117 / 119 The Parade Sutton Coldfield West Midlands B72 1PU

  • 117 / 119 The Parade<br>Sutton Coldfield<br>West Midlands<br>B72 1PU

117 / 119 The Parade
Sutton Coldfield
West Midlands
B72 1PU

Freehold Bank Investment

  • Let to Bank of Scotland plc
  • Approximately 6,559 sq ft
  • VAT free investment
  • Close to The Gracechurch Shopping Centre and Newhall Walk Retail Park that houses retailers including Marks & Spencer, House of Fraser, TK Maxx, New Look, Next and Boots the Chemist
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    56
  • Auction
    13th October 2016
  • Rent
    £83,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Bank Investment

  • Let to Bank of Scotland plc
  • Approximately 6,559 sq ft
  • VAT free investment
  • Close to The Gracechurch Shopping Centre and Newhall Walk Retail Park that houses retailers including Marks & Spencer, House of Fraser, TK Maxx, New Look, Next and Boots the Chemist
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 56
  • Auction 13th October 2016
  • Rent £83,000 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
7 miles north-east from Birmingham
Roads
A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation

The property is located on the eastern side of The Parade close to its junction with Queen Street, in the heart of the town centre. Gracechurch Shopping Centre and Newhall Walk Retail Park are both located close by housing occupiers such as Marks and Spencer, House of Fraser, TK Maxx, New Look, Next, Boots the Chemist and Halfords. Other nearby occupiers include Aldi, Pizza Express, Ask Restaurant, Lloyds TSB and JD Wetherspoon.

Tenure

Freehold.

Location
Miles
7 miles north-east from Birmingham
Roads
A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation

The property is located on the eastern side of The Parade close to its junction with Queen Street, in the heart of the town centre. Gracechurch Shopping Centre and Newhall Walk Retail Park are both located close by housing occupiers such as Marks and Spencer, House of Fraser, TK Maxx, New Look, Next, Boots the Chemist and Halfords. Other nearby occupiers include Aldi, Pizza Express, Ask Restaurant, Lloyds TSB and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises a double-fronted banking hall on the ground floor, with office/ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a double-fronted banking hall on the ground floor, with office/ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

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 (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground
First
Second 		Banking Hall/Ancillary
Offices/Ancillary
Ancillary (restricted access)
294.03 sq m
282.42 sq m
32.90 sq m
(3,165 sq ft)
(3,040 sq ft)
(354 sq ft)
 BANK OF SCOTLAND
PLC (1)
t/a Halifax Bank		 15 years from 14/11/2007
on a
full repairing and
insuring lease		 £83,000 14/11/2017
(13/11/2022)
Totals  
609.35 sq m
(6,559 sq ft)
     £83,000  

(1) Bank of Scotland plc is a wholly owned subsidiary of Lloyds Banking Group Plc, which operates from the high street fascias of Lloyds Bank, Halifax and Bank of Scotland. For the year ending 31st December 2015, Lloyds Banking Group Plc reported pre-tax profits of £1,644,000,000 and a total net worth of £42,735,000,000 (Sources www.lloydsbankinggroup.com and Experian Group 29/07/2016).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Paschalis Law Prospect House, 2 Athenaeum Road, Whetstone
London
N20 9AE
Costas Paschalis 0330 311 2910costas@paschalislaw.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

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