Prominent corner location at the junction of the A4040, Yew Tree Lane and Hob Moor Road
Located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 40
Auction 11th February 2016
Rent £39,500 per Annum Exclusive
Status Sold Prior
Price
Sector Bank
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-east of Birmingham,15 miles north-west of Coventry, 28 miles north-east of Worcester
Roads
A45, M42 (Junction 7), M6 (Junction 4)
Rail
Tyseley Rail (10 minutes to Birmingham Snow Hill)
Air
Birmingham International Airport
Situation
The property is located in Yardley, a village located between Birmingham city centre and Birmingham International Airport. The property is situated on Church Road at the junction of the A4040, Yew Tree Lane and Hob Moor Road in the established Yew Tree retail area. The property is located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative. Other nearby occupiers include Subway, Iceland and Greggs.
Tenure
Freehold.
Location
Miles
4 miles south-east of Birmingham,15 miles north-west of Coventry, 28 miles north-east of Worcester
Roads
A45, M42 (Junction 7), M6 (Junction 4)
Rail
Tyseley Rail (10 minutes to Birmingham Snow Hill)
Air
Birmingham International Airport
Situation
The property is located in Yardley, a village located between Birmingham city centre and Birmingham International Airport. The property is situated on Church Road at the junction of the A4040, Yew Tree Lane and Hob Moor Road in the established Yew Tree retail area. The property is located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative. Other nearby occupiers include Subway, Iceland and Greggs.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with first floor office/ancillary accommodation benefiting from both internal and external access.
Six Week Completion
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.
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.
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 a ground floor banking hall with first floor office/ancillary accommodation benefiting from both internal and external access.
Six Week Completion
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.
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.
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
Ground First
Banking Hall/Ancillary Ancillary
292.30 sq m 136.80 sq m
(3,146 sq ft) (1,473 sq ft)
LLOYDS BANK PLC (1)
10 years from 24/06/2013 until 23/06/2023 (2)
£39,500
23/06/2018
Totals
429.10 sq m
(4,619 sq ft)
£39,500
(1) For the year ending 31st December 2014, Lloyds Bank Plc reported a pre-tax profit of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 18/12/2015) (2) The lease provides an option to determine the lease on 24/06/2018.
