Guide price
£575,000
Retail premises for sale418-422 Moseley Road, Balsall Heath, Birmingham B12
Just added
Auction
Freehold
About this property
Freehold Subject to the following tenancies.
For Sale By Public Auction on 10 September starting at 08:30 am - A prominent freehold mixed use investment comprising 3 retail units and 7 flats, with further asset management potential
Current rental income £73,200 pa
The property comprises a small parade of three modern retail units and 7 self contained flats, forming part of a terrace of similar properties.
Five of the flats are currently let with two vacant but offering further income potential subject to obtaining any necessary consents. It is further considered all the flats offer the potential for refurbishment.
418 Moseley Road comprises a ground floor retail unit trading as Al Amana Convenience Store, and 3 one bedroom flats, two of which are currently vacant.
420 Moseley Road comprises a retail unit trading as Sign Ward Printers.
422 Moseley Road comprises a retail unit trading as Sam Barber Club and 3 two bedroom flats and a further duplex flat.
Location
The property occupies a prominent position fronting the eastern side of Moseley Road, within a busy local shopping district, close to the junction with St Paul's Road.
The property is conveniently located for access to the Birmingham Road network lying between the A41 and the A435.
Balsall Heath is a popular well established, predominantly residential suburb close to the Edgbaston and Moseley borders and approximately 3 miles south east of Birmingham city centre.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the following tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
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
retail
418 Moseley Road - Let by way of a license to Al Amana Convenience Store with effect from 01/01/2026 for a term of 5 years for £9,000 per annum.
420 Moseley Road - Let by by way of a lease to Sign Ward Printers for a term of 6 years 11 months with effect from 01/12/2023 for £10,800 per annum.
422 Moseley Road - Let by by way of a license to Sam Barber Club for a term of 3 years from 01/10/2024 for £12,000 per annum.
residential
418 Moseley Road
Flat 1 - Let at £8,400 per annum.
Flat 2 - Vacant
Flat 3 - Vacant
420 Moseley Road
Flat 1 - Let at £9,000 per annum.
Flat 2 - Let at £8,100 per annum.
Flat 3 - Let at £8,400 per annum.
Flat 4 - Let at £7,500 per annum.
Total Income: £73,200 per annum.
We have not had sight of lease or tenancy documentation, copies will be available within 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.
Current rental income £73,200 pa
The property comprises a small parade of three modern retail units and 7 self contained flats, forming part of a terrace of similar properties.
Five of the flats are currently let with two vacant but offering further income potential subject to obtaining any necessary consents. It is further considered all the flats offer the potential for refurbishment.
418 Moseley Road comprises a ground floor retail unit trading as Al Amana Convenience Store, and 3 one bedroom flats, two of which are currently vacant.
420 Moseley Road comprises a retail unit trading as Sign Ward Printers.
422 Moseley Road comprises a retail unit trading as Sam Barber Club and 3 two bedroom flats and a further duplex flat.
Location
The property occupies a prominent position fronting the eastern side of Moseley Road, within a busy local shopping district, close to the junction with St Paul's Road.
The property is conveniently located for access to the Birmingham Road network lying between the A41 and the A435.
Balsall Heath is a popular well established, predominantly residential suburb close to the Edgbaston and Moseley borders and approximately 3 miles south east of Birmingham city centre.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the following tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
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
retail
418 Moseley Road - Let by way of a license to Al Amana Convenience Store with effect from 01/01/2026 for a term of 5 years for £9,000 per annum.
420 Moseley Road - Let by by way of a lease to Sign Ward Printers for a term of 6 years 11 months with effect from 01/12/2023 for £10,800 per annum.
422 Moseley Road - Let by by way of a license to Sam Barber Club for a term of 3 years from 01/10/2024 for £12,000 per annum.
residential
418 Moseley Road
Flat 1 - Let at £8,400 per annum.
Flat 2 - Vacant
Flat 3 - Vacant
420 Moseley Road
Flat 1 - Let at £9,000 per annum.
Flat 2 - Let at £8,100 per annum.
Flat 3 - Let at £8,400 per annum.
Flat 4 - Let at £7,500 per annum.
Total Income: £73,200 per annum.
We have not had sight of lease or tenancy documentation, copies will be available within 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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