For Sale by Auction on 21st September 2023
A freehold site of 0.284 ha (0.701 acres) comprising a petrol station and forecourt with 8 pumps and a retail unit; with a secure yard comprising a hand carwash and tyre depot to the rear; and 6 retail units fronting Alum Rock Road. The units are currently trading as a mobile repair shop, a butchers, a Chinese restaurant, a chicken fast food restaurant occupying a double unit, and an ice cream parlour. All 6 retail units are located on the ground floor of the trading parade, and we understand that the first floor is utilised as storage accommodation.
Location
Birmingham is located 17 miles south east of Wolverhampton, 23 miles north west of Coventry and 118 miles north west of London. The property is situated less than one mile to the east of the city centre on the north side of Alum Rock Road, between the junctions of Tary Road and Langton Road. The subject property is situated in a predominantly retail area forming part of a prominent secondary retail parade within a mixed use area. Alum Rock Road continues in a north westerly direction linking at a roundabout junction with the A47 that provides access to Birmingham City Centre and forming part of its Ring Road system in a southerly direction, whilst in a northerly direction the A47 links with the A452 and in turn the M6 Motorway. The area is well served by public transport links with a number of bus routes running along the length Alum Rock Road providing access to surrounding towns and suburbs. Adderley Park overground railway station is situated approximately 0.5 miles south of the property and Duddeston overground railway station is situated just under two miles west of the property, both stations providing access to Birmingham City Centre and other surrounding suburbs.
Accommodation
Units 242 - 246 - Petrol station with retail unit & parking:
Retail - 55.4 sq m (596 sq ft)
Hard car wash & tyre depot - 38 sq m (409 sq ft)
Petrol station & yard - 630 sq m (6,781 sq ft)
Unit 248 - Lock up shop - 88 sq m (947 sq ft)
Unit 250 - Lock up shop - 78.4 sq m (844 sq ft)
Unit 252 - Lock up shop - 67.2 sq m (723 sq ft)
Units 254, 256 & 258 - Lock up shop 194.1 sq m (2,089 sq ft)
Unit 260 - Lock up shop - 107.2 sq m (1,154 sq ft)
Rear Storage/Loading Area - Communal storage area with loading bay, bin stores and communal toilets - 178 sq m (1,916 sq ft)
Terms
Tenure - Freehold
Guide Price - £1,100,000
Specification
- On the instructions of Joint Fixed Charge Receivers
- Freehold mixed use investment
- Petrol filling station with large yard and six retail units
- Total accommodation of 806.3 sq m (8,768 sq ft)
- Site area 0.284 hectares (0.7 acres)
- Asset management opportunities
- Currently producing £117,000 per annum