Let to tenants trading as British Heart Foundation and Leigh Jones Butchers & Delicatessen
Comprises two retail units totalling 3,618 sq ft
Tenant of No. 53 in occupation since 1983
Benefits from a substantial yard to the rear
Prominent town centre location on pedestrianised High Street
Nearby occupiers include Boots the Chemist, WH Smith, Pizza Express, Prezzo, Costa and Poundland
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 38
Auction 13th October 2016
Rent £53,000 per Annum Exclusive
Status Sold
Price £580,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers - CBRE
Property Information
Location
Miles
15 miles north-east of Worcester, 15 miles south-west of Birmingham
Roads
A38, A448, M5, M42
Rail
Bromsgrove Railway Station (links to Birmingham New Street and London Euston)
Air
Birmingham International Airport
Situation
The property is situated in the heart of the town centre in a prominent trading position on the west side of the pedestrianised High Street. Nearby occupiers include Boots the Chemist, WH Smith, Pizza Express, Prezzo, Costa and Poundland.
Tenure
Freehold.
Location
Miles
15 miles north-east of Worcester, 15 miles south-west of Birmingham
Roads
A38, A448, M5, M42
Rail
Bromsgrove Railway Station (links to Birmingham New Street and London Euston)
Air
Birmingham International Airport
Situation
The property is situated in the heart of the town centre in a prominent trading position on the west side of the pedestrianised High Street. Nearby occupiers include Boots the Chemist, WH Smith, Pizza Express, Prezzo, Costa and Poundland.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with ancillary accommodation on the first floor. The property benefits from a substantial yard to the rear accessed from Crown Close.
NB. The adjoining property, No. 49 High Street will be offered as
Lot 87 in this catalogue.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries.
The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with ancillary accommodation on the first floor. The property benefits from a substantial yard to the rear accessed from Crown Close.
NB. The adjoining property, No. 49 High Street will be offered as
Lot 87 in this catalogue.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries.
The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
51
Ground First
Retail/Ancillary
163.90 sq m 86.60 sq m
(1,764 sq ft) (932 sq ft)
BRITISH HEART FOUNDATION (1)
10 years from 16/07/2015 (2)
£30,000
16/07/2020 (15/07/2025)
53
Ground
Retail/Ancillary
85.70 sq m
(922 sq ft)
INDIVIDUAL (t/a Leigh Jones Butchers & Delicatessen)
10 years from 25/06/2008
£23,000
(24/06/2018)
TOTALS
336.20 sq m
(3,618 sq ft)
£53,000
(1) The British Heart Foundation was founded in 1961 and is the UK’s leading heart charity with over 730 retail outlets across the UK (Source: www.bhf.org.uk 07/09/2016). (2) The lease is subject to a tenant option to determine on 31st June 2020.
