125 High Street Harborne Birmingham B17 9PP

  • 125 High Street<br>Harborne<br>Birmingham<br>B17 9PP

125 High Street
Harborne
Birmingham
B17 9PP

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • High Street location just 1 mile from the University of Birmingham
  • Potential development opportunity at first floor (subject to consents)
  • Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    35
  • Auction
    11th February 2016
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • High Street location just 1 mile from the University of Birmingham
  • Potential development opportunity at first floor (subject to consents)
  • Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 35
  • Auction 11th February 2016
  • Rent £75,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley, 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham) Rail
Air
Birmingham International Airport
Situation

The property is situated in the popular student area of Harborne, 4 miles south-west of Birmingham City Centre and 1 mile north-west of The University of Birmingham. The property sits on the northern side of the High Street near its junction with Station Road. Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero.

Tenure

Freehold.

Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley, 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham) Rail
Air
Birmingham International Airport
Situation

The property is situated in the popular student area of Harborne, 4 miles south-west of Birmingham City Centre and 1 mile north-west of The University of Birmingham. The property sits on the northern side of the High Street near its junction with Station Road. Nearby occupiers include HSBC, Superdrug, WH Smith and Caffè Nero.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with self-contained first floor office/ancillary accommodation.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 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 Georgina Roberts. Telephone: +44 (0)20 7034 4863.

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 self-contained first floor office/ancillary accommodation.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 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 Georgina Roberts. Telephone: +44 (0)20 7034 4863.

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 		Bank
Office/Ancillary
258.91 sq m
287.90 sq m
(2,787 sq ft)
(3,099 sq ft)
 LLOYDS BANK
PLC (1)		 10 years from 30/10/2012 until
29/10/2022 on a full repairing and
insuring lease (2)		 £75,000 30/10/2017
Totals  
546.81 sq m
(5,886 sq ft)
     £75,000

(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: Experian Group 18/01/2016)
(2) The lease provides the option to determine on 30/10/2017.

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

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

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?