Barclays Bank
67 Cape Hill (A4092)
Smethwick
Birmingham
B66 4RZ

Freehold Bank Investment

  • Let to Barclays Bank Plc until 2027 (subject to option)
  • Prominent corner position in the heart of the town centre
  • 3 miles west of Birmingham city centre
  • 200 metres from Windmills Shopping Centre with occupiers including Matalan, Shoe Zone, Iceland, Asda, Boots, PureGym and Home Bargains
  • Lot
    27
  • Auction
    14/Feb/2019
  • Rent
    £29,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • Barclays Bank<br>67 Cape Hill (A4092)<br>Smethwick<br>Birmingham<br>B66 4RZ
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* More information on the term "price" can be found here

Property Information

Location
Miles
3 miles west of Birmingham city centre, 11 miles south-east of Wolverhampton
Roads
Cape Hill (A4092), A456, M5, M6
Rail
Smethwick Rolfe Street Railway Station
Air
Birmingham International Airport
Situation

Smethwick is a popular and cosmopolitan suburb of Birmingham. The property is prominently located in a corner position on the junction of Cape Hill and Salisbury Road, approximately 200 metres from Windmills Shopping Centre with occupiers including Matalan, Shoe Zone, Iceland, Asda, Boots, PureGym and Home Bargains. Cape Hill is a busy local shopping street with an eclectic mix of local occupiers.

Tenure

Freehold.

Description

The property comprises a Grade II listed building with ground floor banking hall, first and second floor ancillary accommodation and basement strongroom. The property benefits from car parking to the rear. The property may be suitable for long term residential conversion of the upper parts (Subject to the necessary consents).

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
First
Second
Basement
Banking Hall
Ancillary
Ancillary
Strongroom
172.30 sq m
130.95 sq m
55.76 sq m
42.75 sq m
(1,854 sq ft)
(1,409 sq ft)
(600 sq ft)
(460 sq ft)
BARCLAYS
BANK PLC (1)
20 years from
13/12/2007 until
12/12/2027 on a full
repairing and
insuring lease (2)
£29,50025/12/2021
and
25/12/2026
Totals
401.76 sq m
(4,323 sq ft)
  £29,500 

(1) For the year ending 31st December 2017, Barclays Bank Plc reported a turnover of £8,775,000,000, pre-tax profits of £3,166,000,000 and a total net worth of £60,829,000,000 (Source: Experian Group 16/01/2019).
(2) The lease is subject to a schedule of condition and a tenant option to determine on 13/12/2022.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.02.19
    File Size
    16 MB
    Login to View
  • Site Plan
    Updated Date
    07.05.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    07.05.19
    File Size
    661 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 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
Clark Brookes Turner Carey Solicitors 3rd Floor, Guardian House, Cronehills Linkway
West Bromwich
B70 8GS
Neil Mocroft 0121 553 2576neil.mocroft@cbtcsolicitors.co.uk

Useful Links

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