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32 Grove Avenue, Moseley, Birmingham, West Midlands, B13 9RY

Guide Price
£1,260,000

£294.87 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

4,273 sq ft

397 sq m

SECTOR

Office for sale

Key features

  • Well-located period property located in an affluent residential area within Moseley, one of South Birmingham's most popular suburbs
  • 15 years of unbroken income
  • Excellent inherent income growth
  • Full FRI lease to a single tenant
  • Underpinned by solid residential capital values
  • Approximately 4,273 sq.ft on a generous plot of 0.3 acres

Description

Location

The property is situated on the edge of Moseley Village, in a predominantly residential road, 200m from Moseley Tennis Club and c.500m from the
junction with Alcester Road and Sailsbury Road.

Description

A rare opportunity to acquire 15 years term certain of government-backed commercial property income with annually-indexed, uncapped reviews in the desirable Birmingham suburb of Moseley.

Tenure Comments

The property is occupied by way of a new 15-year FRI lease, without break, at a passing rent of £67,534.64 pax, exclusive. The rent review pattern is annual, with fixed increases linked to RPI on an uncapped basis. The next RPI increase is 4th September 2026. The tenant is Birmingham and Solihull Mental Health NHS Foundation Trust. The trusts 2023 budget is published as £300m and it is responsible for some 1.3m people spread over an area
of 172 square miles. The tenant covenant is underpinned by the wider NHS and, ultimately, the UK Government.

EPC

The building has an Energy performance operational rating for non-domestic buildings of D (100) and the EPC is valid until 30th May 2026.

Service Charge Information

None

VAT

We are advised that the property has not been elected for VAT, however, interested parties are advised to make their own enquires as part of their due diligence.

Legal Costs

Each party will be responsible for covering their own legal costs incurred in the transaction.

Brochures

32 Grove Avenue, Moseley, Birmingham, West Midlands, B13 9RY

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hall Green Station1.7 miles
  • Yardley Wood Station1.8 miles
  • Small Heath Station1.8 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 302FH. 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 Creative Retail, Birmingham. 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.

Map data ©OpenStreetMap contributors.

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