253 High Street, Birmingham, B23
£42.50 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
20,000-25,000 sq ft
1,858-2,323 sq m
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION 15TH MAY 2025
- Let to Peacock Stores Properties Limited on Assignment and with Privity of Contract from British-American Tobacco (Holdings) Limited (Formerly Tesco Stores Limited) for 120 years
- 58 Years Unexpired Term
- British-American Tobacco (Holdings) Limited reported Pre Tax Profits of £5.1bn and Net Assets of £25.1bn
- Substantial Building of Approximately 1937.10 sq m (20,851 sq ft)
- 2023 Rent Review Outstanding
- Nearby Occupiers include B&M Store, Tesco Express, KFC, Erdington Library, Erdington Leisure Centre and a range of local businesses
- Rental income £43,100 per Annum Exclusive
Description
The property is prominently situated in on the north side of the busy High Street, approximately 100 metres east of its junction with Summer Road. The immediate locality benefits from an eclectic mix of local retailers and major occupiers include B&M Store, Tesco Express, KFC, Erdington Library, Erdington Leisure Centre,
Tenure
Freehold.
Description
The property comprises a regular and level site of approximately 1045 sq m (1250 sq yards/0.25 Acres), upon which has been constructed a a large format retail building with accommodation on the ground, first and second floors. The property benefits from a rear Car Park and a significant rear frontage to the A5127.
VAT
VAT is not applicable to this lot.
EPC
Band C
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
253 High Street, Birmingham, B23
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Erdington Station0.4 miles
- Gravelly Hill Station0.6 miles
- Chester Road Station1.0 miles
Notes
Disclaimer - Property reference A12997Erdington. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acuitus Limited, Acuitus. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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