7 Shirley Road Acocks Green Birmingham B27 7XU

7 Shirley Road
Acocks Green
Birmingham
B27 7XU

Freehold Retail Investment

Entirely let to British Heart Foundation
Popular and affluent Birmingham suburb
Sought after location on primary retail thoroughfare
Nearby occupiers include HSBC, Costa Coffee, Subway, Argos and Lloyds TSB Bank
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
41
Auction
26th March 2015
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£504,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint LPA Receivers

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Freehold Retail Investment

Entirely let to British Heart Foundation
Popular and affluent Birmingham suburb
Sought after location on primary retail thoroughfare
Nearby occupiers include HSBC, Costa Coffee, Subway, Argos and Lloyds TSB Bank
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 41
Auction 26th March 2015
Rent £50,000 per Annum Exclusive
Status Sold
Price £504,000
Sector
High Street Retail
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 of Birmingham city centre, 5 miles north-west of Solihull, 15 miles west of Coventry
Roads: A41, A34, A38, M6 (Junction 6), M42 (Junction 5)
Rail: Acocks Green Railway Station
Air: Birmingham International Airport

Situation

Acocks Green is a popular suburb located approximately 5 miles south-east of Birmingham city centre. The property is situated on Shirley Road, close to its junction with Warwick Road (A41), Acocks Green’s main shopping area. Nearby occupiers include HSBC, Costa Coffee, Subway, Argos and Lloyds TSB.

Tenure

Freehold.

Location

Miles: 4 miles south of Birmingham city centre, 5 miles north-west of Solihull, 15 miles west of Coventry
Roads: A41, A34, A38, M6 (Junction 6), M42 (Junction 5)
Rail: Acocks Green Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary mezzanine and first floors.

6 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 available here.

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.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground Mezzanine First	Retail/Ancillary Ancillary Ancillary	539.40 sq m 29.90 sq m 493.40 sq m	(5,806 sq ft) (322 sq ft) (5,311 sq ft)	BRITISH HEART FOUNDATION (1)	10 years from 18/05/2010 on a full repairing and insuring lease	£50,000	18/05/2015 (17/05/2020)
Totals		1,062.70 sq m	(11,439 sq ft)			£50,000

(1) British Heart Foundation is a leading UK registered charity established in 1961 that currently operate over 700 retail outlets nationwide. (Source: www.bhf.org.uk 25/02/2015)