For Sale - Bilfinger GVA
For Sale
On behalf of GB Judd, Joint LPA Receiver
414 Birmingham Road Wylde Green Sutton Coldfield West Midlands B72 1YJ
Freehold Investment Opportunity
• Retail unit with first and second floor accommodation • Fully let on 5 year term from 1 October 2015 • Rental £36,000 per annum exclusive • Situated within busy retail parade
For further information, please contact: Ben Holyhead T: 0121 609 8807 E: [email protected] Mark Ingram T: 0121 609 8045 E: [email protected]
• Unconditional offers invited
08449 02 03 04
gva.co.uk/9683
Location
Tenancy Information
The property is situated within a parade of shops within Wylde Green, approximately 6 miles north-east of Birmingham City Centre and 3 miles south of Sutton Coldfield.
The entire property is let to Selwyn Lloyd Bespoke Limited on a 5 year Full Repairing and Insuring lease from 1 October 2015. The commencing rental is £36,000 per annum exclusive subject to upwards only rent review at the end of year 3. The security of tenure provisions of the Landlord and Tenant Act 1954 have been excluded.
The property fronts the A5127 (Birmingham Road), in close proximity to the A452 (Chester Road). Occupiers in the locality include Lloyds Bank, Coral, Lloyds Pharmacy and The Cooperative Food with The Lanes Shopping Centre situated a short distance to the north.
Description The property comprises a three storey brick built premises with a rear parking/yard area. The ground floor provides a retail unit with rear kitchen, toilet and storage accommodation. The upper floors are separately accessed to the rear, and comprise two floors of accommodation in the process of being converted to residential accommodation. The rear yard is accessed from a private access running between Broadfields Road and Florence Road. Restricted public parking is available to the front of the property.
The ground floor is to be utilised as a tailoring business and beauty treatment outlet. The upper floors are to be converted into two self-contained flats by the tenant to be occupied by the employees of the tailoring business. There is a £6,000 rental deposit and the lease is personally guaranteed by the directors of the tenant. A copy of the lease is available on request.
Rating Assessment Ground floor only Billing Authority: Birmingham Description: Shop and Premises Rateable Value: £16,250 The Uniform Business Rate is 49.7p in the £ for the financial year 2016/17.
EPC Information Ground floor retail: F First and Second floors: F
Upper floors: Council Tax band A
Tenure Floor Areas The ground floor retail area is approximately 53.1 sq.m (572 sq.ft) with 9.9 sq.m (107 sq.ft) ancillary accommodation (Net Internal Areas).
We understand that the property outlined in red on the attached plan is held freehold.
Asking Price Unconditional offers invited.
The first and second floor accommodation has a total approximate gross internal area of 111.5 sq.m (1,200 sq.ft).
VAT & Legal Costs
SUBJECT TO CONTRACT 01B510460/04.16
Each party is to bear their own legal costs.
All prices are quoted exclusive of VAT liability.
London Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool Manchester Newcastle Published by Bilfinger GVA 65 Gresham Street, London EC2V 7NQ. ©2015 Copyright Bilfinger GVA Bilfinger GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide Limited, an independent partnership of property advisers operating globally. Bilfinger GVA is a Bilfinger Real Estate company.
For further information, please contact: Ben Holyhead T: 0121 609 8807 E: [email protected]
Mark Ingram T: 0121 609 8045 E: [email protected] Subject to Contract – 01B510460 - 04/16
08449 02 03 04
gva.co.uk/9683 Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
On behalf of GB Judd, Joint LPA Receiver
414 Birmingham Road Wylde Green Sutton Coldfield West Midlands B72 1YJ
Freehold Investment Opportunity
• Retail unit with first and second floor accommodation • Fully let on 5 year term from 1 October 2015 • Rental £36,000 per annum exclusive • Situated within busy retail parade
For further information, please contact: Ben Holyhead T: 0121 609 8807 E: [email protected] Mark Ingram T: 0121 609 8045 E: [email protected]
• Unconditional offers invited
08449 02 03 04
gva.co.uk/9683
Location
Tenancy Information
The property is situated within a parade of shops within Wylde Green, approximately 6 miles north-east of Birmingham City Centre and 3 miles south of Sutton Coldfield.
The entire property is let to Selwyn Lloyd Bespoke Limited on a 5 year Full Repairing and Insuring lease from 1 October 2015. The commencing rental is £36,000 per annum exclusive subject to upwards only rent review at the end of year 3. The security of tenure provisions of the Landlord and Tenant Act 1954 have been excluded.
The property fronts the A5127 (Birmingham Road), in close proximity to the A452 (Chester Road). Occupiers in the locality include Lloyds Bank, Coral, Lloyds Pharmacy and The Cooperative Food with The Lanes Shopping Centre situated a short distance to the north.
Description The property comprises a three storey brick built premises with a rear parking/yard area. The ground floor provides a retail unit with rear kitchen, toilet and storage accommodation. The upper floors are separately accessed to the rear, and comprise two floors of accommodation in the process of being converted to residential accommodation. The rear yard is accessed from a private access running between Broadfields Road and Florence Road. Restricted public parking is available to the front of the property.
The ground floor is to be utilised as a tailoring business and beauty treatment outlet. The upper floors are to be converted into two self-contained flats by the tenant to be occupied by the employees of the tailoring business. There is a £6,000 rental deposit and the lease is personally guaranteed by the directors of the tenant. A copy of the lease is available on request.
Rating Assessment Ground floor only Billing Authority: Birmingham Description: Shop and Premises Rateable Value: £16,250 The Uniform Business Rate is 49.7p in the £ for the financial year 2016/17.
EPC Information Ground floor retail: F First and Second floors: F
Upper floors: Council Tax band A
Tenure Floor Areas The ground floor retail area is approximately 53.1 sq.m (572 sq.ft) with 9.9 sq.m (107 sq.ft) ancillary accommodation (Net Internal Areas).
We understand that the property outlined in red on the attached plan is held freehold.
Asking Price Unconditional offers invited.
The first and second floor accommodation has a total approximate gross internal area of 111.5 sq.m (1,200 sq.ft).
VAT & Legal Costs
SUBJECT TO CONTRACT 01B510460/04.16
Each party is to bear their own legal costs.
All prices are quoted exclusive of VAT liability.
London Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool Manchester Newcastle Published by Bilfinger GVA 65 Gresham Street, London EC2V 7NQ. ©2015 Copyright Bilfinger GVA Bilfinger GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide Limited, an independent partnership of property advisers operating globally. Bilfinger GVA is a Bilfinger Real Estate company.
For further information, please contact: Ben Holyhead T: 0121 609 8807 E: [email protected]
Mark Ingram T: 0121 609 8045 E: [email protected] Subject to Contract – 01B510460 - 04/16
08449 02 03 04
gva.co.uk/9683 Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
