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Lot 25

Freehold Retail Investment – Gross Yield from Dec 2025 10.3%
In the same family ownership for over 58 years
6 week completion

SITUATION

Close to the junction with Long Lane and Kent Road on the south side of Halesowen Road (A458), in this fully occupied parade, nearby a Farmfoods Supermarket and amongst a host of local traders serving the surrounding residential area. Additionally, Rowley Regis Railway Station (Chiltern Railways & West Midlands Railway) is approx. 1 mile distant.
Halesowen lies on the A456 and the A458, some 7 miles west of Birmingham and enjoys easy access via the M5 (Junction 3).

PROPERTY

A terraced property comprising a Ground Floor Shop with internal access to a Ancillary Accommodation (previously used as a flat) at first and second floor level.
The property includes a Rear Garden and there is communal off-street parking at the front.

ACCOMMODATION

Ground Floor Shop
Gross Frontage	17'0"
Internal Width	16'0"
Shop Depth	35'6"
Built Depth	46'6"
First Floor Ancillary
2 Rooms, Kitchen & Waiting Area
Area	Approx. 420 sq ft
Bathroom/WC
Second Floor Ancillary
1 Storage Room
Area	Approx. 214 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Cacoullis (Halesowen) Limited as an Opticians (with 2 personal guarantors) (visit www.cacoullisopticians.co.uk) for a term of 20 years from 25th December 2015 (by way of a reversionary lease) at a current rent of £13,000 per annum exclusive rising to £15,500 per annum on 25th December 2025.

Rent Review and Tenant’s Break 2030

Note: There is a £6,500 Rent Deposit held.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

68 Halesowen Road, Halesowen, West Midlands B62 9BB