32 Grove Avenue, Moseley, Birmingham, West Midlands, B13 9RY

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Well-located period property located in an affluent residential area within Moseley, one of South Birmingham's most popular suburbs • 15 years of unbroken income • Excellent inherent income growth • Full FRI lease to a single tenant • Underpinned by solid residential capital values • Approximately 4,273 sq.ft on a generous plot of 0.3 acres

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 51 Regent Parade, Birmingham, B1 3NS

Full Description: LocationThe property is situated on the edge of Moseley Village, in a predominantly residential road, 200m from Moseley Tennis Club and c.500m from thejunction with Alcester Road and Sailsbury Road.DescriptionA rare opportunity to acquire 15 years term certain of government-backed commercial property income with annually-indexed, uncapped reviews in the desirable Birmingham suburb of Moseley.Tenure CommentsThe property is occupied by way of a new 15-year FRI lease, without break, at a passing rent of £67,534.64 pax, exclusive. The rent review pattern is annual, with fixed increases linked to RPI on an uncapped basis. The next RPI increase is 4th September 2026. The tenant is Birmingham and Solihull Mental Health NHS Foundation Trust. The trusts 2023 budget is published as £300m and it is responsible for some 1.3m people spread over an areaof 172 square miles. The tenant covenant is underpinned by the wider NHS and, ultimately, the UK Government.EPCThe building has an Energy performance operational rating for non-domestic buildings of D (100) and the EPC is valid until 30th May 2026.Service Charge InformationNoneVATWe are advised that the property has not been elected for VAT, however, interested parties are advised to make their own enquires as part of their due diligence.Legal CostsEach party will be responsible for covering their own legal costs incurred in the transaction.