365 Watling Street Tamworth Staffordshire B77 5AD

365 Watling Street
Tamworth
Staffordshire
B77 5AD

Freehold Motor Trade/Retail Warehouse Investment

Let to Kwik-Fit Properties Limited (Guaranteed by Kwik-Fit Holdings Limited) until 2030 (no breaks)
15 years term certain
Neighbouring occupiers include Vauxhall dealership, Agent for Honda Motorcycles, Texaco and McDonald’s
Approximate site area of 0.22 hectares (0.54 acres)
On-site car parking for approximately 20 cars
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
57
Auction
11th February 2016
Rent
£81,014 per Annum Exclusive
Status
Sold
Price
£1,230,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Motor Trade/Retail Warehouse Investment

Let to Kwik-Fit Properties Limited (Guaranteed by Kwik-Fit Holdings Limited) until 2030 (no breaks)
15 years term certain
Neighbouring occupiers include Vauxhall dealership, Agent for Honda Motorcycles, Texaco and McDonald’s
Approximate site area of 0.22 hectares (0.54 acres)
On-site car parking for approximately 20 cars
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 57
Auction 11th February 2016
Rent £81,014 per Annum Exclusive
Status Sold
Price £1,230,000
Sector
Motor Trade, Petrol Station
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 17 miles north-east of Birmingham, 29 miles west of Leicester, 36 miles south-west of Nottingham
Roads: A5, A513, M6, M42
Rail: Tamworth Station, Wilnecote Station
Air: Birmingham Airport

Situation

The property is situated 2 miles south of Tamworth town centre on the south side of Watling Street which fronts the busy Tame Valley Industrial Estate which benefits from being accessed directly from the M42 Motorway (Junction 10). The property benefits from being situated immediately opposite a McDonald’s DriveThrough and some 200 metres west of a major Morrisons Superstore. Other occupiers include Sutton Motorcycles, Vauxhall Main Dealer and Plumb Center.

Tenure

Freehold.

Location

Miles: 17 miles north-east of Birmingham, 29 miles west of Leicester, 36 miles south-west of Nottingham
Roads: A5, A513, M6, M42
Rail: Tamworth Station, Wilnecote Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern detached motor trade building divided into two units, one operating as a tyre, exhaust and MOT garage and benefiting from 6 vehicle bays and the other a retail warehouse. The property benefits from on-site parking for 20 cars and a site area of 0.2 hectares (0.5 acres).

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	Reviews
Ground	Motor Trade and Retail Warehouse	751.03 sq m	(8,084 sq ft)	LET TO KWIK-FIT PROPERTIES LIMITED (1) (Guaranteed by Kwik-Fit Holdings Limited) until 2030 (2)	30 years from 28/12/2000 until 2030 on a full repairing and insuring lease	£81,014.29	28/12/2020 and 2025
Totals		751.03 sq m	(8,084 sq ft)			£81,014.29

1) Kwik-Fit are experts in automotive repair including tyres, MoT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 centres. (Source: www.kwik-fit.com 16/01/2015)
(2)For the year ending 31st March 2014, Kwik-Fit Properties Limited reported pre-tax profits of £123,000 and a total net worth of £2,117,000. (Source: www.riskdisk.com 04/06/2015). For the year ending 31st March 2014, Kwik-Fit Holdings Limited reported pre-tax profits of £95,410,000 and a total net worth of £2,117,000. (Source: www.riskdisk.com 04/06/2015). The unit has been sub-let to Halfords and Motorworld. Full details are available in the legal pack.