Let to Decanter Spirit Limited on a new 5 year lease (subject to option)
Prominent town centre location on pedestrianised High Street
Nearby occupiers include Boots the Chemist, WH Smith, Pizza Express, Prezzo, Costa and Poundland
Tenant to begin fit out at the end of September
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 87
Auction 13th October 2016
Rent £17,500 per Annum Exclusive
Status Sold
Price £220,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers - CBRE
Property Information
Location
Miles
15 miles north-east of Worcester, 15 miles south-west of Birmingham
Roads
A38, A448, M5, M42
Rail
Bromsgrove Railway Station (links to Birmingham
New Street and London Euston)
Air
Birmingham International Airport
Situation
The property is situated in the heart of the town centre in a prominent trading position on the west side of the pedestrianised High Street. Nearby occupiers include Boots the Chemist, WH Smith, Pizza Express, Prezzo, Costa and Poundland.
Tenure
Freehold.
Location
Miles
15 miles north-east of Worcester, 15 miles south-west of Birmingham
Roads
A38, A448, M5, M42
Rail
Bromsgrove Railway Station (links to Birmingham
New Street and London Euston)
Air
Birmingham International Airport
Situation
The property is situated in the heart of the town centre in a prominent trading position on the west side of the pedestrianised High Street. Nearby occupiers include Boots the Chemist, WH Smith, Pizza Express, Prezzo, Costa and Poundland.
Tenure
Freehold.
Description
The property, a Grade II listed building, comprises ground floor retail accommodation with ancillary accommodation on the first floor.
NB. The adjoining property, No.51-53 High Street, will be offered as
lot 38 in this catalogue.
VAT
VAT is applicable to this lot.
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.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a Grade II listed building, comprises ground floor retail accommodation with ancillary accommodation on the first floor.
NB. The adjoining property, No.51-53 High Street, will be offered as
lot 38 in this catalogue.
VAT
VAT is applicable to this lot.
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.
Completion Period
Six Week Completion
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
Reversion
Ground First
Retail/Ancillary Ancillary
83.10 sq m 57.10 sq m
(895 sq ft) (614 sq ft)
DECANTER SPIRIT LIMITED
5 years from 25/08/2016 on a full repairing and insuring lease (1)
£17,500 (2)
24/08/2021
Totals
140.20 sq m
(1,509 sq ft)
£17,500 (2)
(1) The lease is subject to a tenant option to determine on 25th August 2019, on providing six months prior notice. (2) The tenant is currently benefiting from a rent free period due to expire on 24th November 2016. The seller has agreed to adjust the completion monies so that the property will produce £17,500 p.a.x from completion of the sale. NB. The seller is holding an £8,750 rent deposit.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
