Barnett Ross Auctioneers and Chartered Surveyors in London

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Occupying a prominent position in the principal retail thoroughfare amongst such multiples as Greggs, Lloyds Pharmacy, Barnardos, Wiiliam Hill, Costcutter and many others.
Rubery forms part of the Birmingham conurbation and is located 5 miles north of Bromsgrove and 9 miles south west of the city centre with the M5 (Junction 4) being 2 miles to the west.

An end of terrace building comprising a Ground Floor Bank with separate side access to Ancillary Office/Store Accommodation on the two upper floors. In addition, the property benefits from lay-by parking at the front and use of a rear service road.

VAT is NOT payable in respect of this Lot

FREEHOLD

Ground Floor Bank
Gross Frontage 17'7"
Net Frontage 16'3"
Bank Depth 67'0"
First Floor
Staff Room Approx 185 sq ft
WC
Second Floor
Storage Area Approx 255 sq ft
WC

The entire property is let on a full repairing and insuring lease to HSBC Bank plc (T/O for Y/E 31/12/2008 £30.97 bn, Pre-Tax Profit £4.37 bn and Net Worth £8.14 bn) for a term of 10 years from 29th September 2004 at a current rent of £18,000 per annum exclusive.

Tenant's Break on 6 months prior notice expiring on a Quarter Day subject to a rent penalty of £4,500.

Note: The property has been used as a bank for over 30 years.