Fully let to Specsavers, Halifax Bank and a Charity Shop
Three shops totalling approximately 15,000 sq ft
Located in prime shopping area in Birmingham's largest suburban district
Close to Northfield Shopping Centre and other nearby occupiers such as Aldi, McDonald's, Iceland and Greggs.
Lot 30
Auction 31st March 2022
Rent £121,500 per Annum Exclusive
Status Sold
Price £890,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles south-west of Birmingham City Centre, 4 miles south-west of Edgbaston
Roads
A38, M5 (Junction 4), M42
Rail
Northfield (18 minutes to Birmingham New Street)
Air
Birmingham International Airport
Situation
Northfield is one of Birmingham's largest suburbs, 6 miles south-west of the City Centre. Northfield is a popular commuter centre with excellent transport links to the City Centre with six trains per hour into Birmingham New Street from Northfield Station, taking approximately 18 minutes. There are also numerous bus routes into the City Centre whilst the area benefits from excellent road links with the A38 linking Northfield directly with Birmingham City Centre.
The property is located on Bristol Road South, Northfield’s prime shopping street, which is focused to the northern end by the 165,000 sq ft Northfield Shopping Centre, home to one of the areas main car parks (600 spaces). Nearby occupiers include Aldi, McDonald's, Iceland and Greggs.
Tenure
Freehold.
Location
Miles
6 miles south-west of Birmingham City Centre, 4 miles south-west of Edgbaston
Roads
A38, M5 (Junction 4), M42
Rail
Northfield (18 minutes to Birmingham New Street)
Air
Birmingham International Airport
Situation
Northfield is one of Birmingham's largest suburbs, 6 miles south-west of the City Centre. Northfield is a popular commuter centre with excellent transport links to the City Centre with six trains per hour into Birmingham New Street from Northfield Station, taking approximately 18 minutes. There are also numerous bus routes into the City Centre whilst the area benefits from excellent road links with the A38 linking Northfield directly with Birmingham City Centre.
The property is located on Bristol Road South, Northfield’s prime shopping street, which is focused to the northern end by the 165,000 sq ft Northfield Shopping Centre, home to one of the areas main car parks (600 spaces). Nearby occupiers include Aldi, McDonald's, Iceland and Greggs.
Tenure
Freehold.
Description
The parade comprises three well configured units; one large store and two smaller standard size shops each arranged on ground and first floors. The shops enjoy the benefit of rear servicing with access out onto Rochester Road.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
EPC
Community Transport - Band C.
Halifax Bank - Band C.
Specsavers - Band D.
Description
The parade comprises three well configured units; one large store and two smaller standard size shops each arranged on ground and first floors. The shops enjoy the benefit of rear servicing with access out onto Rochester Road.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
EPC
Community Transport - Band C.
Halifax Bank - Band C.
Specsavers - Band D.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
780/784 Bristol Road South
Ground First
Retail/Ancillary Ancillary
427.91 sq m 408.21 sq m
(4,606 sq ft) (4,394 sq ft)
COMMUNITY TRANSPORT (t/a CT Furniture Charity Shop) (1)
(1) CT Furniture trade from seven branches in the West Midlands and North East of England. (2)The lease is subject to a tenant option to determine on 21/02/2023 and 21/02/2024 (3) For the year to 31/12/2020, Bank of Scotland Plc reported a turnover of £7.7 billion, pre-tax profits of £883 million and shareholders funds of £13.38 billion - a part of Lloyds Banking Group. www.lloydsbank.com. Lloyds Bank PLC currently occupies 738 Lloyds Bank branches, 553 Halifax branches, and 184 Bank of Scotland branches. (4) For the year ending 29/02/2020, Specsavers Optical Superstores Limited reported a turnover of £696,410,000, pre-tax profits of £20,929,000 and total shareholder's equity of £86,047,000. www.specsavers.co.uk. Specsavers is a family run business employing over 38,000 people and occupy 2,293 stores worldwide. The tenant has been in occupation since at least 1999.
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.
