Future alternative use potential on the upper floors
Lot 13
Auction 11th February 2021
Rent £27,500 per Annum Exclusive
Status Sold
Price £477,000
Sector Bank
Auction Venue Live Streamed Auction
On Instructions of a Major Fund Manager
Property Information
Location
Miles
2 miles west of Solihull town centre
5 miles south of Birmingham city centre
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 Airport
Situation
Shirley is a predominantly residential suburb 2 miles west of Solihull city centre and 5 miles south of Birmingham city centre. The property is located on the east side of Stratford Road (A34) close to its junction with Solihull Road. Occupiers nearby include Holland & Barrett, West Brom, NatWest, Boots, Aldi, Iceland, Specsavers, Costa and a number of local traders.
Tenure
Freehold.
Location
Miles
2 miles west of Solihull town centre
5 miles south of Birmingham city centre
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 Airport
Situation
Shirley is a predominantly residential suburb 2 miles west of Solihull city centre and 5 miles south of Birmingham city centre. The property is located on the east side of Stratford Road (A34) close to its junction with Solihull Road. Occupiers nearby include Holland & Barrett, West Brom, NatWest, Boots, Aldi, Iceland, Specsavers, Costa and a number of local traders.
Tenure
Freehold.
Description
The property comprises a ground floor bank with ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Solihull Borough Council (www.solihull.gov.uk)
Completion Period
Six Week Completion
EPC
Band B. See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor bank with ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Solihull Borough Council (www.solihull.gov.uk)
Completion Period
Six Week Completion
EPC
Band B. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
First Second
Banking/ Ancillary Ancillary Ancillary
119.28 sq m
22.60 sq m 34.1 sq m
(1,284 sq ft)
(243 sq ft) (367 sq ft)
SANTANDER UK PLC (1)
5 years from 25/12/2020 (2) on a full repairing and insuring lease
£27,500
24/12/2025
Total
175.98 sq m
(1,894 sq ft)
£27,500
(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021). (2) There is a 3 month rent free period from 25/12/20. The Seller will top up the rent from completion of the sale until expiry of the rent free period, by way of an allowance on completion of the sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
