Radio House, Aston Road North Birmingham West Midlands B6 4JA

  • Radio House, Aston Road North<br>Birmingham<br>West Midlands<br>B6 4JA

Radio House, Aston Road North
Birmingham
West Midlands
B6 4JA

Freehold Office Investment

  • Prominently located multi occupied office building in an established city centre location
  • Total floor area approximately 1,090 sq m (11,730 sq ft)
  • Substantial on-site parking
  • Active management potential
  • Nearby occupiers include Staples and the Volvo and Mercedes car dealerships
  • Lot
    20
  • Auction
    18th October 2011
  • Rent
  • Status
    Sold
  • Price
    £365,000
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Office Investment

  • Prominently located multi occupied office building in an established city centre location
  • Total floor area approximately 1,090 sq m (11,730 sq ft)
  • Substantial on-site parking
  • Active management potential
  • Nearby occupiers include Staples and the Volvo and Mercedes car dealerships
  • Lot 20
  • Auction 18th October 2011
  • Rent
  • Status Sold
  • Price £365,000
  • Sector
    Office
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
1 mile from Birmingham city centre, 88 miles south-east of Manchester, 118 miles north of London
Rail
Birmingham New Street, Birmingham Moor Street and Birmingham Snow Hill
Roads
M6, M6 Toll, M5, M42, M40
Air
Birmingham International Airport
Situation

The property is situated opposite the police station and approximately 1 mile from Birmingham city centre, close to the A38(M) Aston Expressway and the Dartmouth Middleway, providing access to the outer ring road. The property is also adjacent to Staples Office Superstore and is close to the newly established Aston Cross Business Park, within the successful Waterlinks development area of Birmingham.

Tenure

Freehold.

Location
Miles
1 mile from Birmingham city centre, 88 miles south-east of Manchester, 118 miles north of London
Rail
Birmingham New Street, Birmingham Moor Street and Birmingham Snow Hill
Roads
M6, M6 Toll, M5, M42, M40
Air
Birmingham International Airport
Situation

The property is situated opposite the police station and approximately 1 mile from Birmingham city centre, close to the A38(M) Aston Expressway and the Dartmouth Middleway, providing access to the outer ring road. The property is also adjacent to Staples Office Superstore and is close to the newly established Aston Cross Business Park, within the successful Waterlinks development area of Birmingham.

Tenure

Freehold.

Description

The property comprises a five storey building of approximately 1,090 sq m/11,730 sq ft currently operated as managed offices divided into multi-let suites with additional meeting rooms. The property includes suspended ceilings, perimeter trunking, CCTV, an 8-person passenger lift and air cooling unit in parts. In addition there is a large car park at the rear for approximately 57 cars. The roof covering and insulation was renewed and the fifth floor fully refurbished, to include air-cooling, with such works being completed in December 2008.

VAT subject to compliance by the buyer with the requirements of the relevant VAT legislation, the transaction may be treated as a TOGC.

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 a five storey building of approximately 1,090 sq m/11,730 sq ft currently operated as managed offices divided into multi-let suites with additional meeting rooms. The property includes suspended ceilings, perimeter trunking, CCTV, an 8-person passenger lift and air cooling unit in parts. In addition there is a large car park at the rear for approximately 57 cars. The roof covering and insulation was renewed and the fifth floor fully refurbished, to include air-cooling, with such works being completed in December 2008.

VAT subject to compliance by the buyer with the requirements of the relevant VAT legislation, the transaction may be treated as a TOGC.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Suite Floor Areas (Approx) Licensee Licence From Monthly Licence Fee Annualised Licence Fee
101
41.81 sq m
(450 sq ft)
 VACANT
      
102
16.72 sq m
(180 sq ft)
 GAVIN ESUME 19/11/2010 £130 £1,560
103
19.04 sq m
(205 sq ft)
 BTCV ENTERPRISES LIMITED 01/12/2005 £245 £3,540
104
48.77 sq m
(525 sq ft)
 LIONHEART INSURANCE SERVICES LTD 02/08/2010 £1,000 £12,000
201-202
168.15 sq m
(1,810 sq ft)
 ASTON COLLEGE LIMITED 01/12/2010 £3,400 £40,800
301-306
144.89 sq m
(1,560 sq ft)
 VACANT      
305A
19.88 sq m
(214 sq ft)
 ASPIRE ACCOUNTS LTD
& I-FLOW AUTOTECH LIMITED
 06/04/2010 £475 £5,700
401A
401B
214.15 sq m
(2,305 sq ft)
 ASTON COLLEGE LTD 01/12/2010 £3,400 £40,800
500/501
20.40 sq m
(220 sq ft)
 JEET SINGH 01/01/2011 £575 £6,900
502/505
58.50 sq m
(630 sq ft)
 COMPUSERVE LIMITED 01/01/2011 £1,350 £16,200
506-509
85.00 sq m
(915 sq ft)
 PREMIER RISK MANAGEMENT LIMITED 01/02/2011 £1,500 £18,000
512
13.47 sq m
(145 sq ft)
 CENAPTECH CONSULTING LTD 01/04/2011 £450 £5,400
Mast
  O2   £1,000 £12,000
Mast
  T-MOBILE   £1,000 £12,000
Totals

850.78 sq m
(9,159 sq ft)
     £14,575 £174,900 (1)

(1) Rental deposits are also held from various licences.
(2) Aston College Limited has served notice to determine its two licences effective 21st October 2011.

Contacts

Acuitus
Tom RyderTom Ryder +44 (0)20 7034 4858 tom.ryder@acuitus.co.uk
Seller's Solicitors
Quastel Midgen LLP 74 Wimpole Street
London
W1G 9RR
Jason Greenberg +44(0)20 7908 2525jgreenberg@quastels.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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