Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of M&G Real Estate
Property Information
Location
Miles
3.5 miles north-east of Birmingham
19 miles north-west of Coventry, 46 miles south-west of Nottingham
Roads
A4040, M6
Rail
Erdington Railway Station
Air
Birmingham City Airport
Situation
Stockland Green is a busy and popular residential suburb of Birmingham situated some 3.5 miles north-east of Birmingham City Centre. The property is situated in a prominent and busy crossroad intersection, close to the A4040 on the eastern side of Streetly Road and at its junction with Marsh Lane (B4531). The A4040 provides direct access to the M6 which is some 1 mile away.
Tenure
Freehold.
Location
Miles
3.5 miles north-east of Birmingham
19 miles north-west of Coventry, 46 miles south-west of Nottingham
Roads
A4040, M6
Rail
Erdington Railway Station
Air
Birmingham City Airport
Situation
Stockland Green is a busy and popular residential suburb of Birmingham situated some 3.5 miles north-east of Birmingham City Centre. The property is situated in a prominent and busy crossroad intersection, close to the A4040 on the eastern side of Streetly Road and at its junction with Marsh Lane (B4531). The A4040 provides direct access to the M6 which is some 1 mile away.
Tenure
Freehold.
Description
The property comprises a former cinema, currently used as a bingo hall. The property benefits from a large site area of approximately 0.19 hectares (0.48 acres), with on-site parking.
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.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a former cinema, currently used as a bingo hall. The property benefits from a large site area of approximately 0.19 hectares (0.48 acres), with on-site parking.
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.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
25 years from 19/12/2014 on a full repairing and insuring lease
£83,160
19/12/2015 Annual rental increases linked to RPI (2)
Totals
1,924.53 sq m
(20,715 sq ft)
£83,160
(1) For the year ending 27th September 2014, Gala Leisure Limited reported a turnover of £280,062,000, pre-tax profits of £78,983,000 and a total net worth of £258,505,000. (Source: www.experian.co.uk 03/11/2015) (2)The rent reviews are linked to the Retail Price Index subject to a minimum of 0% and maximum of 4% with the next review in December 2015.