Let to GR and MM Blackledge Plc (t/a Grahams/Bodycare)
Tenant in Occupation Since at Least January 2000
Popular Birmingham Suburb
Prominent Double Fronted High Street Position
Residential Development Potential of Upper Parts (subject to consents)
Directly Opposite the Central Square Shopping Centre
Neighbouring Occupiers include B&M, Poundstretcher, JD Wetherspoon, Holland & Barrett, Superdrug, Co-op, Savers and Poundland
Lot 21
Auction 9th July 2024
Rent £68,000 per Annum Exclusive
Status Sold
Price £485,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north-east of Birmingham City Centre
Roads
A38, A452, M6
Rail
Erdington Railway Station
Air
Birmingham City Airport
Situation
Erdington is one of Birmingham's popular residential and retail suburbs, located some 2 miles north of the M6 and 5 miles north-east of Birmingham City Centre. The property is situated in a prominent position on the north side of High Street, directly opposite the entrance to the Central Square Shopping Centre. Nearby occupiers include B&M, Poundstretcher, JD Wetherspoon, Holland & Barrett, Superdrug, Co-op, Savers and Poundland.
Tenure
Freehold.
Location
Miles
4 miles north-east of Birmingham City Centre
Roads
A38, A452, M6
Rail
Erdington Railway Station
Air
Birmingham City Airport
Situation
Erdington is one of Birmingham's popular residential and retail suburbs, located some 2 miles north of the M6 and 5 miles north-east of Birmingham City Centre. The property is situated in a prominent position on the north side of High Street, directly opposite the entrance to the Central Square Shopping Centre. Nearby occupiers include B&M, Poundstretcher, JD Wetherspoon, Holland & Barrett, Superdrug, Co-op, Savers and Poundland.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from a service yard to the rear with parking for two cars. The property may benefit from residential development of the upper parts, subject to consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from a service yard to the rear with parking for two cars. The property may benefit from residential development of the upper parts, subject to consents.
VAT
VAT is applicable to this lot.
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 (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Reversion
Ground First
Retail Ancillary
209.20 98.20
(2,252) (1,057)
GR AND MM BLACKLEDGE PLC (CRN: 01764610) (t/a Graham’s Bodycare) (2)
10 years from 05/01/2015
£65,000
04/01/2025
Total Approximate Floor Area
307.40
(3,309)
£68,000
(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/415601221) (2) For the year ending 31th December 2022, GR and MM Blackledge Plc reported a turnover of £118,776,245, a pre-tax profit of negative £3,420,327 and a net worth of £14,232,284 (Northrow 12/06/2024)
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.
