Le Cradley Heath t t 1 o 121 High Street 2 E C s e 2 0 ta n 26 t tr w es a B64 5HE l 2 M ith Lt d i T ou dl t un an • Substantial Freehold O b t L LOT 221 r il ds Supermarket Investment ea ks • Comprising a total of 1,006.57 sq m (10,835 sq ft) • Entirely let to Central Midlands Estates Ltd, a wholly owned subsidiary of Central Co-operative Ltd (not in occupation) • Lease expires 2026 (no breaks) • Lease predates Landlord & Tenant (Covenants) Act 1995 • No VAT applicable • Conversion and/or redevelopment potential (1) • Total Current Rents Reserved £75,971.52 pa

SIX WEEK COMPLETION AVAILABLE

Tenure Tenancy Freehold. The entire property is at present let to CENTRAL MIDLANDS ESTATES LTD for a term of 63 years from 24th June 1963 at a Location current rent of £ 72,600 per annum without further review. The lease Cradley Heath is a suburb of located 3 miles south of contains full repairing and insuring covenants. , 2 miles north of and 9 miles west of Birmingham There is an additional rent of £3,371.52 per annum payable under the city centre. There are good road communications, with Halesowen terms of a Deed of Variation dated 13th June 1995 which lifted the Road linking with the A459 and A100, which in turn provide access to restriction on alcohol sales. the M5 motorway at Junction 2, via the A4034, some 3 miles to the NB. The tenant is not in occupation. north-east. The property is located on the north side of the High Street, opposite Tenant Information a pedestrian crossing and the pedestrianised Market Square. Central Midlands Estates Ltd are a wholly owned subsidiary of Central Occupiers close by include Iceland ,HSBC, JD Wetherspoon, the Post England Co-operative Ltd. Office and West Brom Building Society , amongst many others. Website: www. midlands. coop Description Planning (1) This substantial property is arranged on ground and one upper floor to The upper floors and rear of the property may have conversion and/or provide a large ground floor supermarket with ancillary redevelopment potential, subject to the existing lease and obtaining all accommodation above. the relevant consents. All enquiries should be referred to Metropolitan Borough Council. Website: www. sandwell. gov.uk Lot 202 The property provides the following accommodation and dimensions: Ground Floor 913.67 sq m (9,835 sq ft) VAT The Property First Floor 92.90 sq m (1,000 sq ft) VAT is not applicable to this lot. Total 1,006.57 sq m (10,835 sq ft) Documents The legal pack will be available from the website www.allsop.co.uk NB. Not inspected by Allsop. Areas provided by the Vendor. Energy Performance Certificate For EPC Rating please see website.

Prospective buyers are strongly advised to read the Auctioneers’ Notices Part One and Part Two and all applicable conditions of sale and addenda Seller’s Solicitor Jonathan Jacob, Bower Cotton Solicitors LLP . Tel: 0207 353 1313 e-mail: jonathan.jacob@ bowercotton. co.uk 299