High Street location just 1 mile from the University of Birmingham
Potential development opportunity at first floor (subject to consents)
Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero
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 35
Auction 11th February 2016
Rent £75,000 per Annum Exclusive
Status Sold Prior
Price
Sector Bank
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) Rail
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 sits on the northern side of the High Street near its junction with Station Road. Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero.
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) Rail
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 sits on the northern side of the High Street near its junction with Station Road. Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with self-contained first floor office/ancillary accommodation.
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.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with self-contained first floor office/ancillary accommodation.
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.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.
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
Ground First
Bank Office/Ancillary
258.91 sq m 287.90 sq m
(2,787 sq ft) (3,099 sq ft)
LLOYDS BANK PLC (1)
10 years from 30/10/2012 until 29/10/2022 on a full repairing and insuring lease (2)
£75,000
30/10/2017
Totals
546.81 sq m
(5,886 sq ft)
£75,000
(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: Experian Group 18/01/2016) (2) The lease provides the option to determine on 30/10/2017.
