10 Birmingham Road Sutton Coldfield West Midlands B72 1QQ

  • 10 Birmingham Road<br>Sutton Coldfield<br>West Midlands<br>B72 1QQ

10 Birmingham Road
Sutton Coldfield
West Midlands
B72 1QQ

Freehold Ground Rent Investment with Valuable Reversion in 2021

  • Ground rent investment let until 2021
  • Forms part of popular retail parade to be sold as eight separate lots (11-18)
  • Valuable Reversions to be realised in 2021
  • Development potential (subject to consents)
  • Current rent £4.20 p.a.x with rateable value of £41,750
  • Lot
    11
  • Auction
    18th October 2018
  • Rent
    £4 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Cambridge College
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Freehold Ground Rent Investment with Valuable Reversion in 2021

  • Ground rent investment let until 2021
  • Forms part of popular retail parade to be sold as eight separate lots (11-18)
  • Valuable Reversions to be realised in 2021
  • Development potential (subject to consents)
  • Current rent £4.20 p.a.x with rateable value of £41,750
  • Lot 11
  • Auction 18th October 2018
  • Rent £4 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Cambridge College

Property Information

Location
Miles
7 miles north-east of Birmingham
Roads
A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation

Sutton Coldfield is an affluent suburb some 7 miles north-east of Birmingham city centre. The property occupies a prominent position on Birmingham Road (A5127), the main arterial route between Sutton Coldfield town centre and the A38(M) and M6 Motorway. The property is located less than five minutes’ walk south of the Gracechurch Shopping Centre. Other nearby occupiers including Lloyds Bank, Oxfam, Pizza Express, Nando’s, Slug & Lettuce and Empire Cinema. Sutton Cottage Hospital is also located opposite.

Tenure

Freehold.

Location
Miles
7 miles north-east of Birmingham
Roads
A452, M1, M6
Rail
Sutton Coldfield
Air
Birmingham International
Situation

Sutton Coldfield is an affluent suburb some 7 miles north-east of Birmingham city centre. The property occupies a prominent position on Birmingham Road (A5127), the main arterial route between Sutton Coldfield town centre and the A38(M) and M6 Motorway. The property is located less than five minutes’ walk south of the Gracechurch Shopping Centre. Other nearby occupiers including Lloyds Bank, Oxfam, Pizza Express, Nando’s, Slug & Lettuce and Empire Cinema. Sutton Cottage Hospital is also located opposite.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation.

The property forms part of a parade which is being offered in eight separate lots (11-18).

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 retail unit with first floor ancillary accommodation.

The property forms part of a parade which is being offered in eight separate lots (11-18).

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

Unit No Floor Use Floor Areas (Approx) Tenant Current occupier trading as Term Rent p.a.x Rateable
Value (3)
No 10 Ground & First Retail &
Ancillary		 288.32 sq m (1) (3,104 sq ft) BHP WHOLESALE
LIMITED (2)		 DHP Construction
Showroom		 120 years expiring
24/03/2021		 £4.20 £41,750
Total
    
288.32 sq m
(3,104 sq ft)
       £4.20  

(1) A measured survey with a breakdown of the areas is available to view in the legal pack.
(2) We understand the property has been sublet - information of these sublettings can be found in the legal pack.
(3) Source: www.tax.service.gov.uk

Contacts

Seller's Solicitors
Ashtons Legal Chequers House, 77 - 81 Newmarket Road
Cambridge
CB5 8EV
Magnus McManus 01223 431 086magnus.mcmanus@ashtonslegal.co.uk

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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