Property for Auction in Birmingham - [Print Version]
Lot : Bradfield House, Popes Lane, Oldbury, West Midlands B69 4PA
Auction House Birmingham & Black Country
0121 289 3838
Your Local Property Auctions Specialist
Auction Date:
Wed 07/05/2025
Start Time
18:00
Property Type:
Commercial Investments
*Guide Price
£1,300,000
Property Address: Bradfield House, Popes Lane, Oldbury, West Midlands B69 4PA, B69 4PA
We are delighted to offer for sale this fantastic Commercial Investment opportunity in the heart of the Black Country. Set over 5 floors, with a Gross External Area of approx. 30,000 square ft the property has undergone a recent programme of upgrade. The property has not been inspected by the Auctioneers however. Located within 3 miles of Junction 1 of the M5 and within 6 miles of Birmingham City centre, the property is, we are advised, currently fully let, mainly on good leases and brings in an income of approx. £133,000pa (a yield of approx. 10% at Guide Price) A schedule of leases is set out below, however purchasers are advised to see the legal pack for copies of leases, heads of terms , service charges etc.
Level 0 - Ground Floor
Dated 23rd August 2024 to 31/1/2033
Level 1 – Large Area
Dated 8th April 2024 until 31/1/2031
Level 1 – Small Area
Dated 1st October 2024 7 year term
Level 2
Dated 1st September 2024 7 year term
Level 3
Dated 16th January 2024 until 24/12/2030
Level 4
Dated 14th September 2023 to 13th September 2028
Level 5 – Rooftop Lease
Dated 24th February 2017 to 23rd February 2037
General Information
We are advised all tenants pay for their own services and Business Rates.
Viewings
We will not be carrying out viewings for this lot.
Tenure
Freehold
Local Authority
Sandwell Metropolitan Borough Council
Location Map
EPC
Current Energy Efficiency Rating D
Additional Fees
Buyers Premium - £1,500 inc vat
Administration Charge - £1440 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.