Let to Kwik-Fit Properties Ltd (guaranteed by Kwik-Fit Holdings Ltd) until December 2030
Currently divided into two units trading as United Carpets and Just For Pets
Prominent corner location fronting the busy Bristol Road South (A38)
Nearby occupiers include Sainsburys Superstore, Aldi, The Money Shop, William Hill and KFC
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 14
Auction 11th February 2016
Rent £186,956 per Annum Exclusive
Status Sold Prior
Price
Sector Retail Warehouse
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA Receivers
Property Information
Location
Miles
6 miles south-west of Birmingham, 19 miles north-east of Worcester and 22 miles west of Coventry
Roads
A38, M5 (Junction 4), M42
Rail
Northfield (18 minutes to Birmingham New Street)
Air
Birmingham International Airport
Situation
The property is located in one of Birmingham’s largest suburbs, 6 miles southwest of the City Centre. The property is situated in a prominent corner location on Chatham Road at it’s junction with the busy Bristol Road South (A38). The property is located adjacent to Northfield Leisure Centre and opposite Sainsburys Superstore, with other nearby occupiers including Aldi, William Hill, The Money Shop and KFC.
Tenure
Freehold.
Location
Miles
6 miles south-west of Birmingham, 19 miles north-east of Worcester and 22 miles west of Coventry
Roads
A38, M5 (Junction 4), M42
Rail
Northfield (18 minutes to Birmingham New Street)
Air
Birmingham International Airport
Situation
The property is located in one of Birmingham’s largest suburbs, 6 miles southwest of the City Centre. The property is situated in a prominent corner location on Chatham Road at it’s junction with the busy Bristol Road South (A38). The property is located adjacent to Northfield Leisure Centre and opposite Sainsburys Superstore, with other nearby occupiers including Aldi, William Hill, The Money Shop and KFC.
Tenure
Freehold.
Description
The property comprises a standalone building currently arranged as two retail units. The property benefits from on-site parking for approximately 34 cars.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a standalone building currently arranged as two retail units. The property benefits from on-site parking for approximately 34 cars.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
Ground First
Retail Ancillary
1,192 sq m 113 sq m
(12,839 sq ft) (1,218 sq ft)
KWIK-FIT PROPERTIES LTD (1) (2) GUARANTEED BY KWIK-FIT HOLDINGS LTD
30 years from 28/12/2000 on a full repairing and insuring lease
£186,956.05
28/12/2020 and 28/12/2025 (27/12/2030)
Totals
1,305 sq m
(14,057 sq ft)
£186,956.05
(1) Kwik-Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 centres. (Source: www.kwik-fit.com) (2) The tenant has sublet the property.
