Esso Filling Station, Watling Street (A5) Muckley Corner Lichfield WS14 0BH

Esso Filling Station, Watling Street (A5)
Muckley Corner
Lichfield
WS14 0BH

Freehold Petrol Filling Station

Let to Rontec Properties (No.4) Limited until 2027 (no breaks) with option to renew until 2047
Guaranteed by Rontec Roadside Retail Limited (formerly Rontec Group Plc) and on assignment from Co-operative Foodstores Limited
Highly prominent position on Watling Street (A5) roundabout
Annual 2% rental increases

Lot
9
Auction
19th October 2017
Status
Sold
Price
£1,500,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Petrol Filling Station

Let to Rontec Properties (No.4) Limited until 2027 (no breaks) with option to renew until 2047
Guaranteed by Rontec Roadside Retail Limited (formerly Rontec Group Plc) and on assignment from Co-operative Foodstores Limited
Highly prominent position on Watling Street (A5) roundabout
Annual 2% rental increases

Lot 9
Auction 19th October 2017
Status Sold
Price £1,500,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles north of Birmingham, 23 miles south-west of Derby
Roads: A5, A461, M6 Toll
Rail: Lichfield City Station
Air: Birmingham Airport

Situation

Lichfield is a cathedral city situated 15 miles north of Birmingham. The property is prominently situated on the busy roundabout junction of Watling Road (A5) and Walsall Road (A461), close to the A38 junction of the M6 Toll.

Tenure

Freehold.

Location

Miles: 15 miles north of Birmingham, 23 miles south-west of Derby
Roads: A5, A461, M6 Toll
Rail: Lichfield City Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a petrol filling station and forecourt with six pumps and a convenience store. The property benefits from ancillary parking for the convenience store with the addition of water and air facilities. The site has an approximate area of 0.25 hectares (0.61 acres).

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

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Petrol Station & Convenience Store	96.00 sq m	(1,033 sq ft)	RONTEC PROPERTIES (NO.4) LIMITED guaranteed by Rontec Roadside Retail Limited (1) on assignment with an AGA from Co-operative Foodstores Limited and a guarantee of the AGA by Co-operative Group Food Limited (2)	20 years from 21/6/2007 until 20/6/2027 with option to renew until 2047 (3)	£103,615	2% annual uplifts
Totals		96.00 sq m	(1,033 sq ft)			£103,615

(1) Rontec was formed in June 2011 and is one of the leading players in the UK forecourt industry, operating over 240 forecourts across England and Wales (Source: www.rontec.com). For the year ending 30th September 2016, Rontec Roadside Retail Limited (CRN 09129964), formerly Rontec Group Limited, reported a turnover of £998,998,000, pre-tax profits of £22,585,000 and a total net worth of £103,245,000 (Source: Experian Group 21/09/2017).
(2) For the year ending 2nd January 2016, Co-operative Group Food Limited (CRN: 26715R) reported a turnover of £6,475,500,000, pretax profits of £429,600,000 and a total net worth of £1,385,500,000 (www.riskdisk.com).