16 - 18 New Street Wellington Telford Shropshire TF1 1NE

  • 16 - 18 New Street<br>Wellington<br>Telford<br>Shropshire<br>TF1 1NE

16 - 18 New Street
Wellington
Telford
Shropshire
TF1 1NE

Freehold Retail Investment

  • Entirely let to Midlands Air Ambulance Trading Ltd on a new 10 year lease (subject to options)
  • Re-based rent
  • Prominent position on pedestrianised retail thoroughfare
  • Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    28
  • Auction
    19th May 2016
  • Rent
    £18,573 per Annum Exclusive
  • Status
    Sold
  • Price
    £230,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
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Freehold Retail Investment

  • Entirely let to Midlands Air Ambulance Trading Ltd on a new 10 year lease (subject to options)
  • Re-based rent
  • Prominent position on pedestrianised retail thoroughfare
  • Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 28
  • Auction 19th May 2016
  • Rent £18,573 per Annum Exclusive
  • Status Sold
  • Price £230,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
4 miles north west of Telford 36 miles north-west of Birmingham 75 miles south of Manchester
Roads
A442, A5, M54 (Junction 6)
Rail
Wellington
Air
Birmingham Airport
Situation

Wellington is situated between the towns of Telford and Shrewsbury and is well connected via the M54. It now forms part of the new town of Telford. The property is prominently situated on the south side of the pedestrianised New Street, Wellington’s main retail thoroughfare. Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett.

Tenure

Freehold.

Location
Miles
4 miles north west of Telford 36 miles north-west of Birmingham 75 miles south of Manchester
Roads
A442, A5, M54 (Junction 6)
Rail
Wellington
Air
Birmingham Airport
Situation

Wellington is situated between the towns of Telford and Shrewsbury and is well connected via the M54. It now forms part of the new town of Telford. The property is prominently situated on the south side of the pedestrianised New Street, Wellington’s main retail thoroughfare. Nearby occupiers include Boots the Chemist, Card Factory, Clarks and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with first
floor ancillary accommodation.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with first
floor ancillary accommodation.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not 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 Review (Reversion)
Ground
First		 Retail/Ancillary
Ancillary
144.55 sq m
55.37 sq m
(1,556 sq ft)
(596 sq ft)
 MIDLANDS AIR
AMBULANCE
TRADING
LIMITED (1)		 10 years from 02/03/2016
on a full repairing and
insuring lease (2)		 £18,573 02/03/2021
(01/03/2026)
Totals  
199.92 sq m
(2,152 sq ft)
     £18,573

(1) Midlands Air Ambulance Charity (Reg No 1143118) is the parent of Midlands Air Ambulance Trading Limited and is the charity responsible for funding and operating air ambulances serving the communities of six Midlands counties. (Source: www.midlandsairambulance.com).
(2) The lease provides for tenant options to determine on 2nd March 2019 and 2nd March 2022 on providing 6 months’ prior written notice.

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Richard Brearley 0113 283 2500richard.brearley@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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