Kwik-Fit Tyre Depot Stafford Street Wolverhampton West Midlands WV1 1NA

  • Kwik-Fit Tyre Depot<br>Stafford Street<br>Wolverhampton<br>West Midlands<br>WV1 1NA

Kwik-Fit Tyre Depot
Stafford Street
Wolverhampton
West Midlands
WV1 1NA

Freehold Tyre Depot Investment

  • Let to Kwik-Fit Properties Ltd, guaranteed by Kwik-Fit Holdings Ltd, until 2024
  • Prominent city centre position at the junction of Wolverhampton's ring road close to the University of Wolverhampton
  • Outstanding February 2009 rent review
  • Approximately 1,058.3 sq m (11,391 sq ft)
  • Nearby occupiers include Topps Tiles, Focus, Harvey's, JJB Sports and Build Center
  • Six Week Completion Period Available
  • Lot
    16
  • Auction
    22nd February 2011
  • Rent
    £111,599 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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Freehold Tyre Depot Investment

  • Let to Kwik-Fit Properties Ltd, guaranteed by Kwik-Fit Holdings Ltd, until 2024
  • Prominent city centre position at the junction of Wolverhampton's ring road close to the University of Wolverhampton
  • Outstanding February 2009 rent review
  • Approximately 1,058.3 sq m (11,391 sq ft)
  • Nearby occupiers include Topps Tiles, Focus, Harvey's, JJB Sports and Build Center
  • Six Week Completion Period Available
  • Lot 16
  • Auction 22nd February 2011
  • Rent £111,599 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    Motor Trade, Petrol Station
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
17 miles north-west of Birmingham
6 miles north of Dudley
9 miles west of Walsall
Roads
A449, A4150, M6, M54, M5
Rail
Wolverhampton
Air
Birmingham International Airport
Situation

The property is prominently situated on the east side of the busy A449 (Stafford Street) at its junction with the A4150 (Wolverhampton Ring Road). Stafford Street is the main arterial route linking the city centre with the M54 motorway (Junction 2). The property is situated in a busy commercial area close to Peel Retail Park and nearby occupiers including Topps Tiles, Focus, Harvey's, JJB Sports and Build Center.

Tenure

Freehold.

Location
Miles
17 miles north-west of Birmingham
6 miles north of Dudley
9 miles west of Walsall
Roads
A449, A4150, M6, M54, M5
Rail
Wolverhampton
Air
Birmingham International Airport
Situation

The property is prominently situated on the east side of the busy A449 (Stafford Street) at its junction with the A4150 (Wolverhampton Ring Road). Stafford Street is the main arterial route linking the city centre with the M54 motorway (Junction 2). The property is situated in a busy commercial area close to Peel Retail Park and nearby occupiers including Topps Tiles, Focus, Harvey's, JJB Sports and Build Center.

Tenure

Freehold.

Description

The property comprises a single storey TYRE/EXHAUST/MOT SERVICE FACILITY with five roller shutter doors and wide frontage to Stafford Street and a concertina door to the side. The accommodation comprises a vehicle service and MOT area, reception, staff and WC facilities and forecourt parking for some 6 cars. The site extends to approximately 0.35 acres (0.14 hectares).

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 single storey TYRE/EXHAUST/MOT SERVICE FACILITY with five roller shutter doors and wide frontage to Stafford Street and a concertina door to the side. The accommodation comprises a vehicle service and MOT area, reception, staff and WC facilities and forecourt parking for some 6 cars. The site extends to approximately 0.35 acres (0.14 hectares).

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

1,058.3 sq m

(11,391 sq ft)

 KWIK-FIT PROPERTIES LTD
(guaranteed by KWIK-FIT HOLDINGS LTD) (1) 		30 years from 04/02/1994 until 2024 on a full repairing and insuring lease (2) £111,599.48 04/02/2009 and 5 yearly
Totals

1,058.3 sq m
(11,391 sq ft)
 £111,599.48

(1) For the year ending 31st December 2009, Kwik-Fit Properties Ltd reported a turnover of £70,000, pre-tax profits of £678,000 and a total net worth of £10,099,000. (Source: www.riskdisk.com 25/01/2011) For the year ending 31st December 2009, Kwik-Fit Properties Ltd reported pre-tax profits of £2,302,000 and a net worth of £376,427,000. (Source: www.riskdisk.com 25/01/2011)
(2) Under the terms of the lease, while the occupational tenant is Kwik-Fit Properties Limited the occupational tenant insures.

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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