Land
Prospective purchasers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
False
The property is situated off Ludgate Hill between Birmingham City Centre and St Pauls Square and within the Jewellery Quarter Conservation Area.
The property benefits from excellent access to the motorway network via the A38 which is about a third of a mile distant.
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property comprises an irregular parcel of open land with access from Ludgate Hill which extends in total to about 0.07 acres (0.03 hectares) and is adjacent to the Birmingham & Fazeley Canal with a sub-station in the one corner fronting onto Ludgate Hill. Other than the sub-station use we understand that the site is currently used for car parking.
Land & Development Opportunities & Garages
The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
Mains services are understood to be available in the vicinity of the property, but prospective purchasers should make their own independent enquiries as to the suitability of services for their particular requirements.
A Freehold Investment Opportunity currently comprising a Car Park and Sub-Station situated in a Canal Side position close to Birmingham City Centre
Current Gross Income: £12,025 pa
We understand that the majority of the site is let as a car park for a term of 10 years from 30th October 2005 to 29th October 2015 and with the current rent passing being £12,000 per annum. There is also a sub-station on the site which we understand is let separately for a term of 75 years commencing on 25th March 1966 at a rent of £25 per annum.
Full details of the tenancies and a copy of the Lease will be available in the legal pack.
We understand that the property is Freehold and is being sold subject to the existing tenancies. For further information in this regard please refer to the legal pack.
We are informed that VAT will be charged in addition to the purchase price.
External viewings only.
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