26 - 28 Birmingham Road Sutton Coldfield West Midlands B72 1QQ

26 - 28 Birmingham Road
Sutton Coldfield
West Midlands
B72 1QQ

Freehold Ground Rent Investment with Valuable Reversion in 2021

Ground rent investment let until 2021
Two retail units with three bed residential flat
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 £18.25 p.a.x with rateable value for commercial units of £39,250

Lot
17
Auction
18th October 2018
Rent
£18 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Cambridge College

Important Update Interested?

Expand
Photos
Map

Freehold Ground Rent Investment with Valuable Reversion in 2021

Ground rent investment let until 2021
Two retail units with three bed residential flat
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 £18.25 p.a.x with rateable value for commercial units of £39,250

Lot 17
Auction 18th October 2018
Rent £18 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

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.

Location

Miles: 7 miles north-east of Birmingham
Roads: A452, M1, M6
Rail: Sutton Coldfield
Air: Birmingham International

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units which are currently used as restaurants with first floor ancillary accommodation at unit 28. 26a comprises a self contained three bedroom residential flat.

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.

Description

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 No	Floor	Use	Floor Areas (Approx)		Tenant	Current occupier trading as	Term	Rent p.a.x	Rateable Value (3)
No 26 No 26a No 28	Ground First Ground & First	Retail & Ancillary Residential Retail & Ancillary	203.09 sq m 83.03 sq m 133.02 sq m (GIA)	(2,186 sq ft) (894 sq ft) (1,432 sq ft) (GIA)	ROMAR INVESTMENTS LTD (2)	Bodega Cantina Sangria Spanish Restaurant	99 years expiring 18/03/2021	£18.25	£27,250 £12,000
Total			419.14 sq m	(4,512 sq ft)				£18.25

(1) A measured survey with a breakdown of the areas is available to view in the legal pack..
(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