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Lot 1

Freehold Commercial Investment
By order of Executors
6 Week Completion

Situation

Occupying a prominent trading position in this local shopping centre, close to branches of Co-op Supermarket, Harrisons, Sue Ryder and a host of local traders, all serving the surrounding mainly residential area.
West Heath is part of the Birmingham conurbation located approximately 7½ miles south-west of the City Centre and enjoying good road communications with the A38 which leads to the M5 and the A441 which leads to the M42.

Property

An end-terraced building comprising a Large Ground Floor Shop with internal access to Ancillary Storage at first floor level.
The property includes a front forecourt allowing parking for 4 cars.

Accommodation

Ground Floor Shop
Gross Frontage 29'0”
Internal Width 27'0”
Shop Depth 43'5”
Built Depth 79'0”
Sales Area Approx. 995 sq ft
Storage Area Approx. 500 sq ft plus WC
First Floor Ancillary
Area Approx. 705 sq ft

Total Area Approx. 2,200 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Boots UK Limited (having approx. 2,500 branches) (T/O for Y/E 31/08/2019 £6.667 billion, Pre-Tax Profit £217 million and Shareholders' Funds £2.11 billion) for a term of 5 years from 16th October 2013 (in occupation for circa 33 years) at a current rent of £11,000 per annum exclusive.

Note 1: The Lessees have been holding over since October 2018.

Note 2: The Lessees are paying their rent monthly by way of a personal concession.

Note 3: There may be potential to convert the upper part to Residential use, subject to obtaining possession and the necessary consents.

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

11 Alvechurch Road, West Heath, Birmingham, West Midlands B31 3JP