98-104 Church Road (even) and 567 Hob Moore Road Yardley Birmingham B25 8UZ

  • 98-104 Church Road (even) and 567 Hob Moore Road<br>Yardley<br>Birmingham<br>B25 8UZ

98-104 Church Road (even) and 567 Hob Moore Road
Yardley
Birmingham
B25 8UZ

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • Prominent corner location at the junction of the A4040, Yew Tree Lane and Hob Moor Road
  • Located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative
  • 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
    40
  • Auction
    11th February 2016
  • Rent
    £39,500 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
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Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • Prominent corner location at the junction of the A4040, Yew Tree Lane and Hob Moor Road
  • Located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative
  • 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 40
  • Auction 11th February 2016
  • Rent £39,500 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-east of Birmingham,15 miles north-west of Coventry, 28 miles north-east of Worcester
Roads
A45, M42 (Junction 7), M6 (Junction 4)
Rail
Tyseley Rail (10 minutes to Birmingham Snow Hill)
Air
Birmingham International Airport
Situation

The property is located in Yardley, a village located between Birmingham city centre and Birmingham International Airport. The property is situated on Church Road at the junction of the A4040, Yew Tree Lane and Hob Moor Road in the established Yew Tree retail area. The property is located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative. Other nearby occupiers include Subway, Iceland and Greggs.

Tenure

Freehold.

Location
Miles
4 miles south-east of Birmingham,15 miles north-west of Coventry, 28 miles north-east of Worcester
Roads
A45, M42 (Junction 7), M6 (Junction 4)
Rail
Tyseley Rail (10 minutes to Birmingham Snow Hill)
Air
Birmingham International Airport
Situation

The property is located in Yardley, a village located between Birmingham city centre and Birmingham International Airport. The property is situated on Church Road at the junction of the A4040, Yew Tree Lane and Hob Moor Road in the established Yew Tree retail area. The property is located opposite Yew Tree Retail Park which houses occupiers including KFC, Boots and The Co-Operative. Other nearby occupiers include Subway, Iceland and Greggs.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor office/ancillary accommodation benefiting from both internal and external access.

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.

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 first floor office/ancillary accommodation benefiting from both internal and external access.

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.

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
Banking Hall/Ancillary
Ancillary
292.30 sq m
136.80 sq m
(3,146 sq ft)
(1,473 sq ft)
LLOYDS BANK
PLC (1)
10 years from 24/06/2013
until 23/06/2023 (2)
£39,500 23/06/2018
Totals   429.10 sq m (4,619 sq ft)     £39,500

(1) For the year ending 31st December 2014, Lloyds Bank Plc reported a pre-tax profit of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 18/12/2015)
(2) The lease provides an option to determine the lease on 24/06/2018.

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

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