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
    18/Oct/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
Important Property Update
  • 26 - 28 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 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.

Tenancy & Accommodation

Unit NoFloorUseFloor Areas (Approx)TenantCurrent occupier trading as TermRent p.a.xRateable
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

Property Documents

  • 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

Useful Links

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