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.