Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles south-west of Birmingham city centre
Roads
A38, A441, M5 (Junction 3 & 4) M42 (Junction 2)
Rail
Northfield Railway Station (Approx. 19 mins to
Birmingham New Street Railway Station)
Air
Birmingham International Airport
Situation
Northfield is a predominantly residential district of Birmingham, south-west of the city centre. The property is prominently situated in a corner position on the eastern side of Bristol Road South, Northfield’s main retailing thoroughfare, at its junction with Rochester Road. Neighbouring and nearby occupiers include Barclays Bank, HSBC, Boots, Specsavers, Argos, Home Bargains and B & M.
Tenure
Freehold.
Location
Miles
6 miles south-west of Birmingham city centre
Roads
A38, A441, M5 (Junction 3 & 4) M42 (Junction 2)
Rail
Northfield Railway Station (Approx. 19 mins to
Birmingham New Street Railway Station)
Air
Birmingham International Airport
Situation
Northfield is a predominantly residential district of Birmingham, south-west of the city centre. The property is prominently situated in a corner position on the eastern side of Bristol Road South, Northfield’s main retailing thoroughfare, at its junction with Rochester Road. Neighbouring and nearby occupiers include Barclays Bank, HSBC, Boots, Specsavers, Argos, Home Bargains and B & M.
Tenure
Freehold.
Description
The property comprises a banking hall with ancillary accommodation on the ground floor, basement storage accommodation and first floor office accommodation which can be accessed internally or via a separate entrance from Bristol Road South. The property benefits from rear servicing and car parking provisions.
SIX WEEK COMPLETION
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Tel: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a banking hall with ancillary accommodation on the ground floor, basement storage accommodation and first floor office accommodation which can be accessed internally or via a separate entrance from Bristol Road South. The property benefits from rear servicing and car parking provisions.
SIX WEEK COMPLETION
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Tel: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground Basement First
Banking Hall/Ancillary Ancillary Office
243.12 sq m 53.14 sq m 189.14 sq m
(2,617 sq ft) (572 sq ft) (2,036 sq ft)
LLOYDS BANK PLC (1)
8 years from 23/06/2011 on a full repairing and insuring lease
£70,000
22/06/2019 (2)
Totals
485.40 sq m
(5,225 sq ft)
£70,000
(1) For the year ending 31st December 2014, Lloyds Bank plc reported pre-tax profits of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 05/06/2015) (2)The lease provided a tenant’s option to determine in June 2015. The tenant did not exercise this break option and the notice period has now passed.
