Not Specified
The site was formerly the Saltley Canal Depot, now known as Cornwall Industrial Estate and consists of 5 units and car parking, believed to have been constructed in circa 1970.
The Vendor holds the Freehold Interest in the property, now known as Cornwall Industrial Estate, subject to two 125 year Leases, expiring 2096.
Units 1, 2, 3 and 5 are held under a Lease dated 16th July 1971, with a passing rent of £10,750 per annum and comprising a 21 year rent review pattern, the next review falling in 2034.
Unit 4 is held under a Lease dated 23rd September 1974, subject to a peppercorn rent without review.
The Long Leaseholds are currently vested in Ardencroft Estates Ltd, who we understand have subsequently underlet Units 2, 4 and 5 on a Long Leasehold basis, with the remaining two units let on a more short term basis.
We are advised that the combined floor area of the 5 units is approximately 23,170 sq.ft. (2,152 sq.m.). The site area extends to approximately 0.79 acres (3,250 sq.m.).
Cornwall Industrial Estate is located to the east of the Grand Union Canal, on the corner of Duddeston Mill Road and Adderley Road, Saltley, approximately 1.5 miles east of Birmingham City Centre.
We understand that VAT will be chargeable on this transaction.
External viewings only.
Freehold.
