100 Tyburn Rd Birmingham West Midlands B24 8LD

100 Tyburn Rd
Birmingham
West Midlands
B24 8LD

Prominent Freehold Builders Merchant/Industrial Investment close to the M6, with Development Potential (1)

Prominent Freehold Builders Merchant/Industrial Investment
Located on the busy Tyburn Road (A38)
Over 9,000 sq ft on a site of 0.9 acres with site coverage of 30%
Close to M6 motorway and 3 miles north of Birmingham City Centre
VAT-free investment

Lot
36
Auction
23rd September 2020
Rent
£55,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Prominent Freehold Builders Merchant/Industrial Investment close to the M6, with Development Potential (1)

Prominent Freehold Builders Merchant/Industrial Investment
Located on the busy Tyburn Road (A38)
Over 9,000 sq ft on a site of 0.9 acres with site coverage of 30%
Close to M6 motorway and 3 miles north of Birmingham City Centre
VAT-free investment

Lot 36
Auction 23rd September 2020
Rent £55,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3 miles north of Birmingham City Centre; 17 miles north west of Coventry
Roads: A38, M6, M42
Rail: Gravelly Hill Railway Station
Air: Birmingham International Airport

Situation

The property is prominently located on the busy Tyburn Road (A38), situated immediately adjacent to the M6 motorway approximately 3 miles north of Birmingham city centre. The property is located close to the M6/A38M & A38 junction. The property occupies a prominent corner location at the junction of the A38 and Hawkesyard Road. Nearby occupiers include Floors Direct, Red cube storage amongst other traders.

Tenure

Freehold.

Location

Miles: 3 miles north of Birmingham City Centre; 17 miles north west of Coventry
Roads: A38, M6, M42
Rail: Gravelly Hill Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises an industrial/warehouse building on a site of approximately 0.9 acres with an approximate site coverage of 30%. The warehouse benefits from 5.8m eaves height, roller shutter access, trade counter/showroom space, first floor office space and two surfaced concrete yards.

VAT

VAT is not applicable to this lot.

Planning

(1) The site may benefit from future redevelopment to a variety of uses including trade counter/ retail/storage/residential use, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Birmingham City Council (www.birmingham.gov.uk)

EPC

Band E. See legal pack.

Description

VAT

VAT is not applicable to this lot.

Planning

EPC

Band E. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Warehouse/Office Office	820.04 sq m 60.18 sq m	(8,827 sq ft) (648 sq ft)	SIG TRADING LIMITED (2) (tenant is not in occupation)	12 years from 23/12/2010 expiring 22/12/2022 on a full repairing and insuring lease subject to a schedule of condition	£54,570	22/12/2022
Total		880.22 sq m	(9,475 sq ft)			£54,570

(2) For the year ending 31st December 2018, SIG Trading Limited reported a turnover of 1,112,000,000, pre-tax profits of 2,000,000 and shareholders funds of 260,000,000 (source: SmartSearch 06/08/2020).
SIG trades from 425 trading sites across the UK and Ireland and Mainland Europe. (Source: www.sigplc.com)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.