Studio Flat For Sale £850,000
High Street, Sutton Coldfield B72

A rare and exciting investment opportunity: The Freehold sale of one of Sutton Coldfield’s most iconic buildings. The premises comprise of three apartments and ground-floor office space with mezzanine.

Situation

The property is situated in the heart of Sutton Coldfield town centre, with an abundance of amenities at its doorstep.

The premises are highly accessible with Sutton train station just a short 4-minute walk away and the M6 4-miles to the south. The local train station provides quick links to Birmingham City Centre and Lichfield Trent Valley.

Also nearby is Sutton Park, one of Europe’s largest urban parks, offering great scope for walking, golf and a variety of other outdoor pursuits.

One of the many advantages of the location is its fast connections to the A38, M42, M6, M6 Toll and Birmingham International /nec.

Distances

Sutton Coldfield town centre 0.5 miles
Lichfield 9.0 miles
Birmingham City Centre 6.5 miles
Birmingham International/nec 10.5 miles
(Distances approximate)

These particulars are intended only as a guide and must not be relied upon as statements of fact.
Your attention is drawn to the Important Notice on the last page of the text.

Description Of Property

The property, originally a bank building, occupies a prestigious position on the corner of the High Street in Sutton Coldfield, and with its clocktower and large windows is a memorable sight in the town centre.

The iconic property comprises three-stories of traditional construction. Offering office accommodation to the ground floor, with a modern open plan layout and mezzanine with board room, kitchen and toilet facilities which are available to the rear. A generous basement is accessible via the kitchen. To the ground and first floor are three self-contained residential apartments. The premises have access onto the High Street and Midland Drive. Two of the three apartments are currently let, the third and largest apartment has recently undergone re-decoration – the spacious and light apartment has the most wonderful view over the town.

The office comprises of a sizeable ground-floor office with mezzanine and there are WCs and a kitchen to the rear. A generous basement is accessible via the kitchen.

The property has been well maintained and offers public parking to the side along Midland Drive for up to one hour.

Income Breakdown

Ground floor:
Tenant: Aston Knowles
Rent: £25,000 per annum
Area: 145.51 sq m / 1560 sq ft

Lower ground floor:
Tenant: Partial Aston Knowles
Rent: Inclusive
Area: Inclusive

Ground floor Apartment 1
Rent: £695.00 pcm / £8340.00 per annum
Area: 66 sq m / 710 sq ft

First floor Apartment 2
Rent: £650.00 pcm / £7800.00 per annum
Area: 38 sq m / 409 sq ft

First floor apartment 3
Currently vacant
Rental expectation: £750.00 pcm / £9000.00 per annum
Area: 77 sq m / 828 sq ft

Total rent value: £50,140.00
Total square footage: 3507 (gia)

Services

The building has mains services connected. The ground-floor office has an air conditioning heating and cooling system which is located in the basement.

Terms

The property is offered for sale on a Freehold basis.

Copies of asts and the lease relating to the ground-floor office are available upon request.

Outgoings

Interested parties should check the Rateable Value with the local authority Birmingham City Council.

Vat

All prices and rents are quoted exclusive of VAT, which may be payable in addition.

Viewings

Strictly by appointment through the Sole Selling Agents – Aston Knowles

Fixtures And Fittings

Only those items mentioned in the sales particulars are to be included in the sale price. All others are specifically excluded but may be available by separate arrangement.

Disclaimer - Important Notice

Every care has been taken with the preparation of these particulars, but complete accuracy cannot be guaranteed. If there is any point which is of particular interest to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. These particulars do not constitute a contract or part of a contract. All measurements quoted are approximate. Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale.

Photographs taken January 2021
Particulars prepared January 2021