16 Pride Hill Shrewsbury Shropshire SY1 1DQ

16 Pride Hill
Shrewsbury
Shropshire
SY1 1DQ

Freehold Retail Investment

  • Entirely let to The Carphone Warehouse Limited
  • Prime pedestrianised location in historic market town
  • Located between Pride Hill and Darwin Shopping Centres
  • Nearby occupiers include Little Waitrose, Marks & Spencer, WH Smith, Superdrug, McDonald’s, Boots the Chemist and Caffè Nero
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    33
  • Auction
    12th February 2015
  • Rent
    £57,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to The Carphone Warehouse Limited
  • Prime pedestrianised location in historic market town
  • Located between Pride Hill and Darwin Shopping Centres
  • Nearby occupiers include Little Waitrose, Marks & Spencer, WH Smith, Superdrug, McDonald’s, Boots the Chemist and Caffè Nero
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 33
  • Auction 12th February 2015
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
15 miles west of Telford
43 miles north-west of Birmingham
Roads
A5, A49, A458, M54 (Junction 7)
Rail
Shrewsbury Railway Station
Air
Birmingham International Airport
Situation

The property is located in the historic market town of Shrewsbury, prominently situated in a prime location on the north side of the pedestrianised Pride Hill. The property benefits from being positioned between The Pride Hill and Darwin Shopping Centres and further benefits from a public car park for approximately 50 cars located immediately to the rear. Nearby occupiers include Little Waitrose, Marks & Spencer, WH Smith, Superdrug, McDonald’s, Boots the Chemist and Caffè Nero.

Tenure

Freehold.

Location
Miles
15 miles west of Telford
43 miles north-west of Birmingham
Roads
A5, A49, A458, M54 (Junction 7)
Rail
Shrewsbury Railway Station
Air
Birmingham International Airport
Situation

The property is located in the historic market town of Shrewsbury, prominently situated in a prime location on the north side of the pedestrianised Pride Hill. The property benefits from being positioned between The Pride Hill and Darwin Shopping Centres and further benefits from a public car park for approximately 50 cars located immediately to the rear. Nearby occupiers include Little Waitrose, Marks & Spencer, WH Smith, Superdrug, McDonald’s, Boots the Chemist and Caffè Nero.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the sub-basement, basement, first, second and third floors.

Six Week Completion

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 ground floor retail accommodation with ancillary accommodation in the sub-basement, basement, first, second and third floors.

Six Week Completion

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 Reversion
Sub-Basement
Basement
Ground
First
Second
Third
Ancillary
Ancillary
Retail/Ancillary
Ancillary
Ancillary
Ancillary
19.20 sq m
50.89 sq m
56.93 sq m
54.20 sq m
35.51 sq m
37.28 sq m
(207 sq ft)
(548 sq ft)
(613 sq ft)
(583 sq ft)
(382 sq ft)
(401 sq ft)
THE CARPHONE
WAREHOUSE
LIMITED (1)
15 years from 26/11/2002 on a full repairing and insuring lease £57,500 25/11/2017
Totals
254.02 sq m
(2,734 sq ft)
    £57,500

(1) For the year ending 29/03/2014, The Carphone Warehouse Limited reported a turnover of £1,783,596,000, pre-tax profits of £90,986,000 and a total net worth of £955,778,000. (Source: www.riskdisk.com 12/09/2014)

Property Documents

  • Site Plan
    Updated Date
    21.01.15
    File Size
    124 KB
    View PDF
  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    690 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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