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
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.
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
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.
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.
