281-289 Alcester Road South Kings Heath Birmingham West Midlands B14 6EB

281-289 Alcester Road South
Kings Heath
Birmingham
West Midlands
B14 6EB

Freehold Retail Investment

Three Retail Units with Residential Upper Parts
Tenants include Petsco Ltd (t/a White Cross Vets) and Explore Learning Ltd
Located on the busy A435 Alcester Road South
On-site Car Parking

Lot
42
Auction
22nd May 2014
Rent
£53,254 per Annum Exclusive
Status
Sold
Price
£495,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Three Retail Units with Residential Upper Parts
Tenants include Petsco Ltd (t/a White Cross Vets) and Explore Learning Ltd
Located on the busy A435 Alcester Road South
On-site Car Parking

Lot 42
Auction 22nd May 2014
Rent £53,254 per Annum Exclusive
Status Sold
Price £495,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 6 miles south of Birmingham, 70 miles east of Northampton, 85 miles north of Bristol
Roads: A38(M), M42 (Junction 4), M6 (Junction 6),; M40 (Junction 37)
Rail: Yardley Wood Rail
Air: Birmingham International

Situation

The property is situated on the eastern side of the busy Alcester oad South (A435) which is one of the main arterial routes of Birmingham.

Tenure

Freehold.

Location

Miles: 6 miles south of Birmingham, 70 miles east of Northampton, 85 miles north of Bristol
Roads: A38(M), M42 (Junction 4), M6 (Junction 6),; M40 (Junction 37)
Rail: Yardley Wood Rail
Air: Birmingham International

Situation

The property is situated on the eastern side of the busy Alcester oad South (A435) which is one of the main arterial routes of Birmingham.

Tenure

Freehold.

Description

The property comprises three retail units, one of which has been sold off, with residential upper parts, also sold off. The property benefits from rear access via a service road which leads to a car park with a total of approximately 23 spaces.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

No	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
281	Ground	Retail	209.96 sq m	(2,260 sq ft)	EXPLORE LEARNING LIMITED (1)	15 years from 16/09/2011 until 15/09/2026	£27,250	16/09/2016 and 16/09/2021
283	Ground	Retail	139.35 sq m	(1,500 sq ft)	PETSCO LIMITED (t/a White Cross Vets) (2)	15 years from 12/01/2009 until 11/01/2024	£26,000	12/01/2014 (3) and 12/01/2019
287- 289	Ground	Retail			RAPSODY PROPERTIES LTD (t/a Tesco Express)	999 years from 03/02/2010	£2	(02/02/3009)
	First/ Second	Residential			ALCESTER PLACE LIMITED	125 years from 10/12/2007	£2	(09/12/2132)
Totals							£53,254

(1) For the year ending 31st December 2012, Explore Learning Limited reported a turnover of £19,687,000, pre-tax profits of £784,000 and a total net worth of £7,039,000. (Source: www.riskdisk.com 16/04/2014).
(2)White Cross Vets have been caring for the pets in the North of England for over 75 years, having started in West Yorkshire in 1937 and now trade from approximately 12 branches (Source: www.whitecrossvets.co.uk 16/04/2014).
(3)As to the Petsco Limited lease, the 2014 rent review is outstanding.