* Freehold
For Sale by under the hammer online auction. Tuesday 7th November - Thursday 9th
November 2023. Guide Price £275, 000. A freehold successful investment
property.
A rare opportunity to acquire a freehold commercial premises with potential to
create multiple apartments above and to the rear of this substantial building.
Located in a prime position of Hagley Road surrounded by blue chip companies
and excellent links into and around Birmingham City Centre with constant
public transport passing the premises every 10 minutes.
A successful Italian restaurant running for 25+ years offering dine - in and
takeaway services.
Tenant currently paying £14, 000 pa on a rolling lease with scope to increase.
The property consists of a great sized cellar perfect for extra storage space.
Ground floor benefits from a two tiered dining area, bar/reception area,
spacious kitchen and four storage rooms. Stairs lead up to a spacious dining
area and male and female WC. Currently the second floor is an empty attic
space used for storage.
EPC: D
**free valuations**
For a free valuation on your property, worth £30, contact Royal Estates
directly or scan the qr code pictured above.
**Bidding
**
For bidding please visit: Underthehammer. Com
*start prices & reserve prices
Each property sold is subject to a Reserve Price. The Reserve Price will be
within + or - 10% of the Start Price. The Start Price is issued solely as a
guide so that a buyer can consider whether or not to pursue their interest.
**EPC
**
EPCs can be viewed in full on our website underthehammer. Com on the sales
details page or in the legal pack.
**Unconditional auction details
**
Contracts are exchanged immediate at the end of the auction and a 3% deposit
will be taken from the highest bidder. This deposit will contribute towards
the purchase price.
Completion will be 8 weeks. (56 days)
Every buyer must first create an account at underthehammer. Com Remote bidding
facilities are also available, contact the auction office for further details.
Full terms & legal documentation
Available at underthehammer. Com

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