878 Washwood Heath Birmingham West Midlands B8 2NB

878 Washwood Heath
Birmingham
West Midlands
B8 2NB

Freehold Retail Investment

  • Let to Done Brothers (Cash Betting) Limited until 2024 (no breaks)
  • Popular Birmingham suburb
  • Close proximity to The Fox & Goose Shopping Centre
  • Nearby occupiers include Subway, Barclays and Paddy Power
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    10
  • Auction
    30th March 2017
  • Rent
    £27,049 per Annum Exclusive
  • Status
    Sold
  • Price
    £391,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Done Brothers (Cash Betting) Limited until 2024 (no breaks)
  • Popular Birmingham suburb
  • Close proximity to The Fox & Goose Shopping Centre
  • Nearby occupiers include Subway, Barclays and Paddy Power
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 10
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £391,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
4 miles north-east of Birmingham
Roads
M6 (Junction 5), A38 (M)
Rail
Stechford Rail
Air
Birmingham International Airport
Situation

Ward End is a popular Birmingham suburb some 4 miles north-east of Birmingham City Centre. The property is prominently situated on Washwood Heath Road, at its junction with Mickleover Road. The property is located within close proximity to The Fox & Goose Shopping Centre, which houses occupiers including Iceland, Greggs, Card Factory and Lloyds Chemist. Other nearby occupiers include Subway, Barclays and Paddy Power.

Tenure

Freehold.

Location
Miles
4 miles north-east of Birmingham
Roads
M6 (Junction 5), A38 (M)
Rail
Stechford Rail
Air
Birmingham International Airport
Situation

Ward End is a popular Birmingham suburb some 4 miles north-east of Birmingham City Centre. The property is prominently situated on Washwood Heath Road, at its junction with Mickleover Road. The property is located within close proximity to The Fox & Goose Shopping Centre, which houses occupiers including Iceland, Greggs, Card Factory and Lloyds Chemist. Other nearby occupiers include Subway, Barclays and Paddy Power.

Tenure

Freehold.

Description

The property comprises a ground floor betting shop with a self-contained one bedroom flat at first floor. The property benefits from a yard to the rear with car parking for approximately 3 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor betting shop with a self-contained one bedroom flat at first floor. The property benefits from a yard to the rear with car parking for approximately 3 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
878
878A
Ground
First
Betting Shop Residential

136 sq m
One Bedroom Flat

1,463 sq ft
>DONE BROTHERS (CASH BETTING)
LIMITED (1) (2)
15 years from
24/06/2009 until
23/06/2024 on a
full repairing and
insuring lease
£27,049
24/06/2019
Total Commercial Area
 
136 sq m
1,463 sq ft
    £27,049
 

(1) For the year ending 26 September 2015, Done Brothers (Cash Betting) Limited reported a turnover of £320,065,000, pre-tax profits of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 20/02/2017).
(2) The lease has been assigned from Coral Estates Limited. Coral Estates Limited guaranteed by Coral Racing Limited remain liable by way of an Authorised Guarantee Agreement. For the year ending 26 September 2015, Coral Estates Limited reported a turnover of £20,311,000, pre-tax profits of £2,496,000 and a total net worth of £25,719,000 (Source: Experian Group 20/02/2017).

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    581 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds Sutherland 1 Callaghan Square
Cardiff
CF10 5BT
Angharad-Elin Trigg 02920 477 139AngharadTriggs@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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