1401 - 1403 Bristol Road South (A38) Longbridge Birmingham West Midlands B31 2SY

  • 1401 - 1403 Bristol Road South (A38)<br>Longbridge<br>Birmingham<br>West Midlands<br>B31 2SY

1401 - 1403 Bristol Road South (A38)
Longbridge
Birmingham
West Midlands
B31 2SY

Freehold Bank Investment

  • Let to TSB Bank Plc until 2022
  • Important 2017 Rent Review outstanding. Notice served quoting a new rent of £20,000 per annum exclusive
  • 2017 tenant break option not exercised
  • Neighbouring occupiers include Sports Direct and Sainsbury's
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    7
  • Auction
    25th May 2017
  • Rent
    £13,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £232,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Bank Investment

  • Let to TSB Bank Plc until 2022
  • Important 2017 Rent Review outstanding. Notice served quoting a new rent of £20,000 per annum exclusive
  • 2017 tenant break option not exercised
  • Neighbouring occupiers include Sports Direct and Sainsbury's
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 7
  • Auction 25th May 2017
  • Rent £13,000 per Annum Exclusive
  • Status Sold
  • Price £232,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles south-east of Birmingham City Centre
Roads
A34, A41, A45
Rail
Longbridge Railway Station
Air
Birmingham International Airport
Situation

Longbridge is a predominantly residential district of Birmingham, some 7 miles south-west of the City Centre and has a long history synonymous with the car manufacturing industry. The area is also benefiting from a £1 billion regeneration project to include a new Town Centre, Technology Park and College (Source: www.longbridgebirmingham.co.uk). The property is situated on the west side of Bristol Road South (A38) and at its junction with Boughton Crescent. The A38 is an arterial route linking the M5 and Birmingham City Centre. Neighbouring occupiers include Sports Direct and Sainsbury’s.

Tenure

Freehold.

Location
Miles
3 miles south-east of Birmingham City Centre
Roads
A34, A41, A45
Rail
Longbridge Railway Station
Air
Birmingham International Airport
Situation

Longbridge is a predominantly residential district of Birmingham, some 7 miles south-west of the City Centre and has a long history synonymous with the car manufacturing industry. The area is also benefiting from a £1 billion regeneration project to include a new Town Centre, Technology Park and College (Source: www.longbridgebirmingham.co.uk). The property is situated on the west side of Bristol Road South (A38) and at its junction with Boughton Crescent. The A38 is an arterial route linking the M5 and Birmingham City Centre. Neighbouring occupiers include Sports Direct and Sainsbury’s.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office and ancillary accommodation on the first floor. The property benefits from forecourt car parking for 3 cars.

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 ground floor banking hall with office and ancillary accommodation on the first floor. The property benefits from forecourt car parking for 3 cars.

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

 Banking Hall Office/Ancillary
127.80 sq m
55.60 sq m
(1,376 sq ft)
(598 sq ft)
 TSB BANK PLC (1)
 10 years from 14/08/2012 on a full
repairing and
insuring lease
 £13,000
 14/08/2017
(2)
(13/08/2022)
Totals  
183.40 sq m
(1,974 sq ft)
     £13,000
  

(1) For the year ending 31st December 2016, TSB Bank Plc reported pre-tax profits of £182,300,000 and a total net worth of 1,879,200,000 (Source: Experian Group 05/04/2017).
(2) As to the 2017 rent review, the seller has served a rent review notice on the tenant stating a new rent of £20,000 per annum exclusive.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Grove Tompkins Bosworth 54 Newhall Street
Birmingham
B3 3QG
James Devlin 0121 236 9341jrd@gtb-solicitors.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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