Let to Boots Opticians Professional Services Limited and British Heart Foundation
Approximately 3,720 sq ft
Nearby Occupiers include Boots the Chemist, New Look, WHSmith, Costa Coffee and Peacocks
Excellent town centre location close to Market Hall Car Park
Asset Management Opportunities
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 59
Auction 8th December 2016
Rent £45,500 per Annum Exclusive
Status Sold
Price £390,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles south-east of Stafford, 25 miles north of Birmingham
Roads
A51, A460
Rail
Rugeley Trent Valley Railway Stati
Situation
The property is located on the south-west corner of the pedestrianised Brook Square which connects with Lower Brook Street, Upper Brook Street and Brewery Street, in the heart of
Rugeley town centre. Market Hall car park is located close by which provides approximately 58 car parking spaces. Nearby occupiers include Boots the Chemist, New Look, WHSmith, Costa Coffee,
Greggs, Nationwide, Peacocks and Savers with Iceland and Morrisons also occupying within the town.
Tenure
Freehold.
Location
Miles
9 miles south-east of Stafford, 25 miles north of Birmingham
Roads
A51, A460
Rail
Rugeley Trent Valley Railway Stati
Situation
The property is located on the south-west corner of the pedestrianised Brook Square which connects with Lower Brook Street, Upper Brook Street and Brewery Street, in the heart of
Rugeley town centre. Market Hall car park is located close by which provides approximately 58 car parking spaces. Nearby occupiers include Boots the Chemist, New Look, WHSmith, Costa Coffee,
Greggs, Nationwide, Peacocks and Savers with Iceland and Morrisons also occupying within the town.
Tenure
Freehold.
Description
The property comprises two shops arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two shops arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
2
Ground First
Retail/Ancillary Ancillary
85.75 sq m 74.51 sq m
(923 sq ft) (802 sq ft)
BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (1)
10 years from 25/03/2007
£25,500
24/03/2017
2A
Ground First Second
Retail/Ancillary Ancillary Ancillary
76.46 sq m 36.33 sq m 72.37 sq m
(823 sq ft) (391 sq ft) (779 sq ft)
BRITISH HEART FOUNDATION (2)
15 years from 30/05/2003
£20,000
29/05/2018
Totals
345.42 sq m
(3,720 sq ft)
£45,500
(1) For the year ending 31st August 2015, Boots Opticians Professional Services Limited reported a turnover of £391,067,000, a pre-tax profit of £39,176,000 and a total net worth of £82,691,000 (Source: Experian Group 01/11/2016). (2) British Heart Foundation currently operate 735 shops across the UK, generating £29.1 million in profit by collecting, sorting and selling around 66,000 tons of goods over the last year. Around 60 million people visited their shops last year resulting in around 19 million sales (Source: www.bhf.org.uk 01/11/2016).