210/216 High Street, Erdington Birmingham West Midlands B23 6SJ

  • 210/216 High Street, Erdington<br>Birmingham<br>West Midlands<br>B23 6SJ

210/216 High Street, Erdington
Birmingham
West Midlands
B23 6SJ

Freehold Retail and Office Investment

  • Prominent high street corner position
  • Approximately 1 mile from Junction 6 of the M6 motorway
  • Nearby occupiers include Lloyds TSB, Halifax, Ladbrokes, Greggs and Iceland
  • Active management opportunities
  • Six Week Completion Period Available
  • Lot
    46
  • Auction
    26th May 2011
  • Rent
    £96,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On behalf of a <br />Major Corporate
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Freehold Retail and Office Investment

  • Prominent high street corner position
  • Approximately 1 mile from Junction 6 of the M6 motorway
  • Nearby occupiers include Lloyds TSB, Halifax, Ladbrokes, Greggs and Iceland
  • Active management opportunities
  • Six Week Completion Period Available
  • Lot 46
  • Auction 26th May 2011
  • Rent £96,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On behalf of a <br />Major Corporate

Property Information

Location
Miles
4.8 miles north-east of Birmingham, 15 miles south-east of Wolverhampton
Roads
A5127, A4040, M6 (Junction 6), M5 (Junction 1), , M42 (Junction 8)
Rail
Erdington Railway Station
Air
Birmingham International Airport
Situation

The property is prominently situated on the eastern side of High Street, at its junction with Harrison Road on the main retail thoroughfare, approximately 1 mile from Junction 6 of the M6 motorway. Nearby occupiers include Lloyds TSB, Halifax, Ladbrokes, Greggs and Iceland.

Tenure

Freehold.

Location
Miles
4.8 miles north-east of Birmingham, 15 miles south-east of Wolverhampton
Roads
A5127, A4040, M6 (Junction 6), M5 (Junction 1), , M42 (Junction 8)
Rail
Erdington Railway Station
Air
Birmingham International Airport
Situation

The property is prominently situated on the eastern side of High Street, at its junction with Harrison Road on the main retail thoroughfare, approximately 1 mile from Junction 6 of the M6 motorway. Nearby occupiers include Lloyds TSB, Halifax, Ladbrokes, Greggs and Iceland.

Tenure

Freehold.

Description

The property comprises three ground floor retail units with self-contained office accommodation on first and second floors, accessed from Harrison Road. The property also benefits from a loading bay and car parking to the rear of the property.

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 three ground floor retail units with self-contained office accommodation on first and second floors, accessed from Harrison Road. The property also benefits from a loading bay and car parking to the rear of the property.

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 Reviews
Ground Retail/Ancillary/Storage

186.60 sq m

(2,008 sq ft)
PRICELESS SHOES PROPERTIES 5 LTD (1) 5 years from 1/06/2009 until 31/05/2014
£22,500
Ground Retail/Storage
455.00 sq m
(4,897 sq ft)
BETTING SHOPS OPERATIONS LIMITED (t/a Better Betting Shop) (2) (3) 15 years from 27/08/2008 until 26/08/2023 £60,000 27/08/2013 and 27/08/2018
First Office
334.10 sq m
(3,596 sq ft)
WEST MIDLANDS HOMEBASED CARE
LIMITED (4)
5 years from 21/04/2011 until 20/04/2016 £13,500  
Second Office
242.00 sq m
(2,605 sq ft)
VACANT POSSESSION      
Commercial Floor Area

1,217.70 sq m

(13,106 sq ft)
£96,000

(1) For the year ending 31st July 2010, Priceless Shoes Properties 5 Limited reported a turnover of £762,000, pre-tax profits of £15,000 and a total net worth of £11,000. (Source: www.riskdisk.com 28/04/2011)
(2) Launched in 2005, BetterBet offers a full betting service including high street shops and a free phone call centre. In December 2009 Betterbet merged with the country's oldest established independent bookmaker JenningsBet and now has over 70 high street shops. (Source: www.betterbet.com 28/04/2011)
(3) Please note that the tenant has sublet part of their unit.
(4) West Midlands Homebased Care Limited are one of West Midlands' leading care organisations, providing affordable, reliable and flexible domiciliary care and operating from 9 branches across the Midlands. (Source: www.wmhbc.co.uk 28/04/2011)

Contacts

Seller's Solicitors
Nabarro LLP 1 South Quay, Victoria Quays
Sheffield
S2 55Y
Rebecca Kitchingham +44 (0)114 279 4080r.kitchingham@nabarro.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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