Esso Filling Station, Watling Street (A5)
Muckley Corner
Lichfield
WS14 0BH

Freehold Petrol Filling Station

  • Let to Rontec Properties (No.4) Limited until 2027 (no breaks) with option to renew until 2047
  • Guaranteed by Rontec Roadside Retail Limited (formerly Rontec Group Plc) and on assignment from Co-operative Foodstores Limited
  • Highly prominent position on Watling Street (A5) roundabout
  • Annual 2% rental increases
  • Lot
    9
  • Auction
    19/Oct/2017
  • Rent
    £103,615 per
  • Status
    Sold
  • Price*
    £1,500,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Esso Filling Station, Watling Street (A5)<br>Muckley Corner<br>Lichfield<br>WS14 0BH
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Property Information

Location
Miles
15 miles north of Birmingham, 23 miles south-west of Derby
Roads
A5, A461, M6 Toll
Rail
Lichfield City Station
Air
Birmingham Airport
Situation

Lichfield is a cathedral city situated 15 miles north of Birmingham. The property is prominently situated on the busy roundabout junction of Watling Road (A5) and Walsall Road (A461), close to the A38 junction of the M6 Toll.

Tenure

Freehold.

Description

The property comprises a petrol filling station and forecourt with six pumps and a convenience store. The property benefits from ancillary parking for the convenience store with the addition of water and air facilities. The site has an approximate area of 0.25 hectares (0.61 acres).

VAT

VAT is applicable to this lot.

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundPetrol Station
& Convenience
Store
96.00 sq m
(1,033 sq ft)
RONTEC PROPERTIES
(NO.4) LIMITED
guaranteed by Rontec
Roadside Retail Limited
(1) on assignment with an
AGA from Co-operative
Foodstores Limited and a
guarantee of the AGA by
Co-operative Group Food
Limited (2)
20 years from
21/6/2007 until
20/6/2027 with
option to renew
until 2047 (3)
£103,6152% annual
uplifts
Totals
96.00 sq m
(1,033 sq ft)
  £103,615 

(1) Rontec was formed in June 2011 and is one of the leading players in the UK forecourt industry, operating over 240 forecourts across England and Wales (Source: www.rontec.com). For the year ending 30th September 2016, Rontec Roadside Retail Limited (CRN 09129964), formerly Rontec Group Limited, reported a turnover of £998,998,000, pre-tax profits of £22,585,000 and a total net worth of £103,245,000 (Source: Experian Group 21/09/2017).
(2) For the year ending 2nd January 2016, Co-operative Group Food Limited (CRN: 26715R) reported a turnover of £6,475,500,000, pretax profits of £429,600,000 and a total net worth of £1,385,500,000 (www.riskdisk.com).

Property Documents

  • Site Plan
    Updated Date
    27.09.17
    File Size
    643 KB
    View PDF
  • Catalogue Page
    Updated Date
    27.09.17
    File Size
    811 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Woodroffes Solicitors 7 Beeston Place
London
SW1W 0JJ
0207 730 7900
John Oliver-Bellasis 0207 730 0001john.ob@woodroffes.com

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