1111 Warwick Road, Acocks Green, Birmingham, West Midlands, B27 6RA

Location

Acocks Green is a major conurbation of Birmingham. The property is located on Warwick Road (A41), some 6 miles south east of Birmingham City Centre. Solihull is 4 miles to the south east, Birmingham International Airport is 5 miles to the east, while the NEC is 9 miles to the east. The M42 motorway is 5 miles to the south via Junction 5 of the M6. Acocks Green shopping centre is on the north side of Warwick Road, fronting on to the roundabout junction with Westley Rd and Shirley Rd. Access to the car parking at the rear is via Station Road. This leads to Acocks Green rail station, less than a mile from the property. Motorway is 6.5 miles to the north. Acocks Green rail station is located in close proximity and has frequent services to Birmingham Snow Hill (9 minutes) and Solihull (6 minutes). Acocks Green ward is located in the south east of the city. It has a population of 23,117 making it the 3rd most populous ward in the city. The ward has a similar age profile to the city as a whole and a similar ethnic makeup.

Description

The property comprises a substantial three storey mid parade property with a substantial single storey ground floor extension to the rear. The ground floor comprises a large single storey ground floor extension and is fitted out to Ladbrokes’ usual corporate design. To the first and second floors there is staff ancillary storage and office accommodation.

There is access and car parking available to the rear of the property.

Accommodation

Ground floor – Retail shop extending to approximately 1,805 sq. ft. ( 167.7 sq m) with additional storage and customer WC’s.
First Floor – Staff & storage accommodation – 225 sq. ft. (20.09 sq m)
Second floor - Staff & storage accommodation – 356 sq. ft. (33.10 sq m)

Price

Offers in the region of £450,000 are sought for the Freehold interest.

Tenancy

The property is let in its entirety to LADBROKES BETTING & GAMING LIMITED from 06/9/2021 to 06/9/2026. The passing rent is £35,000 plus VAT per annum exclusive. There is a break clause on at 7/9/2024.

Ladbrokes is a market leader in retail bookmaking in the UK, Ireland, Belgium and Spain where it operates a combined total of more than 2,700 betting shops. The Company also operates betting facilities at eight FA Premiership grounds and nine racecourses, including Ascot. In addition to its extensive retail presence Ladbrokes is a world leader in remote betting and offers thousands of betting markets on a daily basis over the telephone and Internet. The telephone betting operation, utilising call centres in the UK and Malaysia, services around 100,000 customers, while Ladbrokes.com, the Company’s online betting and gaming facility, has attracted more than 765,000 active clients.

VAT

We are advised that VAT is not applicable, but if it is deemed so, then it is anticipated that the sale will be dealt with by way of a transfer of a going concern (TOGC)

EPC

Available upon request.

Legal Costs

Each party are to be responsible for their own legal costs incurred in this transaction.

Anti Money Laundering

In accordance with Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.