£2,999,950

Office for sale

  1. Property photo 1 of 8.
  2. Property photo 2 of 8.
  3. Property photo 3 of 8.
Just added
Leasehold

£2,999,950

Office for sale

Talbot Way, Birmingham B10

Local area information

Property location

Nearby amenities

  • Ark Victoria Academy 0 miles
  • Holy Family Catholic Primary School 0.2 miles
  • Small Heath 0.6 miles
  • Tyseley 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • 42,638 Sq Ft Office Site
  • Potential For Redevelopment / Conversion
  • 2.80 Acre Site
  • 05/10/2139 (114 years, 110 days unexpired)
  • Circa 200 Parking Spaces
  • Option to Buy The Freehold (Birmingham City Council is Freeholder)
  • Office / Commercial Premises
  • Potential To Change Planning - May Be Suitable For Hotel/ Wedding Hall / Residential / Commercial - Huge Scope & Potential To Add Value
  • Excellent Connectivity - excellent connectivity to M6, M42 and A38(M)
  • Suitable For Owner Occupation
The property comprises A two storey self-contained office building on A secure 2.80 acre site, with substantial car park.

Description

The building is of steel frame construction with a mix of brick and corrugated metal sheet elevations, double glazed aluminium framed windows, and a corrugated pitched roof. Internally, the property is split into 2 wings, accessible via a main reception.

The property provides predominantly open-plan office accommodation, offering the potential for single-occupancy or subdivision. Specification generally comprises carpeted floors, with raised access to parts, a suspended ceiling with cat II lighting, partial perimeter trunking, air conditioning units and central heating with wallmounted panel radiators. Each floor benefits from independent welfare facilities.

There is a passenger lift, and 3 principal staircases between the floors, aiding sub-division potential. Externally, the large car park is of tarmacadam and concrete construction, with circa 200 spaces.

Location

The Property is located on Small Heath Business Park, a mixed office and industrial location off the A45 trunk road, approximately 3 miles to the east of Birmingham City Centre. The A45 leads directly to Birmingham Airport and Junction 6 of the M42, approximately 7 miles to the east, and connects with the City Centre ring road circa 2 miles to the west. The City Centre ring road connects with the A38(M) and subsequently Junction 6 of the M6 (within 5 miles of the property).

Birmingham is centrally located within the Midlands region, benefitting from excellent connectivity and accessibility to the national road and motorway networks.

The M5, M6, M42 & M40 Motorways are all in close proximity of the city, providing easy access to the North (Manchester 86 miles /c.2 hour drive time), South (London 126 miles/c.2 hours 30 minutes drive time), East and West. Birmingham International Railway Station and Airport are located approximately 10 miles to the east of the city, providing regular direct transport links to London as well as other cities and international locations.
Accommodation


The property provides the following approximate net internal area:
Area sq M sq ft


Ground: 1,948.70 SqM / 20,976 SqFt

First: 2012.47SqM / 21,662SqFt

total 3,961.17 SqM / 42,638 SqFt

Planning / Use

It is understood that the property has consent for Use Class E under amended Use Classes Order 2020.

The property is situated in an area designated as a Core Employment Area. Employment uses will be supported in such locations, including Research and Development & Light Industrial (Use Class E), General Industrial (Use Class B2), Storage and Distribution (Use Class B8) along with other uses appropriate in industrial areas.

The property falls within the boundary of the Bordesley Park Area Action Plan, which seeks to regenerate the east Birmingham area via significant investment and new development.

Tenure

The property is held on a sub long-leasehold. The lease expires in September 2139, offering over 116 years unexpired. The rent payable under the lease is a peppercorn.

Viewings

Please contact The opa for viewings.

Material Information

The opa have taken reasonable precautions and exercised all reasonable due diligence by asking the Seller of the Property to provide us in writing a declaration of material information regarding a property to comply with the Consumer Protection from Unfair Trading Regulations 2008. However, certain information may be unavailable/unknown. Any buyer must carry out their own due diligence and rely on their own searches, investigations and enquiries in respect of all matters relating to their proposed purchase of this property, to enable them to make an informed transactional decision before proceeding and entering into the exclusivity agreement on this property.
EPC


EPC –D

Any other material information – information that may affect the average consumer’s decision making

Refer to pack.

Agent Notes

Draft details, awaiting vendor approval.

Buyers Fee

Buyer's Fee of 2% of the Purchase Price, subject to Minimum Fee £3,999 (whichever is greater). All fees inclusive of VAT. T&Cs apply.

Please request Information Pack, Buyer’s Guide & FAQs.

You will be required to enter an “Exclusivity Agreement” with the Seller, granting you, the Buyer, the Exclusive right to purchase the property within the exclusivity period.

Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement.

Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale is generally eight weeks, but this will be specified in the Exclusivity Agreement (please note, we may be able to negotiate the timeframe, so please discuss with your opa representative).

This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market. By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.

The opa’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you and the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually up to 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted, and during this period the buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.

This property is being offered under The opa’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement”. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys:

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days/8 weeks, however, please confirm seller’s required timescale).

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping.

• Helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Steps to Purchase

Step 1 - Register your interest.

Step 2 - Arrange your finances, carry out your due diligence, ask questions, get legal/financial advice if required. Request and review the property pack. You are advised to get legal advice prior to offering on the property.

Step 3 - Arrange a viewing (if you require a viewing). If you do not require a viewing and offer without a viewing, you are doing so at your own risk.

Step 4 - Make an offer.

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package.

Step 6 - Exchange and completion.

Next Steps – Do Not Miss Out:

Important Notes

Buyers should carry out their own due diligence/investigations, and if required seek independent legal/financial advice.

The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation, lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement.

Buyers should carry out their own due diligence/investigations and if required seek independent legal/financial advice prior to entering the Exclusivity Agreement.

Money Laundering Regulations

1. Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. These particulars do not constitute part or all of an offer or contract.

3. The measurements indicated are supplied for guidance only, and as such must be considered incorrect.

4. Potential buyers are advised to recheck the measurements before committing to any expense.

5. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility, and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

6. No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of writing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967

The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

(1) These particulars do not amount to, nor amount to any part of, an offer or contract.

(2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - The Online Property Agency. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact The Online Property Agency for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Birmingham
  5. Talbot Way