Nearby occupiers include Iceland, B&M, Heron Foods, Greggs, Savers, Farmfoods and Poundland
Popular Birmingham suburb
Lot 28
Auction 18th May 2023
Rent £17,000 per Annum Exclusive
Status Sold
Price £300,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles north-east of Birmingham City Centre
Roads
A38, A452, M6
Rail
Erdington Railway Station
Air
Birmingham City Airport
Situation
The property is situated in a prominent position on the south side of High Street, close to its junction with Harrison Road and near Central Square Shopping Centre where retailers include Greggs, Specsavers, Card Factory and Holland & Barrett. Other nearby occupiers include Iceland, B&M, Heron Foods, Savers, Farmfoods and Poundland.
Tenure
Freehold.
Location
Miles
5 miles north-east of Birmingham City Centre
Roads
A38, A452, M6
Rail
Erdington Railway Station
Air
Birmingham City Airport
Situation
The property is situated in a prominent position on the south side of High Street, close to its junction with Harrison Road and near Central Square Shopping Centre where retailers include Greggs, Specsavers, Card Factory and Holland & Barrett. Other nearby occupiers include Iceland, B&M, Heron Foods, Savers, Farmfoods and Poundland.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a shop arranged on the ground, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First Second
Retail/Ancillary Ancillary Ancillary
120.00 46.50 46.30
(1,292) (501) (498)
SCOPE (2) (t/a Scope)
10 years from 24/06/2015 on a full repairing and insuring lease
£17,000
Total
212.80
(2,921)
£17,000
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) For the year ending 31st March 2022, Scope reported a turnover of £44,165,000 and a net worth of £43,246,000 (www.northrow.com)
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.