Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Oriel College Oxford
Property Information
Location
Miles
31 miles north-west of Birmingham, 57 miles south of Manchester, 65 miles south-west of Sheffield
Roads
A518, A41, M54 (Junction 3)
Rail
Wellington Rail
Air
Birmingham International Airport
Situation
Newport is a market town in the county of Shropshire some 6 miles north of Telford and some 12 miles west of Stafford. The property is located on Audley Avenue, in a retail warehouse/industrial location approximately 1 mile southeast of the town centre, just off the A518 and close to the A41 which links London with Birkenhead. The property lies opposite Aldi with other occupiers including John Deere, MJ Motorcare and Beds-For-You.
Tenure
Freehold.
Location
Miles
31 miles north-west of Birmingham, 57 miles south of Manchester, 65 miles south-west of Sheffield
Roads
A518, A41, M54 (Junction 3)
Rail
Wellington Rail
Air
Birmingham International Airport
Situation
Newport is a market town in the county of Shropshire some 6 miles north of Telford and some 12 miles west of Stafford. The property is located on Audley Avenue, in a retail warehouse/industrial location approximately 1 mile southeast of the town centre, just off the A518 and close to the A41 which links London with Birkenhead. The property lies opposite Aldi with other occupiers including John Deere, MJ Motorcare and Beds-For-You.
Tenure
Freehold.
Description
The property comprises a single storey retail warehouse unit benefitting from a large customer car park fronting Audley Avenue and a roller shutter door and yard area to the rear with access.
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 a single storey retail warehouse unit benefitting from a large customer car park fronting Audley Avenue and a roller shutter door and yard area to the rear with access.
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
Review
Ground
Retail Warehouse
1,277.40 sq m
(13,750 sq ft)
COUNTRYWIDE FARMERS PLC (1)
20 years from 01/10/2002 until 30/09/2022 on a full repairing and insuring lease
£156,400
01/10/2017
Totals
1,277.40 sq m
(13,750 sq ft)
£156,400
(1) For the year ending 31 May 2014, Countrywide Farmers Plc reported a turnover of £298,172,000, pre-tax profits of £1,063,000 and a total net worth of £19,905,000. (Source: www.riskdisk.com 25/09/2015) Countrywide is the leading supplier of products and services to the rural community with 67 stores across the UK. (Source: www.countrywidefarmers.co.uk 29/09/2015)
