Commercial Development
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £4,000.
The property occupies a prominent position fronting the inner ring road, Great Charles Street Queensway, within the heart of Birmingham City Centre. The Central Birmingham Business District, International Convention Centre, National Indoor Area, the new Birmingham Central Library, Paradise Forum, New Street and Snow Hill Stations all lie within a short walk of the property. The building is considered to occupy a rare opportunity to acquire a prime city centre conversion or potential redevelopment opportunity, subject to the appropriate planning permission.
The property comprises a six storey terraced building of steel frame construction, with concrete floors and believed to have been constructed in the 1920s. There is a stone facade to the front and rendered elevation to the rear. A central atrim is clad with glass faced bricks. There is a tarmac yard and an access road from Lionel Street at the rear.
The building provides approximately 19,251 sq.ft. (1,788 sq.m.), net internal floor space for hospital clinics, office and storage. The land to the rear provides 17 car parking spaces and an access road. The total plot extends to approximately 0.47 acres (0.19 hectares). The property forms part of a wider 3.7 acre City Centre block, as shown on the plan.
Commercial Investment
A Prime City Centre Building, with Development Potential subject to appropriate Planning Permission. Part Investment and Part Vacant Office with Car Parking. Total Plot Extends to approximately 0.47 acres (0.19 hectares)
The property is Long Leasehold for a term of 250 years, commencing on the date of completion, at a peppercorn rent, subject to the following tenancies.
Direct contact with the existing Tenants and Licensees should not be made, all viewings and further details are strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
