Retail in B63

Windmill Hill, Halesowen, West Midlands, B63 2BZ

Brochure

Tenure: Unknown

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Starting bid£300,000

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Key Information

Parking: Off Street

Property features

Two ground floor retail units and two self-contained one-bedroom residential flats
Full vacant possession available
Combined potential income of £3,200
Strong long-term capital appreciation potential
Direct rear access

Retail in B63

For sale via secure sale online bidding - terms and conditions apply.

An excellent opportunity to acquire a freehold mixed-use investment property comprising two ground floor retail units and two self-contained one-bedroom residential flats arranged over the first floor. The property provides a strong and diversified income stream, making it ideal for investors seeking both commercial and residential exposure within a single freehold title.

The property was previously producing a combined rental income of £3,200 per calendar month from both retail units and both flats.

The ground floor comprises two retail shop units with prominent frontage, providing excellent visibility and suitability for a variety of retail, office, or service-based uses (subject to any necessary planning consents). One retail unit is currently operating as a builders merchant, while the other is being used as an office. The commercial element benefits from direct on-site car parking allocated to the retail units and flats, as well as a large free customer car park located to the rear of the property, providing convenient access for customers, staff, and deliveries.

The first floor comprises two fully self-contained one-bedroom flats, each with its own private kitchen and separate bathroom, offering comfortable and independent living accommodation. Both flats are well-proportioned and highly lettable, making them attractive to long-term tenants.

The properties are offered freehold with established tenancies in place, presenting a stable, income-generating mixed-use investment with built-in rental growth and strong long-term capital appreciation potential. The properties can also be made vacant on completion, subject to agreement.

Early viewing is highly recommended due to the properties being realistically priced.

Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intended purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sale particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included with the sale of the property.

Viewings:
Viewings are strictly by appointment through bpg ltd.

Please note we have not inspected this property.

Location

Located just 1.6 miles from Halesowen Town Centre, on an established retail parade, with local amenities like the post office and local shops within close proximity.

Accommodation

Freehold mixed-use investment property comprising two ground floor retail units and two self-contained one-bedroom residential flats arranged over the first floor. The property provides a strong and diversified income stream, making it ideal for investors seeking both commercial and residential exposure within a single freehold title.

Tenure

Freehold, title number MM192102.

EPC

Commercial (36-38) - D 36A - E 38A - E Full reports available on request.

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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