4 Wrens Court, 60 Victoria Road
Sutton Coldfield
Birmingham
B72 1SY

Long Leasehold Office Investment

  • Town centre location
  • Purpose built office with car parking
  • Let to WAA Chosen Limited
  • Close to multi storey car park
  • Lot
    13
  • Auction
    14/Feb/2018
  • Rent
    £32,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £395,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Institution
  • 4 Wrens Court, 60 Victoria Road<br>Sutton Coldfield<br>Birmingham<br>B72 1SY
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Property Information

Location
Miles
7 miles north-east of Birmingham
8 miles west of Tamworth
9 miles south of Lichfield
Roads
A5127, A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation

The property is located in Sutton Coldfield town centre on Victoria Road, close to its junction with Lower Queen Street. Victoria Road multi storey car park is located close by and Gracechurch Shopping Centre is approximately 200 metres to the north-west. Sutton Coldfield railway station is 400 metres to the north. Nearby occupiers include HCB Solicitors, Central Law Training, Hydrop, Inform Accounting, TGI Fridays, TK Maxx and Halfords.

Tenure

Long Leasehold. Held from Birmingham City Council for a term of 125 years (less 10 days) from 11th November 1988 (approximately 95 years unexpired) at a peppercorn rent.

Description

The property provides a four storey office building and benefits from four car parking spaces. The tenant occupies the adjoining Unit No.5. The tenant has made alterations so that units 4 & 5 interconnect. Unit 5 is not included in the sale.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Birmingham City Council. www.birmingham.gov.uk

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Lower Ground
Ground
First
Second
Office
Office
Office
Office
34.7 sq m
95.1 sq m
95.1 sq m
68.5 sq m
(373 sq ft)
(1,024 sq ft)
(1,024 sq ft)
(737 sq ft)
WAA CHOSEN
LIMITED (1)
8 years from
08/07/2015 (2) on
a full repairing
and insuring
lease
£32,5002020
(2023) (2)
Total
293.4 sq m
(3,158 sq ft)
  £32,500 

(1) For the year ended 31st December 2016, WAA Chosen Limited reported a turnover of £2,677,029, pre-tax profits of £201,745 and a total net worth of £421,361 (Source: Experian 12/01/2018). Website: www.waachosen.co.uk
Founded in 1986, WAA Chosen Limited is one of the UK’s most respected independent [marketing and advertising agencies] (Source: www.waachosen.co.uk).
(2) Tenant’s option to break in 2020 upon 6 months’ prior written notice.

Property Documents

  • Site Plan
    Updated Date
    23.01.18
    File Size
    685 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    820 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Coley & Tilley Solicitors Neville House, 14 Waterloo Street
Birmingham
B2 BUF
Grahame Griffiths +44 (0)121 643 5531gg@coleyandtilley.co.uk

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