962 Bristol Road South Northfield Birmingham West Midlands B31 2PE

  • 962 Bristol Road South<br>Northfield<br>Birmingham<br>West Midlands<br>B31 2PE

962 Bristol Road South
Northfield
Birmingham
West Midlands
B31 2PE

Freehold Ground Rent Investment

  • Highly reversionary Freehold Ground Rent
  • Let to St Ermins Property Company Ltd with 11 years unexpired
  • Valuable Reversion in 2035
  • Ground floor shop with ancillary basement and first floor
  • 0.03 Ha (0.08 Acres) site
  • Prominent roadside location
  • Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi
  • VAT Free Investment
  • Lot
    42
  • Auction
    25th September 2024
  • Rent
    £13 per Annum Exclusive
  • Status
    Available
  • Guide*
    £70,000
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Ground Rent Investment

  • Highly reversionary Freehold Ground Rent
  • Let to St Ermins Property Company Ltd with 11 years unexpired
  • Valuable Reversion in 2035
  • Ground floor shop with ancillary basement and first floor
  • 0.03 Ha (0.08 Acres) site
  • Prominent roadside location
  • Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi
  • VAT Free Investment
  • Lot 42
  • Auction 25th September 2024
  • Rent £13 per Annum Exclusive
  • Status Available
  • Guide* £70,000
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
6 miles south-west of Birmingham City Centre
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. The property is situated on the eastern side of Bristol Road South (A38), a principal arterial route connecting Birmingham with the M5 motorway, close to its junction with Great Stone Road. Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi and mix of local retailers restaurants and cafes.

Tenure

Freehold.

Location
Miles
6 miles south-west of Birmingham City Centre
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. The property is situated on the eastern side of Bristol Road South (A38), a principal arterial route connecting Birmingham with the M5 motorway, close to its junction with Great Stone Road. Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi and mix of local retailers restaurants and cafes.

Tenure

Freehold.

Description

The property comprises a site of 0.03 Ha (0.08 Acres) upon which sits a building providing ground floor retail accommodation and ancillary accommodation on the lower ground and first floors with a total approximate floor area of 112.46 sq. m. (1,210 sq. ft.) (Source: http://www.voa.gov.uk).

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a site of 0.03 Ha (0.08 Acres) upon which sits a building providing ground floor retail accommodation and ancillary accommodation on the lower ground and first floors with a total approximate floor area of 112.46 sq. m. (1,210 sq. ft.) (Source: http://www.voa.gov.uk).

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

Approx Site Area Ha Approx Site Area (Acres) Tenant Term Rent Reversion
0.03 (0.08) ST ERMINS PROPERTY COMPANY LIMITED 99 years from 25/12/1936
£13.50
25/12/2035

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.09.24
    File Size
    9 MB
    Login to View
  • Brochure
    Updated Date
    01.10.24
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Stevens & Bolton LLP Wey House, Farnham Road
Guildford
GU1 4YD
Joanne Purnell 01483 302264joanne.purnell@stevens-bolton.com  Laura Van Eyken +44 (0)1483 406982Laura.Vaneyken@stevens-bolton.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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