13 Market Street
Lichfield
Staffordshire
WS13 6JX

Freehold Retail Investment

  • Pedestrianised town centre location
  • Let to Cancer Research UK (in occupation for over 15 years)
  • Close to public car park
  • Nearby occupiers include Iceland, Dorothy Perkins, B&M, Oxfam and Subway
  • Lot
    10
  • Auction
    14/Feb/2018
  • Rent
    £31,400 per Annum Exclusive
  • Status
    Sold
  • Price*
    £354,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Institution
Important Property Update
  • 13 Market Street<br>Lichfield<br>Staffordshire<br>WS13 6JX
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Property Information

Location
Miles
16 miles north of Birmingham
33 miles west of Leicester
40 miles south of Stoke-on-Trent
39 miles south-west of Nottingham
Roads
A38,A51, A5182, M6 Toll
Rail
Lichfield City Railway
Air
Birmingham International Airport
Situation

Lichfield is a popular and historic cathedral city located just 16 miles north of Birmingham city centre. The property is situated on the pedestrianised Market Street, in the heart of the city centre, close to its junction with Bird Street. To the rear of the property is a public car park for approximately 160 cars. Nearby occupiers include Oxfam, BHF, Iceland, Dorothy Perkins, B&M, Subway and Coral.

Tenure

Freehold.

Description

This Grade II listed property is arranged over ground and two upper floors to comprise a ground floor shop with first floor storage and an attic floor not presently used. The property benefits from rear loading and a parking space at the rear.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Retail/Ancillary
Ancillary
98.00 sq m
34.74 sq m
(1,055 sq ft)
(374 sq ft)
CANCER
RESEARCH UK (1)
10 years from
10/02/2011 on a
full repairing and
insuring lease
£31,4002021
Total
132.74 sq m
(1,429 sq ft)
  £31,400 

(1) For the year ended 31st March 2017, Cancer Research UK reported no turnover, pre-tax profits of £32,900,000 and a total net worth of £383,500,000 (Source: Experian 12/1/2018). Cancer Research UK operate from over 580 shops on the high streets across the UK (Source : www.cancerresearchuk.org).

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Coley & Tilley Solicitors Neville House, 14 Waterloo Street
Birmingham
B2 BUF
Grahame Griffiths +44 (0)121 643 5531gg@coleyandtilley.co.uk

Useful Links

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