Land to the East of, Watford Road, Cotteridge, Birmingham, Birmingham, B30 1JA

Guide Price = £110,000 - £115,000

Unsold. Available at £115,000.

Property for auction on 25th February at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

The Guide Price has been substantially reduced to a range of £110,000 - £115,000.
The Rent for Yard/Unit 1 is £3,900 per annum increasing the Total Rent to £15,900 per annum.

An opportunity to purchase two parcels of freehold land held on Title Number: WM209876 and located to the rear of numbers 6-32 (inclusive) Watford Road, accessed by a vehicular right of way between numbers 30-32 Watford Road. The land is generally unsurfaced and comprises:

Parcel 1: A rear service yard and car parking area located to the rear of 6-24 Watford Road, irregular in shape and extending to an area of approximately 0.19 acres (750 sq m). This land provides service access to the occupiers and residents of properties fronting Watford Road along with the corresponding section of Pershore Road as well as informal car parking and scope may exist to regularise car parking arrangements with the introduction of charges or permits. and all interested parties should satisfy themselves in respect of the viability for this prior to bidding.

Parcel 2: An 'L shaped' parcel of land located to the rear of 28-32 Watford Road and sub-divided into three separate lock up yards extending to a total area of 0.22 acres (910 sq m). The yard is currently occupied by three separate tenants comprising two vehicle dismantlers and one skip hire company.

The land is located in the centre of Cotteridge in a busy neighbourhood shopping centre and forms part of a popular residential suburb, situated neighbouring Bournville and is located approx. five miles to the south of Birmingham City centre and within 300 metres of Kings Norton railway station providing excellent commuting to the city centre.

Tenancy Information:
Land Parcel One: 0.19 acres (750 sq m). No formal leases or licences exist
Land Parcel Two: 0.22 acres (910 sq m). Let as three separate yards:
Yard One 155 sq m (1,672 sq ft). Rental £3,900 per annum
Yard Two 369 sq m (3,978 sq ft). Rental £6,000 per annum
Yard Three 297 sq m (3,196 sq ft). Rental £6,000 per annum
Total Rental Income: £15,900

Total Site Area: 0.41 acres (1,660 sq m)

Please Note: All interested parties should make their own enquiries and satisfy themselves in respect of current access arrangements along with any third-party rights of way.

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