174/176 High Street and 1A South Street Harborne Birmingham B17 9PP

174/176 High Street and 1A South Street
Harborne
Birmingham
B17 9PP

Freehold Retail, Office and Dance Studio Investment

  • Entirely let to Coral Estates Ltd
  • High Street location just 1 mile from the University of Birmingham
  • Nearby occupiers include Caffè Nero, Pizza Express, Waitrose, Subway and Lloyds Pharmacy
  • Car Park at Rear
  • 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
    63
  • Auction
    11th February 2016
  • Rent
    £86,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail, Office and Dance Studio Investment

  • Entirely let to Coral Estates Ltd
  • High Street location just 1 mile from the University of Birmingham
  • Nearby occupiers include Caffè Nero, Pizza Express, Waitrose, Subway and Lloyds Pharmacy
  • Car Park at Rear
  • 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 63
  • Auction 11th February 2016
  • Rent
  • Status Sold Prior
  • Price  
  • 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-west of Birmingham, 7 miles south-east of Dudley and 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham) Rail
Air
Birmingham International Airport
Situation

The property is situated in the popular area of Harborne, 4 miles south-west of Birmingham city centre and 1 mile north-west of The University of Birmingham. The property sits on the southern side of the High Street at its junction with South Street. Nearby occupiers include Caffè Nero, Pizza Express, Waitrose, Subway, and Lloyds Pharmacy.

Tenure

Freehold.

Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley and 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham) Rail
Air
Birmingham International Airport
Situation

The property is situated in the popular area of Harborne, 4 miles south-west of Birmingham city centre and 1 mile north-west of The University of Birmingham. The property sits on the southern side of the High Street at its junction with South Street. Nearby occupiers include Caffè Nero, Pizza Express, Waitrose, Subway, and Lloyds Pharmacy.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with a first and second floor dance studio and separate first floor office accommodation. The property benefits from a car park to the rear for approximately 10 cars.

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 two ground floor retail units with a first and second floor dance studio and separate first floor office accommodation. The property benefits from a car park to the rear for approximately 10 cars.

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
174 Ground Retail/Ancillary
74.90 sq m
(807 sq ft)
CORAL
ESTATES LTD
(1) (2)
25 years from
24/06/1992 on a full
repairing and insuring
lease
£86,000 23/06/2017
176 Ground Retail/Ancillary
107.7 sq m
(1,160 sq ft)
  First Office
115.70 sq m
(1,245 sq ft)
  First Dance Studio
75.30 sq m
(810 sq ft)
  Second Dance Studio
42.20 sq m
(454 sq ft)
  Totals  
415.80 sq m
(4,476 sq ft)
    £86,000

(1) For the year ending 27th September 2014, Coral Estates Ltd reported a turnover of £22,156,000, pre-tax profits of £529,000 and a total net worth of £22,296,000. (Source: Experian Group 17/12/2015)
(2) The tenant has sublet 176 High Street and the dance studio accommodation. 174 High Street and the first floor office accommodation are currently unoccupied.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    639 KB
    View PDF
  • Site Plan
    Updated Date
    14.11.19
    File Size
    81 KB
    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

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

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

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