Summary - Unit 2 (Shop 4) Wheeler Street Shopping Centre, Wheeler Street, Newtown, Birmingham, B19 2ER B19 2ER
1 bed 1 bath Commercial Property
Low-entry commercial lot suitable for refurbishment or rental income.
Freehold interest sold subject to 99-year lease from 29/09/1968
Current ground rent £175 per annum; rent reviews every 25 years
Vacant 1960s shopfront with low ceilings and small footprint
Requires full cosmetic renovation and likely services check
Area: major conurbation with fast broadband and excellent mobile signal
Local area very deprived with a high crime rate — tenant risk
Sale at public auction; unconditional exchange and extra fees apply
Buyer responsible for council professional fee £3,000 and admin fee £2,340
A compact ground-floor retail unit in Wheeler Street Shopping Centre offered as a freehold interest subject to an existing long lease. The property is vacant and requires renovation: the shop dates from the 1960s, has low ceilings and a small footprint, so it suits buyers planning a refit, alternative use, or a value-add investment.<br><br>This sale will be conducted at public auction with unconditional exchange on the fall of the gavel. Buyers should budget for additional costs: a council professional fee of £3,000 and an administration fee of £2,340 (inc. VAT), plus any other costs shown in the legal pack. The freehold is subject to a 99-year lease from 29 September 1968 with a current ground rent of £175 p.a., and periodic rent reviews — consult the legal pack for full lease terms.<br><br>Location strengths include fast broadband, excellent mobile signal, public transport access and local amenities such as health centres and schools nearby. The setting is a major conurbation with high footfall potential, but the local area is classed as very deprived with a high crime rate, which will affect tenant demand and rental values. Suitable purchasers will be investors or developers seeking a low-entry purchase price to renovate, re-let, or repurpose.
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