Entirely let to Midlands Air Ambulance Trading Ltd on a new 10 year lease (subject to options)
Re-based rent
Prominent position on pedestrianised retail thoroughfare
Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 28
Auction 19th May 2016
Rent £18,573 per Annum Exclusive
Status Sold
Price £230,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
4 miles north west of Telford 36 miles north-west of Birmingham 75 miles south of Manchester
Roads
A442, A5, M54 (Junction 6)
Rail
Wellington
Air
Birmingham Airport
Situation
Wellington is situated between the towns of Telford and Shrewsbury and is well connected via the M54. It now forms part of the new town of Telford. The property is prominently situated on the south side of the pedestrianised New Street, Wellington’s main retail thoroughfare. Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett.
Tenure
Freehold.
Location
Miles
4 miles north west of Telford 36 miles north-west of Birmingham 75 miles south of Manchester
Roads
A442, A5, M54 (Junction 6)
Rail
Wellington
Air
Birmingham Airport
Situation
Wellington is situated between the towns of Telford and Shrewsbury and is well connected via the M54. It now forms part of the new town of Telford. The property is prominently situated on the south side of the pedestrianised New Street, Wellington’s main retail thoroughfare. Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with first
floor ancillary accommodation.
Six Week Completion
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.
VAT
VAT is not 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 first
floor ancillary accommodation.
Six Week Completion
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.
VAT
VAT is not 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 (Reversion)
Ground First
Retail/Ancillary Ancillary
144.55 sq m 55.37 sq m
(1,556 sq ft) (596 sq ft)
MIDLANDS AIR AMBULANCE TRADING LIMITED (1)
10 years from 02/03/2016 on a full repairing and insuring lease (2)
£18,573
02/03/2021 (01/03/2026)
Totals
199.92 sq m
(2,152 sq ft)
£18,573
(1) Midlands Air Ambulance Charity (Reg No 1143118) is the parent of Midlands Air Ambulance Trading Limited and is the charity responsible for funding and operating air ambulances serving the communities of six Midlands counties. (Source: www.midlandsairambulance.com). (2) The lease provides for tenant options to determine on 2nd March 2019 and 2nd March 2022 on providing 6 months’ prior written notice.
