962 Bristol Road South Northfield Birmingham West Midlands B31 2PE

962 Bristol Road South
Northfield
Birmingham
West Midlands
B31 2PE

Freehold Ground Rent Investment

Highly reversionary Freehold Ground Rent
Let to St Ermins Property Company Ltd with 11 years unexpired
Valuable Reversion in 2035
Ground floor shop with ancillary basement and first floor
0.03 Ha (0.08 Acres) site
Prominent roadside location
Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi
VAT Free Investment

Lot
42
Auction
25th September 2024
Rent
£13 per Annum Exclusive
Status
Available
Guide*
£70,000
Auction Venue
Live Streamed Auction

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Freehold Ground Rent Investment

Highly reversionary Freehold Ground Rent
Let to St Ermins Property Company Ltd with 11 years unexpired
Valuable Reversion in 2035
Ground floor shop with ancillary basement and first floor
0.03 Ha (0.08 Acres) site
Prominent roadside location
Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi
VAT Free Investment

Lot 42
Auction 25th September 2024
Rent £13 per Annum Exclusive
Status Available
Guide* £70,000
Sector
Ground Rent
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles south-west of Birmingham City Centre
Roads: A38, M5 (Junction 4), M42
Rail: Northfield (18 Minutes to Birmingham New Street)
Air: Birmingham International Airport

Situation

Northfield is one of Birmingham's largest suburbs, 6 miles south-west of the City Centre. The property is situated on the eastern side of Bristol Road South (A38), a principal arterial route connecting Birmingham with the M5 motorway, close to its junction with Great Stone Road. Nearby occupiers include Sainsbury's, JD Wetherspoon, Northfield Leisure Centre, Aldi and mix of local retailers restaurants and cafes.

Tenure

Freehold.

Location

Miles: 6 miles south-west of Birmingham City Centre
Roads: A38, M5 (Junction 4), M42
Rail: Northfield (18 Minutes to Birmingham New Street)
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a site of 0.03 Ha (0.08 Acres) upon which sits a building providing ground floor retail accommodation and ancillary accommodation on the lower ground and first floors with a total approximate floor area of 112.46 sq. m. (1,210 sq. ft.) (Source: http://www.voa.gov.uk).

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Approx Site Area Ha	Approx Site Area (Acres)	Tenant	Term	Rent	Reversion
0.03	(0.08)	ST ERMINS PROPERTY COMPANY LIMITED	99 years from 25/12/1936	£13.50	25/12/2035

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.