08449 02 03 04 gva.co.uk/6087

MCC House Warner Street Digbeth Birmingham B12 0JG

Redevelopment/ Investment Opportunity

For Sale On behalf of the Joint LPA Receivers

• Warehouse/Trade Counter premises with secure yard

• 14,378 sq ft (1,335 sq m) on 0.45 acres

(0.18 hectares) • Existing occupiers • Redevelopment potential - expired consent

for 54 apartments • EPC rating ‘E’ • Unconditional offers invited

For further information contact:

Mark Ingram T: 0121 609 8045

E: mark.ingram@gva.co.uk

Location The property is situated on the corner of Warner Street and Warwick Street, within a predominantly industrial area interspersed with recent residential developments, just to the south east of Birmingham City Centre. The property is just within the A4540 middle ring road and close to the B4100 Camp Hill.

Description The property comprises of a warehouse premises of brick construction with mainly pitched roof surfaces. At ground floor level there is a warehouse/trade counter area with ancillary offices with variable eaves heights, with a maximum of 4.4m. There is a roller shutter loading door fronting Warwick Street, and access from a secure yard/parking area from Warner Street. At upper level on the corner of Warwick Street and Warner Street is further accommodation currently utilised as a coffee bar.

Accommodation We calculate the approximate gross internal area to be as follows: Ground floor warehouse/trade counter - 10,578 sq ft (982 sq m) Upper level- 3,800 sq ft (353 sq m) Total Gross Internal Area- 14,378 sq ft (1,335 sq m) The total site area extends to approximately 0.45 acres (0.18 hectares)

Occupation The warehouse/trade counter area is occupied by Midland Catering, a business owned by the Bank’s customer. There is no lease or agreement currently in place. The upper floor is occupied by Mr Hainey who trades as Havana Lounge, having undertaken substantial internal refurbishment works. We understand Mr Hainey would be prepared to enter into a 5 year lease with repairing obligations limited by a schedule of condition. The rental to be £12,000 per annum for year 1 and £15,000 per annum thereafter.

Planning Planning consent was granted under reference C/00045/07/SUL for the erection of 54 apartments with parking in 2007. An application to renew in 2010 was rejected due to lack of a suitable planning obligation to secure affordable housing. Interested parties should make their own enquiries with Birmingham City Council on 0121 303 1115.

Services We understand that all mains services are available; however these have not been tested. Interested parties should make their own enquiries with the relevant statutory undertakers

Rating Assessment We understand the warehouse has a rateable value of £19,250 and upper floor £7,900. The Billing Authority is Birmingham City Council. The 2012/13 rate in the pound is 45.8 pence.

Tenure We understand that the property edged red on the attached plan (for identification purposes only) is held freehold and is subject to the occupational situation. Vacant possession will not be provided.

Asking Price Unconditional offers are invited for the freehold interest.

VAT All prices are quoted exclusive of any VAT liability.

Legal Costs Each party to be responsible for their own legal costs.

Further Information For further information, please contact: Mark Ingram T: 0121 609 8045 E: mark.ingram@gva.co.uk SUBJECT TO CONTRACT 01B221695/0213

Location The property is situated on the corner of Warner Street and Warwick Street, within a predominantly industrial area interspersed with recent residential developments, just to the south east of Birmingham City Centre. The property is just within the A4540 middle ring road and close to the B4100 Camp Hill.

Description The property comprises of a warehouse premises of brick construction with mainly pitched roof surfaces. At ground floor level there is a warehouse/trade counter area with ancillary offices with variable eaves heights, with a maximum of 4.4m. There is a roller shutter loading door fronting Warwick Street, and access from a secure yard/parking area from Warner Street. At upper level on the corner of Warwick Street and Warner Street is further accommodation currently utilised as a coffee bar.

Accommodation We calculate the approximate gross internal area to be as follows: Ground floor warehouse/trade counter - 10,578 sq ft (982 sq m) Upper level- 3,800 sq ft (353 sq m) Total Gross Internal Area- 14,378 sq ft (1,335 sq m) The total site area extends to approximately 0.45 acres (0.18 hectares)

Occupation The warehouse/trade counter area is occupied by Midland Catering, a business owned by the Bank’s customer. There is no lease or agreement currently in place. The upper floor is occupied by Mr Hainey who trades as Havana Lounge, having undertaken substantial internal refurbishment works. We understand Mr Hainey would be prepared to enter into a 5 year lease with repairing obligations limited by a schedule of condition. The rental to be £12,000 per annum for year 1 and £15,000 per annum thereafter.

Planning Planning consent was granted under reference C/00045/07/SUL for the erection of 54 apartments with parking in 2007. An application to renew in 2010 was rejected due to lack of a suitable planning obligation to secure affordable housing. Interested parties should make their own enquiries with Birmingham City Council on 0121 303 1115.

Services We understand that all mains services are available; however these have not been tested. Interested parties should make their own enquiries with the relevant statutory undertakers

Rating

Assessment We understand the warehouse has a rateable value of £19,250 and upper floor £7,900. The Billing Authority is Birmingham City Council. The 2012/13 rate in the pound is 45.8 pence.

Tenure We understand that the property edged red on the attached plan (for identification purposes only) is held freehold and is subject to the occupational situation. Vacant possession will not be provided.

For further information or an appointment to view please contact:

Mark Ingram T: T: 0121 609 8045 E: E: mark.ingram@gva.co.uk

For further information contact:

Mark Ingram T: 0121 609 8045

E: mark.ingram@gva.co.uk

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08449 02 03 04 gva.co.uk/6087

GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only. Printed by www.ps2property.co.uk