Birmingham is the administrative centre of the West Midlands serving a population of some 1 million, and is located at the heart of the national motorway network. Smethwick is a popular town located approximately 4 miles west of Birmingham city centre.
The property forms part of a large parade of shops situated in the centre of Bearwood, on the west side of Bearwood Road, in between the junctions with Anderson Road and Adkins Lane.
Occupiers close by include Factory Shop (adjacent), Aldi, Argos, Poundland, Boots, Tui, RSPCA, Holland & Barrett, British Heart Foundation, NatWest, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.
The property is arranged on ground and one upper floor to provide a double fronted bank with ancillary accommodation above.
The property provides the following accommodation and dimensions.
Parts of the property
Floor Description Area m²/unit
Ground Retail zone a 60.1
Ground Retail zone b 59.6
Ground Retail zone c 49.7
Ground Remaining retail zone 10.9
Ground Public toilets 3
First Office 110.2
The property benefits from a rear car park which is also leased to the bank. There are 8 marked parking spaces accessed via rear gate remote controlled for security purposes.
The entire property is at present let to BANK OF SCOTLAND PLC (t/a Halifax) for a term of 10 years from 30th November 2012 at a current rent of £32,125 per annum. The lease provides for a rent review on 23rd September 2017 and contains full repairing and insuring covenants.
(1) The Vendors have initiated discussions with the lessee for a longer lease.
Bank of Scotland plc is a wholly owned subsidiary of Lloyds Banking Group. For the year ended 31st December 2016, Bank of Scotland plc reported a turnover of £0, a pre-tax profit of £3.395bn, shareholders’ funds of £13.763bn and a net worth of £13.338bn. (Source: Experian 11.01.2018)
VAT is applicable
Energy Performance Certificate
EPC Rating 95 Band D (Copy available on request)