Dulux Decorator Centre Unit A, 60 - 72 New Town Row Birmingham West Midlands B6 4HP

Dulux Decorator Centre
Unit A, 60 - 72 New Town Row
Birmingham
West Midlands
B6 4HP

City Centre Retail Investment

  • Let to Imperial Chemical Industries Ltd t/a Dulux Decorator Centre
  • Prominent Roadside Location 0.5 miles from Birmingham City Centre
  • Includes car parking
  • £152,679 p.a.x (gross) £122,679 p.a.x (net)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    71
  • Auction
    30th March 2017
  • Rent
    £152,679 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Retail Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

City Centre Retail Investment

  • Let to Imperial Chemical Industries Ltd t/a Dulux Decorator Centre
  • Prominent Roadside Location 0.5 miles from Birmingham City Centre
  • Includes car parking
  • £152,679 p.a.x (gross) £122,679 p.a.x (net)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 71
  • Auction 30th March 2017
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Retail Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
0.5 miles from Birmingham city centre
Roads
A4540, A38(M)
Rail
Birmingham Snow Hill Station
Air
Birmingham International Airport
Situation

The property is prominently situated in a very busy commercial location on the west side of New Town Row, north of the city centre and close to the junction with the A4540 which links directly to the A38(M), approximately 300 metres from the property. Birmingham Snow Hill Station is located some 0.5 miles south of the property. Neighbouring occupiers include Speedy Hire and Floors 2 Go.

Tenure

Long Leasehold. Held for a term of 125 years from January 2013 at an initial rent of £30,000 per annum exclusive. The headlease provides for the rent to increase every 10th year by 2% per annum compounded.

Location
Miles
0.5 miles from Birmingham city centre
Roads
A4540, A38(M)
Rail
Birmingham Snow Hill Station
Air
Birmingham International Airport
Situation

The property is prominently situated in a very busy commercial location on the west side of New Town Row, north of the city centre and close to the junction with the A4540 which links directly to the A38(M), approximately 300 metres from the property. Birmingham Snow Hill Station is located some 0.5 miles south of the property. Neighbouring occupiers include Speedy Hire and Floors 2 Go.

Tenure

Long Leasehold. Held for a term of 125 years from January 2013 at an initial rent of £30,000 per annum exclusive. The headlease provides for the rent to increase every 10th year by 2% per annum compounded.

Description

The property comprises a substantial city centre ground floor trade counter with significant frontage to New Town Row and forms part of a larger building. The property benefits from an undercroft loading bay and customer car parking. The tenant refurbished the unit in 2016.

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 substantial city centre ground floor trade counter with significant frontage to New Town Row and forms part of a larger building. The property benefits from an undercroft loading bay and customer car parking. The tenant refurbished the unit in 2016.

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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. (gross)
Reversion
Ground
Retail/Ancillary
1,031.97 sq m
(11,108 sq ft)
IMPERIAL
CHEMICAL
INDUSTRIES LTD
(1)
20 years from
21/09/2001
£152,679
20/09/2021
Total  
1,031.97 sq m
(11,108 sq ft)
    £152,679
 

(1) For the year ending 31 December 2015, Imperial Chemical Industries Limited reported a turnover of £485,000,000, pre-tax profits of £108,000,000 and a net worth of £4,173,000,000 (Source: Experian Group 03/03/2017). Imperial Chemical Industries Limited are part of Akzo Nobel who are the leading global paints and coatings company and a major producer of specialty chemicals. They employ, approximately 45,000 people in around 80 countries and their portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka (Source: www.akzonobel.com 03/03/2017) .

Property Documents

  • Site Plan
    Updated Date
    08.03.17
    File Size
    344 KB
    View PDF
  • Catalogue Page
    Updated Date
    08.03.17
    File Size
    2 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
Brodies LLP Brodies LLP, 15 Atholl Crescent
Edinburgh
EH3 8HA
Laurence W Douglas 0131 656 0140laurence.douglas@brodies.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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