Long Leasehold Office Investment
Long Leasehold Office Investment
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, WAA, Central Law Training, Hydrop, Inform Accounting, TGI Fridays, TK Maxx and Halfords.
Long Leasehold. Held for a term of 125 years (less 10 days) from 11th November 1988 (approximately 95 years unexpired) at a peppercorn rent.
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, WAA, Central Law Training, Hydrop, Inform Accounting, TGI Fridays, TK Maxx and Halfords.
Long Leasehold. Held for a term of 125 years (less 10 days) from 11th November 1988 (approximately 95 years unexpired) at a peppercorn rent.
The property provides a four storey office building and benefits from four car parking spaces.
VAT is applicable to this lot.
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
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property provides a four storey office building and benefits from four car parking spaces.
VAT is applicable to this lot.
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
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Basement Ground First Second |
Office Office Office Office |
37.7 sq m 90.2 sq m 90.4 sq m 60.2 sq m |
(405 sq ft) (971 sq ft) (973 sq ft) (649 sq ft) |
GALVANIZERS ASSOCIATION (1) |
5 years from 25/12/2014 on a full repairing and insuring lease |
£31,500 (2) | 2019 |
| Total |
278.5 sq m |
(2,998 sq ft) |
£31,500 (2) | ||||
(1) Galvanizers Association is the representational body for the hot dip galvanizing industry in the UK and the Republic of Ireland........since it was first established in 1949 (Source: www.galvanizing.org.uk).
(2) Rent increased from £26,000 at 2017 rent review.
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