1 Audley Street and 6 to 12 Glebe Farm Road
Stechford
Birmingham
West Midlands
B33 9LZ

Freehold Retail and Residential Investment

  • Comprises 5 retail units and 7 self-contained residential flats above
  • Includes tenants trading as Post Office and Lloyds Pharmacy
  • Unbroken parade
  • Prominent corner location in popular Birmingham suburb
  • Nearby occupiers include Coral and Greggs
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    44
  • Auction
    25/May/2017
  • Rent
    £100,480 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 1 Audley Street and 6 to 12 Glebe Farm Road<br>Stechford<br>Birmingham<br>West Midlands<br>B33 9LZ
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Property Information

Location
Miles
7 miles east of Birmingham City Centre
Roads
M6, M42
Rail
Stechford Railway Station
Air
Birmingham Airport
Situation

Stechford is a popular Birmingham suburb some 7 miles east of Birmingham City Centre. The property is situated in a prominent position at the junction of busy Audley Road and Glebe Farm Road. Nearby occupiers include Coral and Greggs.

Tenure

Freehold.

Description

The property comprises an unbroken parade of five ground floor retail units with seven self-contained residential flats on the first floor which are accessed off Audley Road.

VAT

VAT is applicable to this lot.

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/(Reversion)

1/1A Audley
Road
Ground
Retail
128.20 sq m
(1,380 sq ft)
INDIVIDUALS t/a Double Save
Supermarket
30 years from
04/07/2007
until 2037
£18,500
04/07/2017
and five
yearly
8 Glebe
Farm Road
Ground
Retail
128.88 sq m
(1,387 sq ft)
MC & M PARMER (ON ASSIGNMENT
FROM T & S STORES
PLC, A SUBSIDIARY
OF TESCO PLC)
t/a Post Office (1)
30 years from
29/09/1990
£12,000
(28/09/2020)
10 Glebe
Farm Road
Ground
Retail
215.40 sq m
(2,319 sq ft)
A & J LLOYD INVESTMENTS t/a
Lloyds Pharmacy (2)
15 years from
24/06/2006
£23,000
(23/06/2021)
12 Glebe
Road
Ground
Retail
46.70 sq m
(503 sq ft)
INDIVIDUAL t/a Glebe Farm
Butchers
10 years from
19/03/2015 (3)
£9,000 Rising by
£500 p.a.x.
to £10,000
in 2019
19/03/2020
(18/03/2025)
First
 Residential
3 x 3 bedroom flats
4 x 2 bedroom flats
INDIVIDUALS
Let on Separate Assured
Shorthold
Tenancies
£37,980
 
Total Commercial Area
 
519.18 sq m
(5,589 sq ft)
  £100,480
 

(1) T&S Stores Limited formerly T&S Stores Plc, are a subsidiary of Tesco Plc. For the year ending 27th February 2016, T&S Stores Limited reported a total net worth of £573,589,000 (Source: Experian Group 25/04/2017).
(2) Lloyds Pharmacy is one of UK's largest community pharmacy chains, with more than 1,800 pharmacies across the country (Source: www.lloydspharmacy.com 25/04/2017)
(3) The tenant is not currently trading from the property.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.05.17
    File Size
    50 MB
    Login to View
  • Site Plan
    Updated Date
    03.05.17
    File Size
    695 KB
    View PDF
  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alec LinfieldAlec Linfield +44 (0)20 7034 4860alec.linfield@acuitus.co.uk
Seller's Solicitors
Frisby and Small Solicitors 5 De Montfort Street
Leicester
LE1 7GE
Justin Crowson 0116 233 5522jcrowson@frisbysmall.co.uk

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