181 to 185 Stratford Road
Shirley, Solihull
West Midlands
B90 3AU

Freehold Retail Parade and Residential Investment

  • Tenants include The Works Stores Limited, Barnardo’s and Connells
  • Busy and affluent Birmingham suburb
  • Directly opposite Parkgate Shopping Centre, with occupiers including Prezzo, JD Wetherspoon, Pizza Express, Superdrug, Asda and Ponden Home
  • Other neighbouring occupiers include Nando’s, Halifax, TUI, Costa Coffee, Scrivens Optician and Barclays Bank
  • Lot
    48
  • Auction
    05/Dec/2018
  • Rent
    £102,720 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,250,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 181 to 185 Stratford Road<br>Shirley, Solihull<br>West Midlands<br>B90 3AU
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
2 miles west of Solihull town centre
5 miles south of Birmingham city centre
13 miles east of Coventry
15 miles north-west of Royal Leamington Spa
15 miles north of Stratford-upon-Avon
Roads
A34, M42, M40, M6
Rail
Shirley Railway Station, Solihull Station
Air
Birmingham International Airport
Situation

The property is prominently located on the eastern side of the busy Stratford Road (A34), directly opposite the entrance to the modern Parkgate Shopping Centre, with major national multiple occupiers including Prezzo, Pizza Express, Superdrug, Asda and Ponden Home. Other neighbouring occupiers include Nando’s, Halifax, TUI, Costa Coffee, Scrivens Optician and Barclays Bank.

Tenure

Freehold.

Description

The property comprises three ground floor retail units and 2 x two bedroom flats on the first floor. The flats are accessed from the rear of the property and benefit from two car parking spaces at the rear.

VAT

VAT is applicable to this lot.

Note

179 Stratford Road is being offered as Lot 24. 187 Stratford Road is being offered as Lot 45. 189 Stratford Road is being offered as Lot 38.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.x Review/
(Reversion)
181GroundRetail
76.64 sq m
(825 sq ft)
BARNARDO’S (1)5 years from
29th September
2013 – holding
over (2)
£21,320Holding
over (2)
183GroundRetail
71.91 sq m
(774 sq ft)
CONNELLS
RESIDENTIAL t/a
Burchell Edwards
(3)
10 years from
3rd September
2012
£22,70003/09/2017
(02/09/2022)
185GroundRetail
200.20 sq m
(2,155 sq ft)
THE WORKS
STORES LIMITED
(4)
10 years from
10th May 2018
until 2028 (5)
£42,50010/05/2023
(09/05/2028)
181 to 185
Flat 1a
First2
bedroom
flat
77.57 sq m
(835 sq ft)
INDIVIDUALAssured
Shorthold
Tenancy 1 year
from 30/07/2018
£8,100 
181 to 185
Flat 1b
First2
bedroom
flat
77.57 sq m
(835 sq ft)
INDIVIDUALAssured
Shorthold
Tenancy 1 year
from 13/07/2018
£8,100 
Total
503.89 sq m
(5,424 sq ft)
  £102,720 

(1) Barnardo’s is a registered children’s charity (registered charity number 216250) that has been in existence for over 150 years. For the year ending 31st March 2017, Barnardo’s reported tangible asset of £41,222,000 (Barnardo’s annual report and account 2016 to 2017).
(2) As to unit 181 let to Barnardo’s, the Landlord has served a section 25 notice quoting a rent of £25,000 per annum exclusive.
(3) For the year ending 31st December 2017, Connells Residential reported a turnover of £99,631,000, pre-tax profits of £10,807,000 and a total net worth of £11,009,000 (Experian 08/11/2018).
(4) For the year ending 29th April 2018, The Works Stores Limited reported a turnover of £192,100,000, pre-tax profits of £7,537,000 and a total net worth of £29,273,000 (Experian 08/11/2018).
(5) As to Unit 185, the lease provides for a tenant option to determine the lease on 9th May 2023 and a rent free period of 3 months if the tenant does not exercise the option to determine.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.11.18
    File Size
    36 MB
    Login to View
  • Site Plan
    Updated Date
    13.11.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.18
    File Size
    1 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Cearns Kay Apsley House, 176 Upper Richmond Road
London
SW15 2SH
Peter Kay 0203 174 1233peter.kay@cearnskay.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now