450
EPC
D(92)
Legal Costs
Each party is to be responsible for their own legal costs in this transaction.
Viewing
Strictly by appointment with the Agents,
