13 Market Street Lichfield Staffordshire WS13 6JX

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
    14th February 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 Update
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* More information on the term "guide" can be found here

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 14th February 2018
  • Rent
  • 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

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.

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.

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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
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
£31,400 2021
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
    08.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    08.11.19
    File Size
    3 MB
    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
Wilkes Partnership 41 Church Street
Birmingham
B3 2RT
Grahame Griffiths 0121 233 4333ggriffiths@wilkes.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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