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Lot 28
146 Church Road, Yardley, Birmingham, West Midlands B25 8UT

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6 Week completion

SITUATION

Located within this local shopping centre, adjacent to Betfred and nearby Iceland, Reeds Rains and The Yew Tree Retail Park as well as a host of local retailers all serving the surrounding residential area. Birmingham Airport lies just 2 miles distant.
Yadley is situated approx. 3 ½ miles east of Birmingham City Centre and 13 miles west of Coventry benefitting from good road links via the M42 (Junction 6) and M6 (Junction 4).

PROPERTY

A mid terraced building comprising a Ground Floor Shop with a Rear Yard plus Parking for 1 Vehicle together with separate rear access to a Self-Contained Flat on the first and second floors.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 17'10"
Internal Width 15'9"
Shop Depth 39'5"
Built Depth 45'9"
Sales Area Approx. 620 sq ft plus WC
First & Second Floor Flat
Not inspected - Believed to be 2 Bedrooms, Living Room, Kitchen, Bathroom/WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Scrivens Limited as Opticians (having over 175 branches) (T/O for Y/E 30/10/16 £36.3m, Pre-Tax Profit £3.09m and Shareholders' Funds £3.01m) for a term of 20 years from 25th March 1999 at a current rent of £14,500 per annum exclusive.

Note: The Tenant did not operate their 2014 Break Clause.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.