Approximately 24,204 sq ft with 90 car parking spaces
Highly sought after business location – nearby occupiers include Birmingham City Council and NSPCC
In the same ownership for over 25 years
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 47
Auction 23rd March 2016
Rent £200,000 per Annum Exclusive
Status Sold
Price £1,400,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
1 mile west of Birmingham City Centre
Roads
A38 (Aston Expressway), M5, M6, M42
Rail
Five Ways Railway Station, Birmingham New Street & Snow Hill Railway Stations
Air
Birmingham International Airport
Situation
The property occupies a prominent position on the south side of Hagley Road (A456), opposite its junction with Portland Road, approximately 1 mile west of Birmingham city centre. Hagley Road is a sought after business location, housing occupiers including Zurich Insurance, Royal College of Nursing, Thistle Hotel, Birmingham Marriott Hotel, The Italian Consulate, Ask Italian and TGI Friday’s.
Tenure
Long Leasehold. Long Leasehold. Held for a term of 98 years from 29th September 1961 at a
fixed rent of £500 per annum exclusive.
Location
Miles
1 mile west of Birmingham City Centre
Roads
A38 (Aston Expressway), M5, M6, M42
Rail
Five Ways Railway Station, Birmingham New Street & Snow Hill Railway Stations
Air
Birmingham International Airport
Situation
The property occupies a prominent position on the south side of Hagley Road (A456), opposite its junction with Portland Road, approximately 1 mile west of Birmingham city centre. Hagley Road is a sought after business location, housing occupiers including Zurich Insurance, Royal College of Nursing, Thistle Hotel, Birmingham Marriott Hotel, The Italian Consulate, Ask Italian and TGI Friday’s.
Tenure
Long Leasehold. Long Leasehold. Held for a term of 98 years from 29th September 1961 at a
fixed rent of £500 per annum exclusive.
Description
The property comprises an office building arranged over four floors with car parking for approximately 90 cars. The property occupies a large site of about 0.49 hectares (1.21 acres).
Six Week Completion
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an office building arranged over four floors with car parking for approximately 90 cars. The property occupies a large site of about 0.49 hectares (1.21 acres).
Six Week Completion
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
5 years from 25/12/2014 (2) on a full repairing and insuring lease
£200,000
(24/12/2019)
Totals
2,248.55 sq m
(24,204 sq ft)
£200,000
(1) For the year ending 31st March 2015, NHS Property Services Limited reported a turnover of £745,942,000, pre-tax profits of £-479,173,000 and a total net worth of £3,024,096,000 (Source: Experian Group 19/02/2015). We understand that the property is occupied by Birmingham Cross City Clinical Commissioning Group, who have the fourth largest population of all Clinical Commissioning Groups in England and have 100 member practices and Birmingham South Central Clinical Commissioning Group. (Source: www.bhamcrosscityccg.nhs.uk) (2) The lease is contracted outside the provisions of the Landlord and Tenant Act 1954.
