133 / 134 High Street
Stourbridge
West Midlands
DY8 1DS

Attractive Town Centre Freehold Bank Investment

  • Town Centre High Street Location
  • Let to Lloyds Bank Plc until June 2026 (NO BREAKS)
  • Two Buildings interconnected comprising over 5,800 sq ft
  • VAT-Free Investment
  • Future alternative use potential (subject to consents)
  • Lot
    19
  • Auction
    25/Mar/2021
  • Rent
    £59,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
Important Update
  • 133 / 134 High Street<br>Stourbridge<br>West Midlands<br>DY8 1DS
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* More information on the term "price" can be found here

Property Information

Location
Miles
12 miles west of Birmingham city centre
9 miles south of Wolverhampton
Roads
A491, M5, M42
Rail
Stourbridge Junction
Air
Birmingham International Airport
Situation

Stourbridge forms part of the West Midlands conurbation, located 12 miles west of Birmingham city centre, 9 miles south of Wolverhampton and 5 miles south-west of Dudley. The town is located on the A458 which provides access to Birmingham and the M5, 7 miles to the east. The property is situated in the town centre on the western side of High Street, close to its junction with Coventry Street. At the junction of Coventry Street & High Street is a Tesco & Subway. Occupiers nearby include, Halifax, NatWest, Savers, William Hill, Post Office, Caffe Nero, Wilko, Corals & Greggs.

Tenure

Freehold.

Description

The property comprises a ground floor bank with ancillary accommodation at basement first and second floors.
The property formerly two separate buildings which are now interconnected.

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 Dudley Metropolitan Borough Council - www.dudley.gov.uk

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xNext Review/
Reversion
Ground
Basement
First
Second
Retail
Ancillary
Ancillary
Ancillary
273.46 sq m
64.31 sq m
137.63 sq m
70.69 sq m
(2,944 sq ft)
(692 sq ft)
(1,481 sq ft)
(761 sq ft)
LLOYDS BANK
PLC (1)
Term of years from
21/09/2010 expiring
23/06/2026 on a full
repairing and
insuring lease (2)
£59,00024/06/2021
(23/06/2026)
Total
546.09 sq m
(5,878 sq ft)
  £59,000 

(1) For the year ending 31st December 2019, Lloyds Bank Plc reported a turnover of £21,664,000,000, a pre-tax profit of £3,474,000,000 and a total net worth of £34,585,000,000 (Source: NorthRow 25//02/2021)
(2) The 11 year lease from 21/09/2010 was extended in 2019 to expire on 23/06/2026

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.03.21
    File Size
    21 MB
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  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    914 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Lodders Solicitors Number 10 Elm Court, Arden Street
Stratford-upon-Avon
Warwickshire
CV37 6PA
Steven Baker 01789 206115steven.baker@lodders.co.uk

Useful Links

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