Units 1-10 Metro Triangle Mount Street Industrial Estate Birmingham B7 5QT

Units 1-10 Metro Triangle
Mount Street Industrial Estate
Birmingham
B7 5QT

Multi-let Industrial Investment

  • Comprises 10 industrial units in 2 terraces
  • 3 new lettings achieved with the opportunity for further active management
  • Nearby occupiers include Smurfit Kappa SSK Ltd, Apex Plastics and Academy Signs
  • Approximately 2,559.45 sq m (27,550 sq ft)
  • On-site car parking and a large loading area
  • Excellent access to Birmingham City Centre and Junction 6 of the M6
  • Rent £115,197 per annum exclusive (gross) £100,798 p.a.x. (net)
  • Lot
    25
  • Auction
    11th December 2014
  • Rent
    £115,197 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,090,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

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

Multi-let Industrial Investment

  • Comprises 10 industrial units in 2 terraces
  • 3 new lettings achieved with the opportunity for further active management
  • Nearby occupiers include Smurfit Kappa SSK Ltd, Apex Plastics and Academy Signs
  • Approximately 2,559.45 sq m (27,550 sq ft)
  • On-site car parking and a large loading area
  • Excellent access to Birmingham City Centre and Junction 6 of the M6
  • Rent £115,197 per annum exclusive (gross) £100,798 p.a.x. (net)
  • Lot 25
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £1,090,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
3 miles north-east of Birmingham City Centre, 40 miles south-west of Worcester, 20 miles south-east of Coventry
Roads
B4137, A47, M6 Motorway (Junction 6)
Rail
Birmingham International Railway Station
Air
Birmingham International Airport
Situation

The property is located approximately 3 miles north-east of Birmingham City Centre and close to Junction 6 of the M6 Motorway (Spaghetti Junction). The estate is situated on Mount Street off the B4137 Cuckoo Road, which in turn links to the A34 Lichfield Road.

Tenure

Long Leasehold. Held for a term of 125 years from 25th December 1990 until 24th December 2115 at a rent of £12,500 or 12.5% of net rent received, whichever is the higher.

Location
Miles
3 miles north-east of Birmingham City Centre, 40 miles south-west of Worcester, 20 miles south-east of Coventry
Roads
B4137, A47, M6 Motorway (Junction 6)
Rail
Birmingham International Railway Station
Air
Birmingham International Airport
Situation

The property is located approximately 3 miles north-east of Birmingham City Centre and close to Junction 6 of the M6 Motorway (Spaghetti Junction). The estate is situated on Mount Street off the B4137 Cuckoo Road, which in turn links to the A34 Lichfield Road.

Tenure

Long Leasehold. Held for a term of 125 years from 25th December 1990 until 24th December 2115 at a rent of £12,500 or 12.5% of net rent received, whichever is the higher.

Description

The property comprises 10 self-contained industrial/workshop units within two terraces. Each unit benefits from an approximate eaves height of 6.5 metres, on-site parking and up and over loading doors. The property has a total approximate site area of 0.62 hectares (1.53 acres).

Six Week Completion (subject to landlord’s consent to assign)

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises 10 self-contained industrial/workshop units within two terraces. Each unit benefits from an approximate eaves height of 6.5 metres, on-site parking and up and over loading doors. The property has a total approximate site area of 0.62 hectares (1.53 acres).

Six Week Completion (subject to landlord’s consent to assign)

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Unit 1 Industrial
116.12 sq m
(1,250 sq ft)
AIR PRODUCTS PLC (1) (2) 25 years from 01/08/1991 £11,000 01/08/2011 (31/07/2016)
Unit 2 Industrial
116.12 sq m
(1,250 sq ft)
OZONE COURIERS LIMITED 5 years from 26/04/2010 £7,000 (3) (25/04/2015)
Unit 3 Industrial
116.12 sq m
(1,250 sq ft)
VACANT POSSESSION      
Unit 4 Industrial
218.32 sq m
(2,350 sq ft)
DELTEC INTERNATIONAL COURIER LIMITED (4) 10 years from 08/11/2004 £14,100 (07/11/2014) (5)
Unit 5 Industrial
116.12 sq m
(1,250 sq ft)
FARESHARE (6) 5 years from 24/06/2014 (7) £8,020 (23/06/2019)
Unit 6 Industrial
375.32 sq m
(4,040 sq ft)
ACADEMY SIGNS LIMITED 10 years from 01/03/2008 £20,200 28/02/2013 (28/02/2018)
Unit 7 Industrial
375.32 sq m
(4,040 sq ft)
FARESHARE (6) 5 years from 24/06/2014 (7) £18,517 (8) (23/06/2019)
Unit 8 Industrial
375.32 sq m
(4,040 sq ft)
THE JERICHO FOUNDATION 6 years from 21/06/2014 (9) £18,180 (20/06/2020)
Unit 9 Industrial
375.32 sq m
(4,040 sq ft)
THE JERICHO FOUNDATION 3 years from 25/01/2012 £18,180 (24/01/2015)
Unit 10 Industrial
375.32 sq m
(4,040 sq ft)
VACANT POSSESSION      
Totals
2,559.45 sq m
(27,550 sq ft) (10)
    £115,197 (gross)

(1) For the year ending 30/09/2013, Air Products PLC reported a turnover of £316,131,000, pre-tax profits of £57,693,000 and a total net worth of £410,621,000. (Source: www.riskdisk.com 12/11/2014)
(2) The tenant has sublet the property to UK Bottled Gas Limited.
(3) The landlord is holding a rent deposit for Unit 2 of £2,056.25.
(4) For the year ending 31/03/2013, Deltec International Courier Limited reported a turnover of £21,834,499, pre-tax profits of £2,927,164 and a total net worth of £4,121,133. (Source: www.riskdisk.com 12/11/2014
(5) The tenant is currently holding over and a new lease is being negotiated.
(6) For the year ending 31/03/2013, Fareshare reported a pre-tax profit of £224,610 and a total net worth of £580,119. (Source: www.riskdisk.com 12/11/2014)
(7) Tenant option to determine on 24 June 2017 following 6 months prior written notice.
(8) The landlord is holding a rent deposit for Unit 7 of £6,060.
(9) Tenant option to determine on 20th June 2016 and 20th June 2018 following 6 months’ prior written notice.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    87 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    2 MB
    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

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Seller's Solicitors
Brookstreet des Roche LLP 25 Milton Park
Abingdon
Oxfordshire
OX14 4SH
Justin Winterbottom 01235 836 700justin.winterbottom@bsdr.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now