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 25th March 2021
Rent £59,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue Live Streamed Auction
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.
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
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
Term of years from 21/09/2010 expiring 23/06/2026 on a full repairing and insuring lease (2)
£59,000
24/06/2021 (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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
