The Prince of Wales Public House 84/85 Cambridge Street Birmingham B1 2NP

The Prince of Wales Public House
84/85 Cambridge Street
Birmingham
B1 2NP

Freehold Public House Investment

Let to Punch Taverns (PTL) Ltd (on Assignment with AGA) from Punch Taverns (VPR) Limited until 2021
Central Birmingham location
Adjacent to the ICC and Birmingham Symphony Hall
100 metres from Birmingham National Indoor Arena

Lot
3
Auction
23rd February 2012
Rent
£39,000 per Annum Exclusive
Status
Sold
Price
£420,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of the Governors of the Schools of King Edward the Sixth in Birmingham

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Freehold Public House Investment

Let to Punch Taverns (PTL) Ltd (on Assignment with AGA) from Punch Taverns (VPR) Limited until 2021
Central Birmingham location
Adjacent to the ICC and Birmingham Symphony Hall
100 metres from Birmingham National Indoor Arena

Lot 3
Auction 23rd February 2012
Rent £39,000 per Annum Exclusive
Status Sold
Price £420,000
Sector
Public House
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of the Governors of the Schools of King Edward the Sixth in Birmingham

Property Information

Location

Miles: 100m from Birmingham National Indoor Arena, 700m from Birmingham Town Hall, 1 mile from Birmingham city centre
Roads: M6, M5, A38, A4540, A456, A457
Rail: Five Ways Rail, Birmingham New Street Rail, Birmingham Snow Hill Rail, Birmingham Jewellery Quarter Rail
Air: Birmingham International

Situation

The property is situated to the west of Birmingham city centre, close to the A38 and A456, providing excellent access to the city’s ring road. The property is located close to the Birmingham International Convention Centre, National Indoor Arena and Brindleyplace as well as a densely populated residential area.

Tenure

Freehold.

Location

Miles: 100m from Birmingham National Indoor Arena, 700m from Birmingham Town Hall, 1 mile from Birmingham city centre
Roads: M6, M5, A38, A4540, A456, A457
Rail: Five Ways Rail, Birmingham New Street Rail, Birmingham Snow Hill Rail, Birmingham Jewellery Quarter Rail
Air: Birmingham International

Situation

Tenure

Freehold.

Description

The property comprises a traditional public house building with public house accommodation on the ground floor and an office and three room residential accommodation on the first floor. The property also benefits from basement ancillary accommodation. There is also a second floor which is currently unused.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second Basement	Public House Office/Residential Residential Ancillary	152.7 sq m 140.3 sq m 140.3 sq m 31.4 sq m	(1,644 sq ft) (1,511 sq ft) (1,511 sq ft) (338 sq ft)	PUNCH PARTNERSHIPS (PTL) LIMITED on assignment with AGA (1)(2)(3)	25 years from 25/03/1996 until 2021 on a full repairing and insuring lease	£39,000	2011 and 2016
Ground First Second Basement	Public House Office/Residential Residential Ancillary	152.7 sq m 140.3 sq m 140.3 sq m 31.4 sq m				£39,000	2011 and 2016
Totals		464.7 sq m	(5,004 sq ft)			£39,000

(1) Punch aims to become the UK’s highest quality, most trusted and best value leased pub company with a portfolio of around 5,000 nationwide, ranging from quality pub restaurants to traditional drink led locals. (Source: www.punchtaverns.com 19/01/2012)

(2) The tenant has been sub-let the property.

(3) The lease is on assignment with an AGA from Punch Taverns (VPR) Limited whose parent company is Punch Taverns (FH) Limited and ultimate parent company is Punch Taverns plc.