113 High Street
Bromsgrove
Worcestershire
B61 8AE

Freehold Retail Investment

  • Let to Burton/Dorothy Perkins Properties Limited with a guarantee from Arcadia Group Limited
  • 5 year lease from 2015 (lease renewal)
  • Tenant in occupation for over 10 years
  • Re-based rent
  • Approximately 4,809 sq ft
  • Nearby occupiers include Asda Superstore, Argos, Iceland & Boots the Chemist
  • Prominent position on pedestrianised High Street
  • Lot
    23
  • Auction
    07/Dec/2017
  • Rent
    £40,500 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 113 High Street<br>Bromsgrove<br>Worcestershire<br>B61 8AE
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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 on the western side of the pedestrianised High Street, close to its junctions with Mill Lane and Chapel Street, in the heart of Bromsgrove town centre. Nearby occupiers include Asda Superstore, Iceland and Boots the Chemist, with Costa, Edinburgh Woollen Mill, Peacocks, WHSmith and branches of Barclays, Halifax and Lloyds also represented on High Street. Recreation Road South Car Park is a short walk away which provides car parking for approximately 350 cars.

Tenure

Freehold.

Description

The property comprises a well configured shop with sales and ancillary accommodation on both ground and first floors.

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.x
Ground
First
Retail/Ancillary
Retail/Ancillary
281.00 sq m
165.80 sq m
(3,024 sq ft)
(1,785 sq ft)
BURTON/DOROTHY
PERKINS PROPERTIES
LIMITED (1) with a
guarantee from
Arcadia Group Ltd (2)
5 years from 01/06/2015
on a full repairing and
insuring lease
£40,500
Totals
446.80 sq m
(4,809 sq ft)
  £40,500

(1) Dorothy Perkins has around 400 UK stores and is growing a global presence with around 125 outlets in countries including Spain, Gibraltar, Cyprus, Turkey and Singapore. For the year ending 27th August 2016, Burton/Dorothy Perkins Properties Limited reported a turnover of £10,971,000, pre-tax profits of £199,000 and a total net worth of £-272,000 (Sources: www.dorothyperkins.com and Experian Group 25/10/2017).
(2) For year ending 27th August 2016, Arcadia Group Limited reported a turnover of £2,009,788,000, pre-tax profits of £130,718,000 and a total net worth of £2,354,495,000 (Source: Experian Group 25/10/2017).

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    833 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner 020 8343 4411jeremy@bsgsolicitors.com

Useful Links

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