Central Tyre 131 Stafford Street Walsall, Birmingham West Midlands WS2 8EA

Central Tyre
131 Stafford Street
Walsall, Birmingham
West Midlands
WS2 8EA

Freehold Tyre Depot Investment

Entirely let to Kwik-Fit Properties Ltd (guaranteed by Kwik-Fit Holdings Limited) until 2027 (no breaks) (t/a Central Tyre)
Prominent Position Fronting Stafford Street (B4210)
Forecourt with parking for approximately12 cars
Total site area of approximately 0.170 hectares (0.422 acres)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
71
Auction
23rd March 2016
Rent
£44,394 per Annum Exclusive
Status
Sold
Price
£680,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Tyre Depot Investment

Entirely let to Kwik-Fit Properties Ltd (guaranteed by Kwik-Fit Holdings Limited) until 2027 (no breaks) (t/a Central Tyre)
Prominent Position Fronting Stafford Street (B4210)
Forecourt with parking for approximately12 cars
Total site area of approximately 0.170 hectares (0.422 acres)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 71
Auction 23rd March 2016
Rent £44,394 per Annum Exclusive
Status Sold
Price £680,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles north of Birmingham, 41 miles west of Leicester, 48 miles south-west of Nottingham
Roads: A34, A4148, M6 (Junction 10)
Rail: Walsall Rail
Air: Birmingham International Airport

Situation

The property is situated just half a mile from Walsall town centre occupying a prominent roadside pitch on Stafford Street (B4210), which provides direct access to the A4148 and M6 Motorway (Junction 10). Stafford Street comprises a small retail parade, as well as a number of units occupied by a range of local retailers.

Tenure

Freehold.

Location

Miles: 9 miles north of Birmingham, 41 miles west of Leicester, 48 miles south-west of Nottingham
Roads: A34, A4148, M6 (Junction 10)
Rail: Walsall Rail
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor tyre depot with shutter doors and forecourt with parking for approximately 12 cars. The property has a total site area of approximately 0.170 hectares (0.422 acres).

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	Tyre Depot	414.10 sq m	(4,457 sq ft)	KWIK-FIT PROPERTIES LTD (guaranteed by Kwik-Fit Holdings Limited) (t/a Central Tyre) (1) (2)	30 years from 22/12/1997 until 21/12/2027 on a full repairing and insuring lease	£44,394	22/12/2017 and 22/12/2022
Totals		414.10 sq m	(4,457 sq ft)			£44,394

(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)
(2) The property is currently trading as Central Tyre. Central Tyre is part of the Stapleton’s Tyre Services Retail Group – a network with over 100 fast fit centres throughout the UK. (Source: http://www.central-tyre.com 24/02/2016). Stapleton’s Tyre Services Retail Group and Kwik-Fit are both subsidiaries of The Itochu Group who operate various tyre-related businesses globally. Source: Kwik-Fit.com 26/02/2016).