Sutton Coldfield is located approximately 8 miles (13km) north of Birmingham city centre, 11.5 miles (18.5km) east of Walsall and 8.5 miles (13.5km) south-west of Tamworth.
The town benefits from excellent road links via the M6 which provides access to Manchester (95 miles) and the North West. The town also has easy access to the M42, to the east of the town, which in turn leads to the M5 and the south and west of England.
By rail there are direct and frequent commuter services from the town to Birmingham New Street (19 mins), which in turn provides direct connections to London (81 mins). Sutton Coldfield railway station is located within a 5 minute walk of the property.
Birmingham International Airport is located 14 miles (22.5km) south-east of the town, providing regular domestic and international flights.
The property comprises two well configured retail units arranged over ground, basement and first floors. 67 Parade utilises ground and basement only.
63-67 Parade is held freehold as outlined in red on the Title Plan.
Further information can be found within the schedule below.
A summary of the last three years of reported accounts for both tenants is set out in the link below.
Superdrug Stores plc
Superdrug is the United Kingdom's second largest beauty and health retailer, currently operating stores in England, Scotland, Wales and Ireland.
Superdrug is owned by AS Watson, the retail division of the Hong Kong based conglomerate CK Hutchinson Holdings Limited.
HSBC Bank plc
HSBC is one of the world's largest banking organisations serving more than 37 million customers from 70 countries. The company has approximately 4,000 offices worldwide and is listed on the London, New York, Paris and Bermuda stock exchanges.
The property has been elected for VAT. We anticipate that the transaction will be treated as a Transfer of a Going Concern (TOGC).
Offers sought in excess of £2,400,000, reflecting a net initial yield of 7.78%.
Subject to contract and exclusive of VAT. Yields are net of purchaser's costs at 6.36%.