Guide price
£650,000
Retail premises for sale300-302 Stratford Road, Sparkbrook, Birmingham B11
Auction
Freehold
About this property
Freehold Subject to the existing tenancies.
For Sale By Public Auction on 14 May starting at 08:30 am - A spacious freehold part three storey double fronted retail investment property, with 7 vacant letting rooms above, occupying a prime position, fronting the main A34 Stratford Road considered suitable for a wide variety of future alternative uses subject to planning permission - Current rental income: £47,000 per annum, potentially increasing to £62,000 per annum from November 2026, see tenancy details.
A prominent double fronted part three storey retail property configured to provide two modern shop units, with uppers including storage, former offices converted to seven letting rooms, and a single storey shisha and coffee bar to the rear.
300 Stratford Road comprises the Caspian Pizza restaurant and takeaway having the main modern retail and counter area with kitchen area, preparation area, stores and further former dining room towards the rear. On the upper floor there is a staff room, lounge, stores and shower room.
302 Stratford Road comprises Tayebs, a modern barber shop. On the first and second floors there are seven letting rooms, 2 kitchens and 2 shower rooms. These are currently vacant and offer asset management potential.
To the rear of the property is a single storey building, sub-let as Koko Shisha and Coffee Lounge.
Location
The property occupies a prominent position fronting the Eastern Side of the Main A34 Stratford Road, near its junctions with Highgate Road, Walford Road and Palmerston Road. Standing within a busy and popular parade in the Sparkbrook Retail and commercial district, including Aldi diagonally opposite, it is considered to occupy an excellent immediate catchment area for trade for its existing uses and for a variety of alternative uses, subject to any necessary planning consents.
The A34 is a busy arterial route throughout the day and links Birmingham City Centre with Solihull and beyond.
Energy Performance Rating
D
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Tenancy Details
300 - Caspian Pizza let by way of a 3 year lease with effect of 01/11/2023 at a rent of £35,000 per annum. A section 25 notice, unopposed, has been served proposing a new 5 year lease at a rental of £50,000 per annum, from 01/11/2026.
302 - Tayeb's Barbers let by way of a new 25 year lease with effect from 01/05/2026 at a rent of £12,000 per annum. The rent increases to £15,000 per annum with effect from May 2031.
All leases and accompanying documents will be available in the legal pack.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
A prominent double fronted part three storey retail property configured to provide two modern shop units, with uppers including storage, former offices converted to seven letting rooms, and a single storey shisha and coffee bar to the rear.
300 Stratford Road comprises the Caspian Pizza restaurant and takeaway having the main modern retail and counter area with kitchen area, preparation area, stores and further former dining room towards the rear. On the upper floor there is a staff room, lounge, stores and shower room.
302 Stratford Road comprises Tayebs, a modern barber shop. On the first and second floors there are seven letting rooms, 2 kitchens and 2 shower rooms. These are currently vacant and offer asset management potential.
To the rear of the property is a single storey building, sub-let as Koko Shisha and Coffee Lounge.
Location
The property occupies a prominent position fronting the Eastern Side of the Main A34 Stratford Road, near its junctions with Highgate Road, Walford Road and Palmerston Road. Standing within a busy and popular parade in the Sparkbrook Retail and commercial district, including Aldi diagonally opposite, it is considered to occupy an excellent immediate catchment area for trade for its existing uses and for a variety of alternative uses, subject to any necessary planning consents.
The A34 is a busy arterial route throughout the day and links Birmingham City Centre with Solihull and beyond.
Energy Performance Rating
D
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
We understand VAT is not applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Tenancy Details
300 - Caspian Pizza let by way of a 3 year lease with effect of 01/11/2023 at a rent of £35,000 per annum. A section 25 notice, unopposed, has been served proposing a new 5 year lease at a rental of £50,000 per annum, from 01/11/2026.
302 - Tayeb's Barbers let by way of a new 25 year lease with effect from 01/05/2026 at a rent of £12,000 per annum. The rent increases to £15,000 per annum with effect from May 2031.
All leases and accompanying documents will be available in the legal pack.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
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