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).