1269 Bristol Road South Northfield Birmingham West Midlands B31 2SP

  • 1269 Bristol Road South<br>Northfield<br>Birmingham<br>West Midlands<br>B31 2SP

1269 Bristol Road South
Northfield
Birmingham
West Midlands
B31 2SP

Freehold Retail and Residential Investment

  • Entirely let to William Hill Organization Limited
  • Includes self-contained two/three bedroom duplex on first and second floors
  • Important Rent Review outstanding with notice recently served at £21,500 per annum
  • Tenant break option not exercised in 2017
  • Established retail parade in popular Birmingham suburb
  • VAT-free Investment
  • Lot
    32
  • Auction
    24th May 2018
  • Rent
    £11,500 per Annum
  • Status
    Sold
  • Price
    £192,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail and Residential Investment

  • Entirely let to William Hill Organization Limited
  • Includes self-contained two/three bedroom duplex on first and second floors
  • Important Rent Review outstanding with notice recently served at £21,500 per annum
  • Tenant break option not exercised in 2017
  • Established retail parade in popular Birmingham suburb
  • VAT-free Investment
  • Lot 32
  • Auction 24th May 2018
  • Rent £11,500 per Annum
  • Status Sold
  • Price £192,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
6 miles south-west of Birmingham, 19 miles north-east of Worcester
Roads
A38, M5 (Junction 4), M42
Rail
Northfield (18 minutes to Birmingham New Street)
Air
Birmingham International Airport
Situation

The property is located in one of Birmingham’s largest suburbs, 6 miles south-west of the City Centre. The property is situated on the western side of Bristol Road South, a principal arterial route connecting Birmingham with the M5 motorway. The property is located in an established retail parade along with a number of independent retailers, with other nearby occupiers include One Stop convenience store. Longbridge Railway Station is a short walk away.

Tenure

Freehold.

Location
Miles
6 miles south-west of Birmingham, 19 miles north-east of Worcester
Roads
A38, M5 (Junction 4), M42
Rail
Northfield (18 minutes to Birmingham New Street)
Air
Birmingham International Airport
Situation

The property is located in one of Birmingham’s largest suburbs, 6 miles south-west of the City Centre. The property is situated on the western side of Bristol Road South, a principal arterial route connecting Birmingham with the M5 motorway. The property is located in an established retail parade along with a number of independent retailers, with other nearby occupiers include One Stop convenience store. Longbridge Railway Station is a short walk away.

Tenure

Freehold.

Description

The property comprises a ground floor shop with a self-contained two/three bedroom duplex arranged 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 ground floor shop with a self-contained two/three bedroom duplex arranged 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		 Retail/Ancillary
Two/Three
Bedroom Flat
with kitchen,
living room and
bathroom
95.13 sq m
-
(1,024 sq ft)
(-)
 WILLIAM HILL
ORGANIZATION
LIMITED (1)		 15 years from 29/09/2007 on a
full repairing and insuring lease		 £11,500 (2) 29/09/2017 (2)
(28/09/2022)
Total
95.13 sq m
(1,024 sq ft)
 £11,500 (2)

1) For the year ending 27th December 2016, William Hill Organization Limited reported a turnover of £879,000,000, pre-tax profits of £223,500,000 and net assets of £134,300,000 (Source: Experian Group 24/04/2018). The tenant sublets the residential accommodation above.
(2) Notice has recently been served proposing a revised rent of £21,500 per annum.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Darlingtons Solicitors 7 Spring Villa Park
Edgware
Middlesex
HA8 7EB
Jonathan Green 0208 951 6620jgreen@darlingtons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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