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
    18/Oct/2018
  • Rent
    £83,000 per Annum
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 117 / 119 The Parade<br>Sutton Coldfield<br>West Midlands<br>B72 1PU
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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.

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
First
Second
Banking Hall/Ancillary
Offices/Ancillary
Ancillary (restricted
access)
294.03 sq m
282.42 sq m
32.90 sq m
(3,165 sq ft)
(3,040 sq ft)
(354 sq ft)
BANK OF
SCOTLAND
PLC (1)
t/a Halifax Bank
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).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.10.18
    File Size
    20 MB
    Login to View
  • Site Plan
    Updated Date
    26.09.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    827 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Paschalis Law Prospect House, 2 Athenaeum Road, Whetstone
London
N20 9AE
Costas Paschalis 0330 311 2910costas@paschalislaw.com

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