The site extends to approximately 0.53 acres (0.21 ha) and benefits from frontage on Moor Lane. From the completion of the transaction, a restriction will be placed on the title, limiting the use of the site to mirror the use(s) permitted within the headlease (or subsequent agreements). This restriction will last for 10 years and all other uses will be prohibited during this period.
- Ref: 2087967
- Tenure: Freehold
- Types: Industrial Investment
- Size: 0.53 ac
- Freehold: £420,000 for the freehold
Key Features
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Industrial ground rent investment
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Site extends to approx. 0.53 acres (0.21 ha)
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Let from and including 21 April 1972 - 22 December 2060
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Approximately 35 years unexpired
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Current rent £22,000 per annum
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Estimated Rental Value approx. £26,300 per annum
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Next rent review is 21 April 2047
Location
Site Known As 1a, 1b And 2, Nason House, Moor Lane, Birmingham, West Midlands, B6
The properties are all located in the Perry Barr area of the city, approximately 3.5 miles north of the city centre. The site is situated either on, or adjacent to Moor Lane, which is an area characterised by industrial uses.
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