794-798 Bristol Road South Northfield Birmingham B31 2NP

794-798 Bristol Road South
Northfield
Birmingham
B31 2NP

Freehold Bank Investment

Entirely let to Lloyds Bank plc
Prominent corner position on busy retailing thoroughfare
Nearby occupiers include Barclays Bank, HSBC, Boots, Specsavers and Argos
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
25
Auction
9th July 2015
Rent
£70,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank Investment

Entirely let to Lloyds Bank plc
Prominent corner position on busy retailing thoroughfare
Nearby occupiers include Barclays Bank, HSBC, Boots, Specsavers and Argos
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 25
Auction 9th July 2015
Rent £70,000 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles south-west of Birmingham city centre
Roads: A38, A441, M5 (Junction 3 & 4) M42 (Junction 2)
Rail: Northfield Railway Station (Approx. 19 mins to; Birmingham New Street Railway Station)
Air: Birmingham International Airport

Situation

Northfield is a predominantly residential district of Birmingham, south-west of the city centre. The property is prominently situated in a corner position on the eastern side of Bristol Road South, Northfield’s main retailing thoroughfare, at its junction with Rochester Road. Neighbouring and nearby occupiers include Barclays Bank, HSBC, Boots, Specsavers, Argos, Home Bargains and B & M.

Tenure

Freehold.

Location

Miles: 6 miles south-west of Birmingham city centre
Roads: A38, A441, M5 (Junction 3 & 4) M42 (Junction 2)
Rail: Northfield Railway Station (Approx. 19 mins to; Birmingham New Street Railway Station)
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a banking hall with ancillary accommodation on the ground floor, basement storage accommodation and first floor office accommodation which can be accessed internally or via a separate entrance from Bristol Road South. The property benefits from rear servicing and car parking provisions.

SIX WEEK COMPLETION

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not 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 Henry Wilkinson. Tel: +44 (0)20 7034 4861.

EPC

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

Description

VAT

VAT is not applicable to this lot.

Viewings

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	Reversion
Ground Basement First	Banking Hall/Ancillary Ancillary Office	243.12 sq m 53.14 sq m 189.14 sq m	(2,617 sq ft) (572 sq ft) (2,036 sq ft)	LLOYDS BANK PLC (1)	8 years from 23/06/2011 on a full repairing and insuring lease	£70,000	22/06/2019 (2)
Totals		485.40 sq m	(5,225 sq ft)			£70,000

(1) For the year ending 31st December 2014, Lloyds Bank plc reported pre-tax profits of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 05/06/2015)
(2)The lease provided a tenant’s option to determine in June 2015. The tenant did not exercise this break option and the notice period has now passed.