Residential redevelopment potential with potential to add additional floors (subject to consents)
Car parking for approximately 11 cars
Lot 92
Auction 19th October 2017
Vacant Possession
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles north-west of Birmingham City Centre
9 miles south-east of Wolverhampton
Roads
A41, M5 (Junction 1)
Rail
Sandwell & Dudley Railway Station
Air
Birmingham International Airport
Situation
West Bromwich is a major town some 7 miles northwest of Birmingham City Centre. The property is situated on the west side of Lombard Street, some 50 metres to the north of High Street. Occupiers close by on High Street include Barclays, TSB and NatWest, together with the Astle Outlet Park where occupiers include B&M, Marks & Spencer, Gap, Nike and Trespass. There is a public car park close by on Lombard Street.
Tenure
Freehold.
Location
Miles
6 miles north-west of Birmingham City Centre
9 miles south-east of Wolverhampton
Roads
A41, M5 (Junction 1)
Rail
Sandwell & Dudley Railway Station
Air
Birmingham International Airport
Situation
West Bromwich is a major town some 7 miles northwest of Birmingham City Centre. The property is situated on the west side of Lombard Street, some 50 metres to the north of High Street. Occupiers close by on High Street include Barclays, TSB and NatWest, together with the Astle Outlet Park where occupiers include B&M, Marks & Spencer, Gap, Nike and Trespass. There is a public car park close by on Lombard Street.
Tenure
Freehold.
Description
The property comprises office accommodation on the ground, first and second floors. The property benefits from car parking for approximately 11 cars and may be suitable for residential redevelopment (subject to necessary consents). There is an electricity substation on the site.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Billy Struth. +44 (0)20 7034 4854.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises office accommodation on the ground, first and second floors. The property benefits from car parking for approximately 11 cars and may be suitable for residential redevelopment (subject to necessary consents). There is an electricity substation on the site.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Billy Struth. +44 (0)20 7034 4854.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (2) (Approx)
Tenant
Ground First Second
Office Office Office
825 sq m 973 sq m 973 sq m
(8,881 sq ft) (10,473 sq ft) (10,473 sq ft)
VACANT POSSESSION (1)
Totals
2,771 sq m
(29,827 sq ft)
(1) There is an electricity substation on site which is subject to a lease in favour of Western Power Distribution (West Midlands) Limited for a term of 25 years from 01/11/2005 at a currrent rent reserved of £400 p.a.x. and subject to rent review on 01/11/2020 and 2025. (2) Gross Internal Areas.
