Victoria Court, Victoria Street , West Bromwich , B70 8ET

About this property

DESCRIPTION
The retail units will form part of a mixed use development in the heart of West Bromwich Town Centre.
The scheme will comprise for commercial units, with 49 apartments incorporating undercroft car parking to the rear.
Works are due to commence August 2017, with completion 12 months thereafter.
ACCOMMODATION
Unit 1 – 753 sq. ft
Unit 2 – 753 sq, ft
Unit 3 – 699 sq. ft
Unit 4 – 828 sq. ft
LOCATION
This site occupies a prominent position on Victoria Street which leads directly off the main West Bromwich High Street, with Junction 1 of the M5 motorway being approximately 1 mile away. The Metro Station and Bus Station are both within easy walking distance, as is the new Tesco led New Square Retail development.
SERVICES
Mains services will be available and prospective purchasers should make their own independent enquiries as to the suitability of the services for their particular requirements.
A service charge contribution shall be payable towards the costs of service provided by the Landlord.
PLANNING
On 11th January 2017 under application no DC/16/159740, planning was granted for the development of four ground floor retail units and 49 apartments above.
The proposed retail units extend to a total GIA of 3,466 sq. ft, and shall benefit from A2/A3 licensing.
Copies of the relevant planning permission, proposed plans and design and access statements are available through the sole selling agents.
TENURE & ASKING PRICE
Each property will be held on a long leasehold basis for term to be confirmed
Unit 1—£125,000
Unit 2—£125,000
Unit 3—£110,000
Unit 4 – £150,000
GROUND RENT
Each retail unit will be subject to a ground rent of £500 per annum.
VAT
We have been advised that VAT payable at the prevailing rate.

MONEY LAUNDERING

In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful tenant.