117 / 119 The Parade Sutton Coldfield West Midlands 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 bank investment
Close to The Gracechurch Shopping Centre and Newhall Walk Retail Park that houses retailers including Marks & Spencer, Sports Direct, TK Maxx, WHSmith, Next and Boots the Chemist

Lot
30
Auction
18th October 2018
Rent
£83,000 per Annum
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank Investment

Let to Bank of Scotland Plc
Approximately 6,559 sq ft
VAT-free bank investment
Close to The Gracechurch Shopping Centre and Newhall Walk Retail Park that houses retailers including Marks & Spencer, Sports Direct, TK Maxx, WHSmith, Next and Boots the Chemist

Lot 30
Auction 18th October 2018
Rent £83,000 per Annum
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles north-east of 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 & Spencer, Sports Direct, TK Maxx, WHSmith, 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 of Birmingham
Roads: A452, M1, M6
Rail: Sutton Coldfield
Air: Birmingham International

Situation

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.

EPC

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.

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
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
Total		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 2017, Lloyds Banking Group Plc reported pre-tax profits of £5,275,000,000 and a total net worth of £43,998,000,000 (Sources www.lloydsbankinggroup.com and Experian Group 20/09/2018).