Let to Barclays Bank Plc until 2027 (subject to option)
Prominent corner position in the heart of the town centre
3 miles west of Birmingham city centre
200 metres from Windmills Shopping Centre with occupiers including Matalan, Shoe Zone, Iceland, Asda, Boots, PureGym and Home Bargains
Lot 27
Auction 14th February 2019
Rent £29,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles west of Birmingham city centre, 11 miles south-east of Wolverhampton
Roads
Cape Hill (A4092), A456, M5, M6
Rail
Smethwick Rolfe Street Railway Station
Air
Birmingham International Airport
Situation
Smethwick is a popular and cosmopolitan suburb of Birmingham. The property is prominently located in a corner position on the junction of Cape Hill and Salisbury Road, approximately 200 metres from Windmills Shopping Centre with occupiers including Matalan, Shoe Zone, Iceland, Asda, Boots, PureGym and Home Bargains. Cape Hill is a busy local shopping street with an eclectic mix of local occupiers.
Tenure
Freehold.
Location
Miles
3 miles west of Birmingham city centre, 11 miles south-east of Wolverhampton
Roads
Cape Hill (A4092), A456, M5, M6
Rail
Smethwick Rolfe Street Railway Station
Air
Birmingham International Airport
Situation
Smethwick is a popular and cosmopolitan suburb of Birmingham. The property is prominently located in a corner position on the junction of Cape Hill and Salisbury Road, approximately 200 metres from Windmills Shopping Centre with occupiers including Matalan, Shoe Zone, Iceland, Asda, Boots, PureGym and Home Bargains. Cape Hill is a busy local shopping street with an eclectic mix of local occupiers.
Tenure
Freehold.
Description
The property comprises a Grade II listed building with ground floor banking hall, first and second floor ancillary accommodation and basement strongroom. The property benefits from car parking to the rear. The property may be suitable for long term residential conversion of the upper parts (Subject to the necessary consents).
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 Grade II listed building with ground floor banking hall, first and second floor ancillary accommodation and basement strongroom. The property benefits from car parking to the rear. The property may be suitable for long term residential conversion of the upper parts (Subject to the necessary consents).
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.
20 years from 13/12/2007 until 12/12/2027 on a full repairing and insuring lease (2)
£29,500
25/12/2021 and 25/12/2026
Totals
401.76 sq m
(4,323 sq ft)
£29,500
(1) For the year ending 31st December 2017, Barclays Bank Plc reported a turnover of £8,775,000,000, pre-tax profits of £3,166,000,000 and a total net worth of £60,829,000,000 (Source: Experian Group 16/01/2019). (2) The lease is subject to a schedule of condition and a tenant option to determine on 13/12/2022.
