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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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

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)