Nearby occupiers include Boots, Lloyds TSB, Betfred and Cheltenham & Gloucester
Opposite the Swan Shopping Centre
Lot 45
Auction 11th December 2014
Rent £40,000 per Annum Exclusive
Status Sold
Price £275,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
17 miles south of Wolverhampton 19 miles south-west of Birmingham
Roads
A442, A448, A449, A456, M5, M42
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
The property is situated in a prominent location on the southern side of Coventry Street close to its junction with Blackwell Street and on the edge of the pedestrianised pitch leading to the High Street. The property is located opposite The Swan Shopping Centre which houses occupiers such as H Samuel, Boots, B & M Bargains and Vodafone, with other nearby occupiers including Lloyds TSB, Betfred, WH Smith and Cheltenham & Gloucester.
Tenure
Freehold.
Location
Miles
17 miles south of Wolverhampton 19 miles south-west of Birmingham
Roads
A442, A448, A449, A456, M5, M42
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
The property is situated in a prominent location on the southern side of Coventry Street close to its junction with Blackwell Street and on the edge of the pedestrianised pitch leading to the High Street. The property is located opposite The Swan Shopping Centre which houses occupiers such as H Samuel, Boots, B & M Bargains and Vodafone, with other nearby occupiers including Lloyds TSB, Betfred, WH Smith and Cheltenham & Gloucester.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
Six Week Completion
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 ground floor retail unit with ancillary accommodation on the first floor.
Six Week Completion
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
Review
Ground First
Retail/Ancillary Ancillary
162.58 sq m 187.57 sq m
(1,750 sq ft) (2,019 sq ft)
CRIME REDUCTION INITIATIVES (1)
9 years from 01/04/2011 until 31/03/2020 (2)
£40,000
01/04/2017
Totals
350.15 sq m
(3,769 sq ft)
£40,000
(1) CRI is a social care and health charity funded by the government that works with individuals, families and communities across England and Wales that are affected by drugs, alcohol, crime, homelessness, domestic abuse and antisocial behaviour. (Source: http://www.cri.org.uk/ 14/11/2014). (2)The lease provides a rolling break from 07/07/2014 subject to 6 months’ notice. The break is personal to the tenant and can only be operated within 28 days of the tenant’s government funding being withdrawn.
