Rent reimbursed to the tenant by Primary Care Trust (2)
Includes car parking for approximately 14 cars
Potential residential redevelopment (subject to consent)
Six Week Completion Available
Lot 23
Auction 6th December 2012
Rent £32,510 per Annum Exclusive
Status Sold
Price £245,000
Sector Medical/Healthcare
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2 miles south-east of West Bromwich 3 miles north-west of Birmingham 13 miles south-east of Wolverhampton
Roads
A34, A41, M5, M6
Rail
The Hawthornes, Smethwick Rolfe Street,
Birmingham New Street
Air
Birmingham International Airport, East Midlands Airport
Situation
Handsworth is a diverse and popular residential suburb of Birmingham located between Birmingham and West Bromwich. The property is situated in a residential neighbourhood, on the east side of Crocketts Road which runs directly off the busy Holyhead Road (A41).
Tenure
Freehold.
Location
Miles
2 miles south-east of West Bromwich 3 miles north-west of Birmingham 13 miles south-east of Wolverhampton
Roads
A34, A41, M5, M6
Rail
The Hawthornes, Smethwick Rolfe Street,
Birmingham New Street
Air
Birmingham International Airport, East Midlands Airport
Situation
Handsworth is a diverse and popular residential suburb of Birmingham located between Birmingham and West Bromwich. The property is situated in a residential neighbourhood, on the east side of Crocketts Road which runs directly off the busy Holyhead Road (A41).
Tenure
Freehold.
Description
The property comprises a modern purpose built medical centre, with waiting rooms, consultancy rooms and ancillary accommodation on the ground floor. The property benefits from car parking for approximately 14 cars. The approximate total site area is 0.12 hectares (0.29 acres). There is potential to redevelop the site for residential use (subject to consent).
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 modern purpose built medical centre, with waiting rooms, consultancy rooms and ancillary accommodation on the ground floor. The property benefits from car parking for approximately 14 cars. The approximate total site area is 0.12 hectares (0.29 acres). There is potential to redevelop the site for residential use (subject to consent).
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
Review/(Reversion)
Ground
Waiting Rooms, Surgery and Office
238 sq m
(2,562 sq ft)
DR. RATI, DR. HARDING, DR. BUTLER & DR. HARRIS (1)
30 years from 16/03/1984, on a fully repairing and insuring lease
£32,510
(15/03/2014)
Totals
238 sq m
(2,562 sq ft)
£32,510
(1) The St James Medical Centre is part of the Heart of Birmingham Teaching Primary Care Trust area which is one of the four PCTs that make up The Birmingham and Solihull NHS Cluster, which receives over £2.3 billion per year to commission and provide health care for 1.2 million people. (Source www.nhs.uk/services 14/09/2012). For more information see www.vitalitypartnership.nhs.uk (2)We understand that the tenants as Registered General Practitioners qualify under The National Health Services Act 1977 The National Health Service (General Medical Services – Premises Costs) (England) Directions 2004 provides for the Primary Care Trust to reimburse for leasehold premises rental costs. A copy of the Directive is available in the legal pack.
