Halfords Autocentres Greyfriars Place Stafford Staffordshire ST16 2SD

Halfords Autocentres
Greyfriars Place
Stafford
Staffordshire
ST16 2SD

Freehold Motor Trade Investment

  • Let to Halfords Autocentres Limited until June 2022
  • Located adjacent to Greyfriars Retail Park
  • Nearby occupiers include Screwfix, Dulux, Decorator Centre, Dreams and Dunelm
  • Lot
    29
  • Auction
    19th October 2017
  • Rent
    £17,100 per Annum Exclusive
  • Status
    Sold
  • Price
    £300,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Motor Trade Investment

  • Let to Halfords Autocentres Limited until June 2022
  • Located adjacent to Greyfriars Retail Park
  • Nearby occupiers include Screwfix, Dulux, Decorator Centre, Dreams and Dunelm
  • Lot 29
  • Auction 19th October 2017
  • Rent
  • Status Sold
  • Price £300,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A34, M6 (Junction 14)
Rail
Stafford Rail
Air
Birmingham International Airport
Situation

The property is located on Greyfriars Place, off Greyfriars (A34), approximately 0.7 miles to the north of Stafford town centre and 1 mile south of the M6 Motorway (Junction 14) via Eccleshall Road (A5031). Adjacent to the property is Greyfriars Retail Park, which houses occupiers including Dunelm, Dreams, The Range and Farm Foods. Other nearby occupiers include Screwfix, National Tyres and Dulux Decorator Centre

Tenure

Freehold.

Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A34, M6 (Junction 14)
Rail
Stafford Rail
Air
Birmingham International Airport
Situation

The property is located on Greyfriars Place, off Greyfriars (A34), approximately 0.7 miles to the north of Stafford town centre and 1 mile south of the M6 Motorway (Junction 14) via Eccleshall Road (A5031). Adjacent to the property is Greyfriars Retail Park, which houses occupiers including Dunelm, Dreams, The Range and Farm Foods. Other nearby occupiers include Screwfix, National Tyres and Dulux Decorator Centre

Tenure

Freehold.

Description

The property comprises a single storey motorist centre comprising reception and workshop accommodation. The unit benefits from 5 roller shutter doors and on-site parking at the rear for approximately 10 cars.

VAT

VAT is not 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 a single storey motorist centre comprising reception and workshop accommodation. The unit benefits from 5 roller shutter doors and on-site parking at the rear for approximately 10 cars.

VAT

VAT is not 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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground Workshop 216 sq m (2,326 sq ft) HALFORDS
AUTOCENTRES
LIMITED (1)
10 years from
24/06/2012 on
an effective full
repairing and
insuring lease
£17,100 24/06/2017
(2)
(23/06/2022)
Total
216 sq m (2,326 sq ft)     £17,100  

(1) For the year ending 1st April 2016, Halfords Autocentres Limited reported a turnover of £152,992,000, pre-tax profits of £1,910,000 and a total net worth of £34,676,000 (Source: Experian Group 11/09/2017). Halfords Autocentres has over 300 UK autocentres (Source: www.halfordsautocentres.com 21.09.2017).
(2) The 2017 rent review is outstanding.

Property Documents

  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    637 KB
    View PDF
  • Site Plan
    Updated Date
    01.11.19
    File Size
    869 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Stepien Lake 43 Welbeck Street
London
W1G 8DX
Chris Sayers 02074673030chris.sayers@stepienlake.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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