Dulux Decorator Centre Unit A, 60 - 72 New Town Row Birmingham West Midlands B6 4HP

Dulux Decorator Centre
Unit A, 60 - 72 New Town Row
Birmingham
West Midlands
B6 4HP

City Centre Retail Investment

Let to Imperial Chemical Industries Ltd t/a Dulux Decorator Centre
Prominent Roadside Location 0.5 miles from Birmingham City Centre
Includes car parking
£152,679 p.a.x (gross) £122,679 p.a.x (net)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
71
Auction
30th March 2017
Rent
£152,679 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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City Centre Retail Investment

Let to Imperial Chemical Industries Ltd t/a Dulux Decorator Centre
Prominent Roadside Location 0.5 miles from Birmingham City Centre
Includes car parking
£152,679 p.a.x (gross) £122,679 p.a.x (net)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 71
Auction 30th March 2017
Rent £152,679 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Retail Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 0.5 miles from Birmingham city centre
Roads: A4540, A38(M)
Rail: Birmingham Snow Hill Station
Air: Birmingham International Airport

Situation

The property is prominently situated in a very busy commercial location on the west side of New Town Row, north of the city centre and close to the junction with the A4540 which links directly to the A38(M), approximately 300 metres from the property. Birmingham Snow Hill Station is located some 0.5 miles south of the property. Neighbouring occupiers include Speedy Hire and Floors 2 Go.

Tenure

Long Leasehold. Held for a term of 125 years from January 2013 at an initial rent of £30,000 per annum exclusive. The headlease provides for the rent to increase every 10th year by 2% per annum compounded.

Location

Miles: 0.5 miles from Birmingham city centre
Roads: A4540, A38(M)
Rail: Birmingham Snow Hill Station
Air: Birmingham International Airport

Situation

Tenure

Description

The property comprises a substantial city centre ground floor trade counter with significant frontage to New Town Row and forms part of a larger building. The property benefits from an undercroft loading bay and customer car parking. The tenant refurbished the unit in 2016.

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

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. (gross)	Reversion
Ground	Retail/Ancillary	1,031.97 sq m	(11,108 sq ft)	IMPERIAL CHEMICAL INDUSTRIES LTD (1)	20 years from 21/09/2001	£152,679	20/09/2021
Total		1,031.97 sq m	(11,108 sq ft)			£152,679

(1) For the year ending 31 December 2015, Imperial Chemical Industries Limited reported a turnover of £485,000,000, pre-tax profits of £108,000,000 and a net worth of £4,173,000,000 (Source: Experian Group 03/03/2017). Imperial Chemical Industries Limited are part of Akzo Nobel who are the leading global paints and coatings company and a major producer of specialty chemicals. They employ, approximately 45,000 people in around 80 countries and their portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka (Source: www.akzonobel.com 03/03/2017) .