177/179 High Street Erdington,West Midlands B23 6SY
Location Estimated District Population: 975,000 Miles: 4 miles north-west of Birmingham 9 miles north-east ofWest Bromwich 17 miles south-east ofWolverhampton
Roads: A38, M6
Position The property is located in a prominent position on High Street, the town’s principal retailing thoroughfare, diagonally opposite its junction with Church Road.
Nearby: Boots the Chemist,WH Smith, Superdrug, B&M Bargains, Poundland, Savers, Iceland and branches of the main banks and building societies
Description TWO SHOPS arranged on the ground floor with FOUR SELF-CONTAINED FLATS arranged on the first and second floors. The property benefits from a rear car park.
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
Present Accommodation (approximate areas) Floor
Accommodation Net Internal Areas Tenant
Ground Sales/Ancillary 187.65 sq m (2,020 sq ft) GEMFINE LIMITED (t/a ID Ladieswear)
Ground Sales/Ancillary 137.02 sq m (1,475 sq ft) MIDAS PET PRODUCTS LIMITED (t/a Erdington Pet Centre)
Ground Car Parking – (–)
Flat 1 Understood to comprise 3 Rooms, Kitchen, Bathroom
Flat 2 Understood to comprise 3 Rooms, Kitchen, Bathroom
Flat 3 Understood to comprise 3 Rooms, Kitchen, Bathroom
Flat 4 Understood to comprise 3 Rooms, Kitchen, Bathroom
Total Commercial Area 324.67 sq m (3,495 sq ft) (1) Annual equivalent rent.
M STARK, G FILSON AND S HENDERSON
AN INDIVIDUAL AN INDIVIDUAL AN INDIVIDUAL AN INDIVIDUAL Term
10 years from 1st October 2011 with a rent review and tenant break option in 2016
15 years from 18th February 2010 with rent review in 2014 and 5 yearly thereafter and tenant break options in 2013 and 2020
Lease expiring 30th September 2016
Regulated Tenancy
Assured Shorthold Tenancy from 3rd October 2011
Assured Shorthold Tenancy (Holding over)
Assured Shorthold Tenancy from 1st April 2010
Total Rent
Rent £ p.a. £25,000
£26,000
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Prominent Freehold Retail and Residential Investment • Two shops let until 2021 and 2025 • Four flats above
• Located close to Central Square Shopping Centre, Iceland, Farmfoods and Poundland
• 6Week Completion Available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Mishcon de Reya Solicitors. t: 0207 440 7055. e: simon.hart@mishcon.com Ref: S Hart Esq.