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
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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.

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

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.

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.

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    67 KB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Clark Brookes Turner Carey Solicitors 3rd Floor, Guardian House, Cronehills Linkway
West Bromwich
B70 8GS
Neil Mocroft 0121 553 2576neil.mocroft@cbtcsolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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