Kingstanding Shopping Centre
Kingstanding Road
Birmingham
West Midlands
B44 9HH

Freehold Shopping Centre Investment with Development Potential (subject to consents)

  • Shopping scheme comprising 23 units on a 1.976 acre site
  • Tenants include Farmfoods, Domino's, Card Factory and YMCA
  • Rooftop car park with approximately 75 spaces
  • Strategic location on Kingstanding Rd/Kings Rd roundabout
  • Development potential (subject to consents)
  • Lot
    25
  • Auction
    11/Dec/2019
  • Rent
    £191,141 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,500,000
  • Sector
    Shopping Centre
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of a Major Fund Manager
Important Auction & Property Update
  • Kingstanding Shopping Centre<br>Kingstanding Road<br>Birmingham<br>West Midlands<br>B44 9HH
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
6 miles north of Birmingham city centre
4 miles south-west of Sutton Coldfield
Roads
M6 (Junctions 6 & 7)
Rail
Air
Birmingham International Airport
Situation

The property is located in the popular commuter suburb of Kingstanding, 6 miles north of Birmingham city centre. The property occupies a prominent corner position on the B4149 Kings Road and B4138 Kingstanding Road, fronting the Kingstanding Circle roundabout. The roundabout forms the main retailing area, with nearby occupiers include Mecca Bingo, Boots and Halifax.

Tenure

Freehold.

Description

The property comprises an open air shopping scheme comprising 23 retail units, including a supermarket, totalling approximately 48,003 sq ft arranged over basement, ground and first floors. The property benefits from a rooftop car park which provides parking for approximately 75 cars and is accessed via a ramp from Kingstanding Road. The total site has an approximate area of 1.976 acres (0.799 hectares).

VAT

VAT is applicable to this lot.

Note

A full tenancy schedule is available within the legal pack.

EPC

Available to download from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

UnitFloor Areas (Approx)TenantTermRent p.a.xReviews
The Supermarket
993.41 sq m
(10,693 sq ft)
FARMFOODS LIMITED
t/a Farmfoods (1)
56 years from 29/09/1966
until 28/09/2022
£60,000 
5
102.38 sq m
(1,102 sq ft)
SHIPLEY INVESTMENTS
LIMITED t/a Shipleys Amusements
10 years from 29/09/2014
until 28/09/2024
£15,50029/09/2019
13/14 & part 15
274.34 sq m
(2,953 sq ft)
SENSE, THE NATIONAL
DEAFBLIND AND RUBELLA
ASSOCIATION t/a Sense Charity Shop
10 years from 01/12/2017
until 30/11/2027 (2)
£25,00001/12/2022
16
128.39 sq m
(1,382 sq ft)
INDIVIDUAL (on assignment)
t/a News & Mags
5 years from 01/01/2015
until 31/12/2019
£15,000 
19
90.12 sq m
(970 sq ft)
DP REALTY LIMITED t/a Domino’s Pizza (3)20 years from 23/12/2003
until 22/12/2023
£20,00023/12/2018
23/24
232.82 sq m
(2,056 sq ft)
SPORTSWIFT LIMITED t/a Card Factory (4)5 years from 15/05/2013
(tenant holding over)
£18,000 
28
124.30 sq m
(1,338 sq ft)
HOMEPOINT ESTATE AGENTS LIMITED t/a Homepoint Estate Agents5 years from 03/11/2015
until 02/11/2020
£18,000 
29
142.51 sq m
(1,534 sq ft)
NAT COUNCIL YOUNG MENS CHRISTIAN ASSOCIATION t/a YMCA9 years from 04/12/2009
(tenant holding over)
£19,640 
Substation
-
-
WESTERN POWER DISTRIBUTION (WEST MIDLANDS) PLC99 years from 25/03/1996£1 
1-4, 6, 7/8, 9,
10/11, 12, Part 15,
17, 18, 20, 21/22,
25, 26, 27
2,413 sq m
(25,975 sq ft)
VACANT POSSESSION   
Total
4,459 sq m
(48,003 sq ft)
  £191,141 

(1) For the year ending 29th December 2018, Farmfoods Limited reported a turnover of £660,304,000, pre-tax profits of £12,101,000 and a total net worth of £102,879,000 (Source: Experian Group 14/11/2019).
(2) The lease provides a tenant option to determine 30/11/2022.
(3) For the year ending 30th December 2018, DP Realty Limited reported a turnover of £26,451,000, pre-tax profits of £823,000 and a total net worth of £4,002,000 (Source: Experian Group 14/11/2019).
(4) For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and a total net worth of £24,056,000 (Source: Experian Group 14/11/2019).

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    426 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    138 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
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regent Street
London
W1B 2AD
Alexy Pemberton 020 7355 6008alexy.pemberton@hamlins.com

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