First and Second Floor Offices of Attractive Art-Deco Building with ground floor entrance lobby
May be Suitable for Change of Use (subject to consents)
Busy Town Centre Location
Low Capital Value on Guide Price of £10.69 psf
Lot 35
Auction 16th February 2023
Vacant Possession
Status Sold
Price £143,000
Sector Office
Auction Venue Live Streamed Auction
On Behalf of Joint LPA Receivers
Property Information
Location
Miles
12 miles north east of Birmingham, 23 miles north of Coventry, 30 miles west of Leicester
Roads
A5, M42, M6
Rail
Tamworth Railway Station (18 min direct train to Birmingham New Street)
Air
Birmingham International Airport
Situation
Tamworth is a busy market town in Staffordshire, with a population of approximately 78,000 and being some 12 miles north east of Birmingham. The property is located on the south side of Church Street in the centre of town, close to Tamworth Castle, Ankerside Shopping Centre and Tamworth Library. Neighbouring occupiers include a mix of restaurants, takeaways, pubs, retailers, offices and residential.
Tenure
Virtual Freehold. Held for a term of 999 years from 26/03/2002 at a peppercorn ground rent.
Location
Miles
12 miles north east of Birmingham, 23 miles north of Coventry, 30 miles west of Leicester
Roads
A5, M42, M6
Rail
Tamworth Railway Station (18 min direct train to Birmingham New Street)
Air
Birmingham International Airport
Situation
Tamworth is a busy market town in Staffordshire, with a population of approximately 78,000 and being some 12 miles north east of Birmingham. The property is located on the south side of Church Street in the centre of town, close to Tamworth Castle, Ankerside Shopping Centre and Tamworth Library. Neighbouring occupiers include a mix of restaurants, takeaways, pubs, retailers, offices and residential.
Tenure
Virtual Freehold. Held for a term of 999 years from 26/03/2002 at a peppercorn ground rent.
Description
The property comprises the first and second floors of an attractive 3 storey Art-Deco building. These upper floors are accessed via a ground floor entrance/lobby. The ground floor public house does not form part of the sale. The first and second floors may be suitable for change of use subject to the necessary consents.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises the first and second floors of an attractive 3 storey Art-Deco building. These upper floors are accessed via a ground floor entrance/lobby. The ground floor public house does not form part of the sale. The first and second floors may be suitable for change of use subject to the necessary consents.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
First Second Ground
Office Office Lobby
185.60 162.20 -
(1,997) (1,745) -
VACANT POSSESSION
Total
347.80
(3,742) (1)
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.