High Street, Birmingham, B23

Alongside our auction partner 'I Am Sold' Connells Midlands Land & Investment team are delighted to offer the opportunity to acquire the 'Arion Business Centre' - a 16 unit office block in the heart of Erdington.

Predominantly occupied by multiple tenants with detail on the tenancies available upon request, the offices themselves currently produce an income in excess of £10,000 PCM whilst also having Mail Boxes producing an additional income in excess of £900 PCM. Fully occupied, the opportunity presents an estimated income in the region of £12,500 PCM (£150,000 Per Annum).

The building itself aside from the office suites benefits from reception area with concierge, secure on site parking with electric gates, CCTV and night-lighting as well as internal and external key-card security.

The site could also present the potential for residential development/conversion subject to the appropriate permissions.

Viewings are to be arranged via appointment only - please contact Matt Taylor of the Connells Land team for more information.

Business Rates - It is advised that any interested party make their own enquiries with the local authority for verification.

VAT Status - TBC

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.