High Street location just 1 mile from the University of Birmingham
Opposite Marks & Spencer Simply Food
Other nearby occupiers include Café Rouge, Halifax and Bensons For Beds
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 61
Auction 11th February 2016
Rent £20,230 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA Receivers
Property Information
Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley, 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham)
Air
Birmingham International Airport
Situation
The property is situated in the popular student area of Harborne, 4 miles south-west of Birmingham city centre and 1 mile north-west of The University of Birmingham. The property is located opposite Marks & Spencer Simply Food at the eastern end of the High Street, close to its junction with Station Road. Other nearby occupiers include Café Rouge, Halifax and Bensons for Beds.
Tenure
Freehold.
Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley, 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham)
Air
Birmingham International Airport
Situation
The property is situated in the popular student area of Harborne, 4 miles south-west of Birmingham city centre and 1 mile north-west of The University of Birmingham. The property is located opposite Marks & Spencer Simply Food at the eastern end of the High Street, close to its junction with Station Road. Other nearby occupiers include Café Rouge, Halifax and Bensons for Beds.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with a self-contained one bedroom maisonette arranged over first and second floors. The maisonette is accessed via a private rear entrance and benefits from a patio garden.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with a self-contained one bedroom maisonette arranged over first and second floors. The maisonette is accessed via a private rear entrance and benefits from a patio garden.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 applicable to this lot.
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
Review/(Reversion)
Ground
Retail
43.19 sq m
(465 sq ft)
LOLA’S CLOSET LTD
5 years from 24/03/2014 until 23/03/2019 on a full repairing and insuring lease (1)
£14,000
24/03/2017
First/Second
Residential
1 Bedroom Maisonette
WHITTLE ESTATES AND PROPERTY SERVICES LTD
7 months from 20/07/2015
£6,230.40
(19/02/2016) (2)
Total Commercial Area
43.19 sq m
(465 sq ft)
£20,230.40 (2)
(1) The lease provides a tenant option to determine on 24/03/2017 (2) The tenant of the residential flat has served notice and will vacate the property at the end of the lease. Another party has shown interest in taking a new lease at £650 pcm (£7,800 p.a). Please refer to the legal pack for further information.