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.
