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Lot 7 Sold: £264,000

Auction: Thursday 26th May 2022

466–468 Witton Road, Aston, Birmingham, West Midlands B6 6SN

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Lot 7   Click here for addendum

Freehold Commercial Investment
6 week completion

Situation

Located close to the junction with Aston Lane, near to a branch of Subway, a large Tesco Superstore, and just a few hundred yards to Villa Park Football Stadium and Witton Train Station, all serving the surrounding residential population.
Aston lies approx. 3 miles to the north of Birmingham city centre and benefits from good road access being within close proximity to the M6 (Junction 6).

Property

An end of terrace building comprising a Ground Floor Betting Shop together with a First Floor (which currently has no access).

Accommodation

Ground Floor Betting Shop
Gross Frontage 30'1"
Internal Width 23'6" (max)
Shop Depth 47'4"
Built Depth 57'8"
3 WCs
First Floor - Not inspected.
(Currently no access.)

VAT is NOT applicable to this Lot

FREEHOLD


Tenancy

The entire property is let on a full repairing and insuring lease to William Hill Organization Limited (T/O for Y/E 29/12/20 £349.5m, Pre-Tax Profit £188.1m and Shareholders' Funds £430.6m) for a term of 10 years from 12th December 2012 at a current rent of £6,250 per annum exclusive.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

JOINT AUCTIONEER:
Day and Bell Surveyors
Tel: 020 8445 3611   Ref: Alex Mason
alex.mason@dayandbell.co.uk

*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.