1131 Warwick Road Acocks Green Birmingham B27 6RA

1131 Warwick Road
Acocks Green
Birmingham
B27 6RA

Freehold Retail Investment

Prominent town centre location
Tenant t/a Post Office/WHSmith Local with guarantor
Tenant 2020 break option NOT exercised
Close to Morrisons supermarket car park
(200 spaces) and a bus stop
VAT-free investment

Lot
18
Auction
12th February 2020
Rent
£45,000 per Annum Exclusive
Status
Sold
Price
£625,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of Wesleyan

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Freehold Retail Investment

Prominent town centre location
Tenant t/a Post Office/WHSmith Local with guarantor
Tenant 2020 break option NOT exercised
Close to Morrisons supermarket car park
(200 spaces) and a bus stop
VAT-free investment

Lot 18
Auction 12th February 2020
Rent £45,000 per Annum Exclusive
Status Sold
Price £625,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of Wesleyan

Property Information

Location

Miles: 3 miles north-west of Solihull; 4 miles south of Birmingham city centre; 15 miles west of Coventry
Roads: A41, A34, A38, M6 (Junction 6), M42 (Junction 5)
Rail: Acocks Green Railway Station
Air: Birmingham International Airport

Situation

Acocks Green is a busy and popular urban suburb located approximately 4 miles south-east of Birmingham city centre. The property is situated in a prominent location on Warwick Road (A41), Acock Green's main retailing area, close to its junction with Station Road. A Morrisons supermarket and large car park is located close by, with other nearby occupiers including NatWest, Lloyds Pharmacy, KFC, Boots, Halifax and Superdrug.

Tenure

Freehold.

Location

Miles: 3 miles north-west of Solihull; 4 miles south of Birmingham city centre; 15 miles west of Coventry
Roads: A41, A34, A38, M6 (Junction 6), M42 (Junction 5)
Rail: Acocks Green Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation above and rear service access.

VAT

VAT is not applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Description

The property comprises a ground floor shop with ancillary accommodation above and rear service access.

VAT

VAT is not applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Retail Ancillary	240.7 sq m 183 sq m	(2,591 sq ft) (1,970 sq ft)	ZCO LIMITED t/a Post Office/ WHSmith Local guaranteed by Potent Solutions Limited (2)	15 years from 2/02/2015 on a full repairing and insuring lease (1)	£45,000	02/02/2020 and 5 yearly
Total		423.7 sq m	(4,561 sq ft)			£45,000

(1) Tenant's option to determine on 01/02/2022. Tenant's option to determine 01/02/2020 not exercised.
(2) For the year ending 30th June 2018, ZCO Limited reported a net worth of £485,241 (Source: Experian 17/01/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.