Entirely let to Specsavers Optical Superstores Limited
Lease expires July 2024 (subject to option)
Prime trading location on pedestrianised Park Street
Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct
Close to The Saddlers Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 51
Auction 30th March 2017
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles east of Wolverhampton, 9 miles north-west of Birmingham
Roads
A34, A454, A461, A4148, M5, M6 (Junction 10)
Rail
Walsall Railway Station (direct to Birmingham New Street approximately 22 mins)
Air
Birmingham International Airport
Situation
The property is situated in a prime retailing position on the western side of the pedestrianised Park Street, near to The Saddlers Shopping Centre in the heart of the town centre. Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct. The nearby Saddlers Shopping Centre car park provides car parking for approximately 480 cars.
Tenure
Freehold.
Location
Miles
6 miles east of Wolverhampton, 9 miles north-west of Birmingham
Roads
A34, A454, A461, A4148, M5, M6 (Junction 10)
Rail
Walsall Railway Station (direct to Birmingham New Street approximately 22 mins)
Air
Birmingham International Airport
Situation
The property is situated in a prime retailing position on the western side of the pedestrianised Park Street, near to The Saddlers Shopping Centre in the heart of the town centre. Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct. The nearby Saddlers Shopping Centre car park provides car parking for approximately 480 cars.
Tenure
Freehold.
Description
The property comprises a ground floor shop with consultation rooms and ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with consultation rooms and ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Review
Ground First
Second
Retail Consultation Rooms/ Ancillary Ancillary
228.73 sq m 61.90 sq m
56.60 sq m
(2,462 sq ft) (666 sq ft)
(609 sq ft)
SPECSAVERS OPTICAL SUPERSTORES LIMITED (1)
15 years from 17/07/2009 until 16/07/2024 on a full repairing and insuring lease (2)
£95,000
17/07/2019
Totals
347.23 sq m
(3,737 sq ft)
£95,000
(1) For the year ending 29th February 2016, Specsavers Optical Superstores Limited reported a turnover of £673,564,000, pre-tax profits of £28,776,000 and a total net worth of £53,648,000 (Source: Experian Group 06/02/2017). (2) The lease provides for a tenant option to determine on 17/07/2019 subject to six months’ prior written notice.