Imex Business Park Falxley Road, Stechford Birmingham B33 9AL

Imex Business Park
Falxley Road, Stechford
Birmingham
B33 9AL

Freehold Industrial/Trade Counter Investment

  • 48 units totalling approximately 4,969.90 sq m (53,497 sq ft)
  • Site Area approximately 1.34 hectares (3.31 acres)
  • Opposite the Stetchford Retail Park with occupiers including McDonald’s, Matalan, JJB Sports and Home Bargains
  • Future redevelopment potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    71
  • Auction
    7th July 2016
  • Rent
    £190,031 per Annum
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Hansteen
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Industrial/Trade Counter Investment

  • 48 units totalling approximately 4,969.90 sq m (53,497 sq ft)
  • Site Area approximately 1.34 hectares (3.31 acres)
  • Opposite the Stetchford Retail Park with occupiers including McDonald’s, Matalan, JJB Sports and Home Bargains
  • Future redevelopment potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 71
  • Auction 7th July 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Hansteen

Property Information

Location
Miles
3.5 miles east of Birmingham city centre, 1.5 miles south of Junction 5 of M5 Motorway
Roads
A4040, M6 (Junctions 5 & 6)
Rail
Stetchford Railway Station
Air
Birmingham International Airport
Situation

The site is prominently situated on the north side of Flaxley Road (A4040) at the junction of Flaxley Parkway directly opposite the important Stetchford Retail Park with residential properties to the west and east of the site.

Tenure

Freehold.

Location
Miles
3.5 miles east of Birmingham city centre, 1.5 miles south of Junction 5 of M5 Motorway
Roads
A4040, M6 (Junctions 5 & 6)
Rail
Stetchford Railway Station
Air
Birmingham International Airport
Situation

The site is prominently situated on the north side of Flaxley Road (A4040) at the junction of Flaxley Parkway directly opposite the important Stetchford Retail Park with residential properties to the west and east of the site.

Tenure

Freehold.

Description

The Imex Business Park comprises some 48 industrial/trade counter and Warehouse units with a prominent frontage to Flaxley Road. The property has an approximate site area of 1.34 hectares (3.31 acres).

VAT

VAT is 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 Imex Business Park comprises some 48 industrial/trade counter and Warehouse units with a prominent frontage to Flaxley Road. The property has an approximate site area of 1.34 hectares (3.31 acres).

VAT

VAT is 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

Loccation Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Unit 01 Ground Industrial
78.87 sq m
(849 sq ft)
INDIVIDUAL 4 years from 01/07/2012 £9,350 30/06/2016
Unit 02 Ground Industrial
83.61 sq m
(900 sq ft)
INDIVIDUALS 4 years from 01/06/2012 £8,700 Holding Over
Unit 03 Ground Industrial
83.61 sq m
(900 sq ft)
INDIVIDUAL 3 years from 17/02/2014 £7,800 16/02/2017
Unit 04 Ground Industrial
83.61 sq m
(900 sq ft)
CROWN GROUP
(UK) LIMITED
3 years from 19/12/2015 (1) £7,050 18/12/2018
Unit 05 Ground Industrial
83.61 sq m
(900 sq ft)
MIO SLEEP
LIMITED
Approximately 3 years from
01/02/2016 (2)
£7,050 18/12/2018
Unit 06 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 3 years from 19/12/2015 (3) £3,150 18/12/2018
Units 07,
08 & 09
Ground Industrial
301.84 sq m
(3,249 sq ft)
ZEE HARDWARE
LIMITED
3 years from 01/02/2016 £7,500 (4) 31/01/2019
Unit 11 Ground Industrial
111.48 sq m
(1,200 sq ft)
ROTATING
ELECTRICS
LIMITED
3 years from 24/09/2015 £5,400 23/09/2018
Unit 12 Ground Industrial
111.48 sq m
(1,200 sq ft)
VACANT      
Unit 12A Ground Industrial
111.48 sq m
(1,200 sq ft)
CENTRAL
ENVIRONMENTAL
SERVICES LIMITED
1 year from 01/05/2013 £3,900 Holding Over
Unit 14 Ground Industrial
111.48 sq m
(1,200 sq ft)
ELEGANT CLUB
FENDERS LIMITED
3 years from 22/09/2015 (5) £4,020 21/09/2018
Unit 15 Ground Industrial
102.19 sq m
(1,100 sq ft)
GLOBAL RETURNS
LIMITED
1 year from 12/08/2013 £3,200 Holding Over
Unit 16 Ground Industrial
102.19 sq m
(1,100 sq ft)
INDIVIDUAL 1 year from 01/05/2016 (8) £4,600 30/04/2017
Unit 17 Ground Industrial
111.48 sq m
(1,200 sq ft)
INDIVIDUAL 1 year from 01/03/2016 £5,000 28/02/2017
Unit 18 Ground Industrial
111.48 sq m
(1,200 sq ft)
INDIVIDUAL 1 year from 01/06/2013 £2,800 Holding Over
Unit 19 Ground Industrial
204.39 sq m
(2,200 sq ft)
VACANT      
Unit 20 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 1 year from 01/06/2016 £2,500 31/05/2017
Unit 21 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 1 year from 07/07/2015 £2,940 06/07/2016
Unit 22 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 3 years from 01/04/2016 (6) £2,800 31/03/2019
Unit 23 Ground Industrial
66.89 sq m
(720 sq ft)
INDIVIDUAL 1 year from 01/01/2016 £2,000 31/12/2016
Unit 24 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 1 year from 01/07/2012 £2,975 Holding Over
Unit 25 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 1 year from 01/07/2015 £3,250 30/06/2016
Unit 26 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 1 year from 04/01/2016 £2,800 03/01/2017
Unit 27 Ground Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL 1 year from 01/01/2016 £4,377 31/12/2016
Unit 28 Ground Industrial
66.89 sq m
(720 sq ft)
INDIVIDUAL 1 year from 01/11/2010 £3,420 Holding Over
Unit 29 Ground Industrial
74.32 sq m
(800 sq ft)
INDIVIDUAL 1 year from 01/11/2015 £2,800 31/10/2016
Unit 30 Ground Industrial
213.68 sq m
(2,300 sq ft)
ELITE EXPORT
LIMITED
1 year from 01/10/2015 £8,400 30/09/2016
Unit 32 Ground Industrial
232.26 sq m
(2,500 sq ft)
XZERES WIND
CORP/XZERES WIND
Licence - 6 months from 16/10/2015 £15,600 (9)
Unit 34 Ground Industrial
232.26 sq m
(2,500 sq ft)
INDIVIDUAL Licence - 1 year from 01/05/2016 £4,000 30/04/2017
Unit 36 Ground Industrial
232.26 sq m
(2,500 sq ft)
ELITE EXPORT
LIMITED
Licence - 6 months from 11/01/2016 £8,400 (7) 10/07/2016
Unit 40 Ground Industrial
232.26 sq m
(2,500 sq ft)
INDIVIDUAL 1 year from 01/02/2016 £7,500 31/01/2017
Units 38, 42, 44, 46 Ground Industrial
929.03 sq m
(10,000 sq ft)
INDIVIDUAL 1 year from 01/09/2015 £21,000 31/08/2016
Unit A01 & 10 Ground Office/Industrial
195.65 sq m
(2,106 sq ft)
CENTRAL
ENVIRONMENTAL
SERVICES LIMITED
1 year from 01/05/2013 £14,249 Holding Over
Unit A02 & A3F Ground Office
28.15 sq m
(303 sq ft)
VACANT      
Unit A04 & A05 Ground Office
90.12 sq m
(970 sq ft)
INDIVIDUAL 1 year from 01/11/2015 £1,500 31/10/2016
Unit A3a Ground Office
4.09 sq m
(44 sq ft)
VACANT      
Unit A3b Ground Office/Storage
13.01 sq m
(140 sq ft)
VACANT      
Unit A3c Ground Office/Storage
19.23 sq m
(207 sq ft)
VACANT      
Unit A3d Ground Office/Storage
14.21 sq m
(153 sq ft)
VACANT      
Unit A3e Ground Office/Storage
12.63 sq m
(136 sq ft)
VACANT      
Totals    
4,,969.90 sq m
(53,497 sq ft)
    £190,031

(1) The lease is subject to tenant options to determine on 19th December 2016 and 19th December 2017.
(2) The lease is subject to tenant options to determine on 18th December 2016 and 18th December 2017.
(3) The lease is subject to tenant options to determine on 19th December 2016 and 19th December 2017.
(4) The lease provides for fixed rental increases to £8,000 p.a.x. in February 2017 and £8,500 in February 2018.
(5) The lease provides for a rolling tenant option to determine on providing one month’s prior written notice.
(6) The lease is subject to tenant options to determine on 1st April 2017 and 1st April 2018.
(7) The tenant is occupying the premises by way of a six month licence. The rent stated has been annualised.
(8) The lease is subject to a tenant option to determine on 30th June 2016.
(9) The rent stated has been annualised.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    851 KB
    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
Pinsent Masons LLP 3 Colmore Circus, Queensway,
Birmingham
B4 6BH
Mandeep Ladhar 0121 623 8674mandeep.ladhar@pinsentmasons.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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