Summary - 6-8, WHEELER STREET SHOPPING CENTRE, WHEELER STREET B19 2ER
1 bed 1 bath Commercial Property
Auction lot with refurbishment upside and rental potential.
Freehold titles for two shop units with flats above
Two adjoining freehold shop units with flats above are offered as a single lot in a busy Newtown parade. Both titles are freehold but subject to long leases dated 29 September 1968, each with a current ground rent of £175 pa (total £350 pa) and rent reviews every 25 years. The properties present clear investment potential for a hands-on buyer — rental income from the flats and shop frontage in a densely populated urban catchment.
The buildings show signs of neglect and will require refurbishment to reach lettable standard; internal services may need upgrading and viewings should be undertaken with caution. The area scores highly for crime and very high deprivation, which affects tenant demand and yields; however, local amenities, strong public transport links and nearby schools provide steady footfall and rental appetite.
The lots are being sold at public auction with unconditional exchange on the fall of the gavel. Purchasers must review the legal pack for full lease details, rights, covenants and any additional costs. Note there are purchaser liabilities beyond the hammer price, including council professional fees of £3,000 and an administration fee (see legal pack for the figure applicable to this lot).
Commercial property for sale in Unit 3 (Shop 6) & Unit 4 (Shop 8), Wheeler Street Shopping Centre, Wheeler Street, Newtown, Birmingham, B19 2ER, B19 — £60,000 • 1 bed • 1 bath
Commercial property for sale in Unit 2 (Shop 4) Wheeler Street Shopping Centre, Wheeler Street, Newtown, Birmingham, B19 2ER, B19 — £30,000 • 1 bed • 1 bath
Commercial property for sale in Unit 2 (Shop 4) Wheeler Street Shopping Centre, Wheeler Street, Newtown, Birmingham, B19 2ER, B19 — £30,000 • 1 bed • 1 bath
Commercial property for sale in 92 Cato Street, Nechells, Birmingham, B7 4TS, B7 — £20,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in 87 Rosary Road, Erdington, Birmingham, West Midlands, B23 7RD, B23 — £39,000 • 2 bed • 1 bath • 975 ft²
2 bedroom mixed use property for sale in 2 & 2A Leonard Road, Lozells, Birmingham, Birmingham, B19 1LA, B19 — £250,000 • 2 bed • 1 bath • 403 ft²
