Comprises 3 buildings (see accommodation below).
Each of the 2 main buildings are 2 storey and flat roofed with primarily double-glazed windows and a full gas fired central heating system.
Externally there are approximately 75 car parking spaces accessed from either road frontage and a lawned, garden area.
The site has excellent potential for a range of alternative uses in particular a medical related use, subject to Landlord's consent.
There is also potential for the ground lease to be extended subject to terms being agreed.
Location
Prominently situated at the junction of Frederick Road and St James Road in Edgbaston, within 0.5 miles of both Five Ways Roundabout and Five Ways Railway Station.
Frederick Road provides direct access (within 100M) to Birmingham’s Middle Ring Road (A4540) and Broad Street/Hagley Road (A456) less than 1 mile from Birmingham’s City Centre.
Edgbaston has an interesting occupier mix including high quality restaurants, private schools, day nurseries, medical uses etc. as well as being a well-established prime office location.
Accommodation
St James House : fronting Frederick Road comprising reception area, meeting rooms, kitchen, WCs and a range of individual offices - 16,725 sq ft / 1,553.7 sq m
“Conference Centre” : At the rear of the site comprising a range of individual offices/meeting rooms with WCs on each floor - 8,384 sq ft / 779 sq m
External Garage/store : adjacent to the St James Rd site entrance - 394 sq ft /36.6 sq m
Site Area - 1.07 acrs or thereabouts
Terms
Disposal Terms
Offers are invited for the combined Leasehold interests on either a conditional or unconditional basis. In the event of consent being required for an alternative use, any approach to the Planning Department or Freeholders must be coordinated through Checkley & Co LLP.
Tenure
The site is held on 2 ground leases as briefly outlined below :
a) St James House (0.816 Acres/ 3,300 m2) : 99 years from 29/9/1954 (expiring 29/9/2053) at a ground rent of £2,000 p.a without review.
b) “Conference Centre” (0.257 Acres/1,038m2) : 82.75 years from 25/12/1970 (expiring 29/9/2053) at a ground rent of £1,610 p.a subject to review on 25/3/2025.
Copies of leases available on request.
Planning
The site is located within the Edgbaston Conservation Area (designated in 1975) and we understand that St James House is locally listed. There have been no recent planning applications in relation to this site since 2004.
We believe the site has potential for a variety of alternative uses.
Uses
Each lease defines the permitted use as being for administrative offices although we believe the premises to be eminently suitable for a range of alternative uses, subject to Planning Consent and Landlord’s approval.
Rating Assessments
2017 List : Rateable Value : £158,000
2023 List : Rateable Value : £252,500
Services
All mains services are available although have not been tested.
EPC
An EPC for the site is currently being prepared.
VAT
VAT may apply to this transaction.
Legal Costs
Each party are to bear their own legal costs. Any costs attributable to obtaining Freeholder’s consent (as required) are to be apportioned by agreement.