47-50 HOCKLEY HILL, HOCKLEY, BIRMINGHAM, B18 5AQ

HOTEL/HMO OPPORTUNITY – FREEHOLD

Development

Leisure

SOLD

£2,000,000
Location:

The building is situated on a prominent location fronting Hockley Hill, a busy slip road leading onto the A41 southbound into Birmingham City Centre. The Hockley Circus roundabout forms part of the Birmingham Inner Ring Road (A4540). Junction 1 of the M5 is located within 3 miles of the subject property. The A38(M) is located approximately 1 mile away connecting to the M6 and wider national motorway network.

Description:

The premises comprise a four storey mid-terraced building of brick-built construction surmounted by a flat roof. Internally the property has two wings which have been converted to provide 48 self-contained rooms arranged over four floors. Each of the rooms are carpeted and benefit from gas fired central heating, light points, plaster & painted walls and a bathroom. There is a large hall on the ground floor which can also be converted into further rooms. The property was previously used for educational/training purposes as well as a crèche facility and contains a fully fitted cafeteria on the ground floor. There is a lift which provides access to all floors.

Accommodation
Ground Floor
7,632 Sq Ft
709 Sq M
First Floor
7,244 Sq Ft
673 Sq M
Second Floor
4,056 Sq Ft
377 Sq M
Third Floor
658 Sq Ft
61 Sq M
Total Sq Ft:
19,590 Sq Ft
Total Sq M:
1,820 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected to include mains gas, water and three phase electricity.

Planning:

We have been informed planning was granted for a change of use to a 46 bedroom hostel facility (Sui Generis). Planning application no: 2015/06417/PA.

The building also benefits from a premises licence. Premises licence number: 4995/1.

Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.

Tenure / Price:

The property is available at a rent of £300,000 per annum on a FRI basis, subject to contract. Terms to be agreed. Alternatively, the freehold interest is available at a quoting price of £2M, subject to contract.

Business Rates:

The property is currently listed within the 2017 rating listing as having a rateable value of £91,000. Rates payable will be in the region of £43,589.00 per annum. Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.

VAT:

We understand that the property is not elected for VAT.

Legal Costs:

Each party to be responsible for their own legal costs incurred during this transaction.

Viewing:
Strictly by prior appointment with the sole agents,
Mason Young Property Consultants.
Contact Details:
Arjamand Farooqui BSc (Hons)
Tel: 0121 285 3535
Mob: 07929 410 481
Email: af@masonyoung.co.uk
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