14 - 14d Birmingham Road
Sutton Coldfield
West Midlands
B72 1QQ

Freehold Ground Rent Investment with Valuable Reversion in 2021

  • Ground rent investment let until 2021
  • Comprises four retail units, three with upper parts
  • Forms part of popular retail parade to be sold as eight separate lots (11-18)
  • Valuable Reversions to be realised in 2021
  • Development potential (subject to consents)
  • Current rent £7.08 p.a.x with rateable value of £64,300
  • Lot
    13
  • Auction
    18/Oct/2018
  • Rent
    £7 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Cambridge College
Important Property Update
  • 14 - 14d Birmingham Road<br>Sutton Coldfield<br>West Midlands<br>B72 1QQ
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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

Sutton Coldfield is an affluent suburb some 7 miles north-east of Birmingham city centre. The property occupies a prominent position on Birmingham Road (A5127), the main arterial route between Sutton Coldfield town centre and the A38(M) and M6 Motorway. The property is located less than five minutes’ walk south of the Gracechurch Shopping Centre. Other nearby occupiers including Lloyds Bank, Oxfam, Pizza Express, Nando’s, Slug & Lettuce and Empire Cinema. Sutton Cottage Hospital is also located opposite.

Tenure

Freehold.

Description

The property comprises 4 ground floor retail units with ancillary accommodation at first floor above three units. 14d benefits from second floor ancillary accommodation.

The property forms part of a parade which is being offered in eight separate lots (11-18).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit NoFloorUseFloor Areas (Approx)TenantCurrent occupier trading asTermRent p.a.xRateable
Value (3)
No 14


No 14a


No 14b/c


No 14d
Ground


Ground & First


Ground & First


Ground, First & Second
Retail


Retail &
Ancillary

Retail &
Ancillary

Retail &
Ancillary
70.4 sq m


84.45 sq m


326.56 sq m

101.23 sq m
(757 sq ft)


(909 sq ft)


(3,514 sq ft)

(1,089 sq ft)
KEENCLOUD
LIMITED (2)
Este Medical Group
Laser Clinic

Turkish Scissors


Vacant


Atkinson Jewellers
120 years expiring
24/03/2021
£7.08£13,000


£9,300


£25,000


£17,000
Total
  
512.24sqm
(5,512sqft)
   £7.08 

(1) A measured survey with a breakdown of the areas is available to view in the legal pack for all properties, save for unit 14
(2) We understand the property has been sublet - information of these sublettings can be found in the legal pack.
(3) Source: www.tax.service.gov.uk

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.10.18
    File Size
    27 MB
    Login to View
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    3 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    2 MB
    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
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Ashtons Legal Chequers House, 77 - 81 Newmarket Road
Cambridge
CB5 8EV
Magnus McManus 01223 431 086magnus.mcmanus@ashtonslegal.co.uk

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