Summary - 11 PENTOS DRIVE BIRMINGHAM B11 3TA
1 bed 1 bath Commercial Property
Auction sale; cash buyers and investors preferred.
Freehold commercial ground rent interest on office, warehouse and yard
A freehold commercial ground rent interest secured on a two-storey office, warehouse and yard in Sparkhill. The lot produces a modest ground rent of £200 per annum, with scheduled doubling every 25 years. The property sits in a busy urban location with good transport links and fast broadband, making it suitable for long-term income or a redevelopment play.
This sale is by public auction with unconditional exchange on the fall of the hammer. Note there are additional upfront costs: an administration fee of £3,000 + VAT specified by the seller and the council’s professional fees to be paid by the purchaser. Viewings are external only and the business currently occupying the building will remain unaffected.
Important legal and practical considerations: the lease was granted for 99 years from 14 April 1987 and has approximately 61 years unexpired. This remaining term is likely to restrict mortgage finance options and could deter many lenders. Buyers should study the legal pack closely for the full lease terms and any other liabilities before bidding.
Suited to cash buyers, investors comfortable with auction purchases, or developers able to assess redevelopment potential in a very deprived but well-connected area. The lot offers clear upside as an income purchase or strategic landholding, but it carries material financing and cost risks that must be factored into any offer.
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