30 - 38 Birmingham Road Sutton Coldfield West Midlands B72 1QQ

30 - 38 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
  • 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 £28 p.a.x with rateable value of £49,500
  • Lot
    18
  • Auction
    18th October 2018
  • Rent
    £28 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 Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Ground Rent Investment with Valuable Reversion in 2021

  • Ground rent investment let until 2021
  • Comprises four retail units
  • 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 £28 p.a.x with rateable value of £49,500
  • Lot 18
  • Auction 18th October 2018
  • Rent
  • 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

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 four ground floor retail units.

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

The property comprises four ground floor retail units.

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 No Floor Use Floor Areas (Approx) Tenant Current occupier trading as Term Rent p.a.x Rateable
Value (3)
No 30


No 32-34


No 36


No 38
Ground


Ground &
Basement

Ground


Ground
Retail &
Ancillary

Retail &
Ancillary

Retail &
Ancillary

Retail &
Ancillary
60.60 sq m


74.59 sq m


66.53 sq m


60.58 sq m
(652 sq ft)


(153 sq ft)


(716 sq ft)


(653 sq ft)
SHEPLEY
PROPERTIES LTD
(2)






INDIVIDUAL (2)
Superior Barbers


Steve Morris & Son


Games Workshop


Just Perfect Nails
99 years expiring
18/03/2021    







99 years expiring
18/03/2021
£21.38    








£6.62
£11,500


£12,500


£12,500


£13,000
Total
   
2,623 sq m
(2,174 sq ft)
      £28.00  

(1) A measured survey with a breakdown of the areas is available to view in the legal pack for all properties, save for unit 30.
(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
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

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

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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