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1719-1721 Coventry Road, South Yardley, Birmingham, B26 1DT

Unsold, the last bid was for £450,000. Please refer to Auctioneer for Reserve.
 

Guide Price £600,000-£650,000 plus fees


Thursday 3rd July 2014

11.00am
Key Features
A Prominent Freehold Supermarket with Future Residential or Roadside Development Potential Subject to Appropriate Planning Permission
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Unsold, the last bid was for £450,000. Please refer to Auctioneer for Reserve.

property

Is Preliminary Lot

False

Location

The property occupies a prominent position fronting the main A45 Coventry Road, South Yardley. Lying approximately 6 miles to the East of Birmingham City Centre and close to the borders of Solihull. The property is well served by public transport and the NEC, Birmingham International Airport, Railway and Junction 6 of the M42 motorway are all approximately 3 miles distant.

The property is considered to occupy a good trading position for its existing use but is also considered suitable for a variety of alternative uses or redevelopment subject to obtaining the appropriate planning permission.

Property Description

The property comprises a prominent and well established Supermarket operated by the current owners since 1986. The premises are predominantly single storey with part two-storey to the front. The property is well presented internally with large open plan retail space with loading and storage facilities to the rear, served by a roller shutter door. The first floor comprises two offices, kitchen and WC's. Outside there is a surfaced car park for approximately twenty cars. The site extends to approximately 0.39 acres, all interested parties should seek their own verification of this.

Tag Line

A Prominent Freehold Supermarket with Future Residential or Roadside Development Potential Subject to Appropriate Planning Permission

Tenure

We understand that the property is Freehold and vacant possession will be given upon completion.

Town Planning

We understand that the property has planning consent for A1 retail use.

An outline planning consent application no. 0/02002/06/OUT was granted on the 15th June 2006 for demolition and development for residential of 19 two bedroom flats. This application has now expired but it is considered that a renewed planning permission would be possible. All interested parties must make their own enquiries of the planning department with Birmingham City Council.

The property is suitable for a variety of other alternative uses subject to the appropriate planning consent and prospective purchasers should make their own enquiries of the planning department within Birmingham City Council as to the suitability of the site for their proposed future use.

Value Added Tax

We understand that VAT will not be chargeable on this transaction.

Viewings & Further Details

Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.

Tenure: