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

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
14th February 2019
Rent
£29,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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 14th February 2019
Rent £29,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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.

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

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.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
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)	£29,500	25/12/2021 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.