117 / 119 The Parade Sutton Coldfield West Midlands B72 1PU
117 / 119 The Parade Sutton Coldfield West Midlands B72 1PU
Freehold Bank Investment
Let to Bank of Scotland Plc
Approximately 6,559 sq ft
VAT-free bank investment
Close to The Gracechurch Shopping Centre and Newhall Walk Retail Park that houses retailers including Marks & Spencer, Sports Direct, TK Maxx, WHSmith, Next and Boots the Chemist
Lot 30
Auction 18th October 2018
Rent £83,000 per Annum
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Close to The Gracechurch Shopping Centre and Newhall Walk Retail Park that houses retailers including Marks & Spencer, Sports Direct, TK Maxx, WHSmith, Next and Boots the Chemist
Lot 30
Auction 18th October 2018
Rent £83,000 per Annum
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north-east of Birmingham
Roads
A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation
The property is located on the eastern side of The Parade, close to its junction with Queen Street in the heart of the town centre. Gracechurch Shopping Centre and Newhall Walk Retail Park are both located close by, housing occupiers such as Marks & Spencer, Sports Direct, TK Maxx, WHSmith, Next, Boots the Chemist and Halfords. Other nearby occupiers include Aldi, Pizza Express, Ask Restaurant, Lloyds TSB and JD Wetherspoon.
Tenure
Freehold.
Location
Miles
7 miles north-east of Birmingham
Roads
A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation
The property is located on the eastern side of The Parade, close to its junction with Queen Street in the heart of the town centre. Gracechurch Shopping Centre and Newhall Walk Retail Park are both located close by, housing occupiers such as Marks & Spencer, Sports Direct, TK Maxx, WHSmith, Next, Boots the Chemist and Halfords. Other nearby occupiers include Aldi, Pizza Express, Ask Restaurant, Lloyds TSB and JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a double-fronted banking hall on the ground floor, with office/ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
EPC
D
Description
The property comprises a double-fronted banking hall on the ground floor, with office/ancillary accommodation on the first and second floors.
15 years from 14/11/2007 on a full repairing and insuring lease
£83,000
Total
609.35 sq m
(6,559 sq ft)
£83,000
(1) Bank of Scotland Plc is a wholly owned subsidiary of Lloyds Banking Group Plc, which operates from the high street fascias of Lloyds Bank, Halifax and Bank of Scotland. For the year ending 31st December 2017, Lloyds Banking Group Plc reported pre-tax profits of £5,275,000,000 and a total net worth of £43,998,000,000 (Sources www.lloydsbankinggroup.com and Experian Group 20/09/2018).
