222 High Street Erdington Birmingham B23 6SJ

  • 222 High Street<br>Erdington<br>Birmingham<br>B23 6SJ

222 High Street
Erdington
Birmingham
B23 6SJ

Freehold Retail Investment

  • Entirely let to Scope
  • VAT-free Investment
  • Close to Central Square Shopping Centre
  • 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
  • Auction Venue
    Live Streamed Auction
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Freehold Retail Investment

  • Entirely let to Scope
  • VAT-free Investment
  • Close to Central Square Shopping Centre
  • 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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner +44 (0)20 8343 4411jeremy@bsgsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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