152/155 High Street Blackheath West Midlands B65 0EA

  • 152/155 High Street<br>Blackheath<br>West Midlands<br>B65 0EA

152/155 High Street
Blackheath
West Midlands
B65 0EA

Freehold Bank Investment

  • Entirely let to Lloyds Bank plc
  • Renewed 10 year lease until June 2022 (subject to option)
  • Prominent Town Centre location
  • Large self-contained flat included within the lease
  • Neighbouring occupiers include Boots the Chemist, Betfred, NatWest, Heron Foods and Blackheath Library
  • Lot
    44
  • Auction
    23rd October 2014
  • Rent
    £22,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £350,000
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Bank Investment

  • Entirely let to Lloyds Bank plc
  • Renewed 10 year lease until June 2022 (subject to option)
  • Prominent Town Centre location
  • Large self-contained flat included within the lease
  • Neighbouring occupiers include Boots the Chemist, Betfred, NatWest, Heron Foods and Blackheath Library
  • Lot 44
  • Auction 23rd October 2014
  • Rent £22,500 per Annum Exclusive
  • Status Sold
  • Price £350,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
6 miles west of Birmingham
4 miles south-west of West Bromwich
9 miles south of Wolverhampton
Roads
A4100, A4034, M5 (Junction 2)
Rail
Rowley Regis
Air
Birmingham International Airport
Situation

The property is prominently situated on the north side of the High Street close to its junction with Beet Street. Neighbouring occupiers include Boots the Chemist, Betfred, NatWest, Heron Foods and Blackheath Library, with Wilkinson and Iceland also nearby. Immediately to the rear of the property is a public pay and display car park.

Tenure

Freehold.

Location
Miles
6 miles west of Birmingham
4 miles south-west of West Bromwich
9 miles south of Wolverhampton
Roads
A4100, A4034, M5 (Junction 2)
Rail
Rowley Regis
Air
Birmingham International Airport
Situation

The property is prominently situated on the north side of the High Street close to its junction with Beet Street. Neighbouring occupiers include Boots the Chemist, Betfred, NatWest, Heron Foods and Blackheath Library, with Wilkinson and Iceland also nearby. Immediately to the rear of the property is a public pay and display car park.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation and a self-contained residential flat on the first floor, which is accessed from the rear. The property benefits from a substantial frontage to the High Street and car parking to the rear for approximately 12 cars.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

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

Description

The property comprises a ground floor banking hall with ancillary accommodation and a self-contained residential flat on the first floor, which is accessed from the rear. The property benefits from a substantial frontage to the High Street and car parking to the rear for approximately 12 cars.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

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
Ground
First
First		 Banking Hall/Ancillary
Ancillary
Residential
202.30 sq m
83.90 sq m
Self-Contained Flat
(2,178 sq ft)
(903 sq ft)
 LLOYDS BANK PLC (1) 10 years from 24/06/2012 until 2022 on a full repairing and insuring lease (2) £22,500 24/06/2017
Totals  
286.20 sq m
(3,081 sq ft)
     £22,500  

(1) For the year ending 31/12/2013, Lloyds Bank plc reported pre-tax profits of £894,000,000 and a total net worth of £34,109,000,000.
(Source: www.riskdisk.com 19th August 2014)
(2)The lease, which was a renewal of a previous lease, provides for a tenant option to determine the lease on 23rd June 2017.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Romain Coleman Solicitors 185A Hoe Street
London
E17 3AP
Chris Baldwin 0208 520 4555chris.baldwin@romcolelaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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