223 Stratford Road Shirley Solihull West Midlands B90 3AH

223 Stratford Road
Shirley
Solihull
West Midlands
B90 3AH

Freehold Bank Investment on a New 5 year lease

Entirely let to Santander UK Plc
New 5 year lease (NO Breaks)
Lease renewal from 25th December 2020
Prominent Corner Location
VAT-free Investment
Future alternative use potential on the upper floors

Lot
13
Auction
11th February 2021
Rent
£27,500 per Annum Exclusive
Status
Sold
Price
£477,000
Auction Venue
Live Streamed Auction
On Instructions of a Major Fund Manager

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Freehold Bank Investment on a New 5 year lease

Entirely let to Santander UK Plc
New 5 year lease (NO Breaks)
Lease renewal from 25th December 2020
Prominent Corner Location
VAT-free Investment
Future alternative use potential on the upper floors

Lot 13
Auction 11th February 2021
Rent £27,500 per Annum Exclusive
Status Sold
Price £477,000
Sector
Bank
Auction Venue
Live Streamed Auction
On Instructions of a Major Fund Manager

Property Information

Location

Miles: 2 miles west of Solihull town centre; 5 miles south of Birmingham city centre; 15 miles north-west of Royal Leamington Spa; 15 miles north of Stratford-upon-Avon
Roads: A34, M42, M40, M6
Rail: Shirley Railway Station, Solihull Station
Air: Birmingham Airport

Situation

Shirley is a predominantly residential suburb 2 miles west of Solihull city centre and 5 miles south of Birmingham city centre. The property is located on the east side of Stratford Road (A34) close to its junction with Solihull Road. Occupiers nearby include Holland & Barrett, West Brom, NatWest, Boots, Aldi, Iceland, Specsavers, Costa and a number of local traders.

Tenure

Freehold.

Location

Miles: 2 miles west of Solihull town centre; 5 miles south of Birmingham city centre; 15 miles north-west of Royal Leamington Spa; 15 miles north of Stratford-upon-Avon
Roads: A34, M42, M40, M6
Rail: Shirley Railway Station, Solihull Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor bank with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Solihull Borough Council (www.solihull.gov.uk)

Completion Period

Six Week Completion

EPC

Band B. See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor bank with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Planning

Completion Period

Six Week Completion

EPC

Band B. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second	Banking/ Ancillary Ancillary Ancillary	119.28 sq m 22.60 sq m 34.1 sq m	(1,284 sq ft) (243 sq ft) (367 sq ft)	SANTANDER UK PLC (1)	5 years from 25/12/2020 (2) on a full repairing and insuring lease	£27,500	24/12/2025
Total		175.98 sq m	(1,894 sq ft)			£27,500

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) There is a 3 month rent free period from 25/12/20. The Seller will top up the rent from completion of the sale until expiry of the rent free period, by way of an allowance on completion of the sale.

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.