Sainsbury's Local, 23 Lawnswood Road
Wordsley
Stourbridge
West Midlands
DY8 5PH

Freehold Supermarket Investment

  • Entirely let to Sainsbury's Supermarkets Ltd
  • Five yearly RPI uplifts (subject to minimum 1.5% and maximum 3.5%)
  • Located in a densely populated residential area
  • Busy corner position with on-site car parking for approximately 20 cars
  • Producing £68,760.43 p.a.x. rising to a minimum of £74,074.51 p.a.x. in 2022 (2) (3)
  • Lot
    22
  • Auction
    28/Mar/2018
  • Rent
    £68,760 per Annum Exclusive
  • Status
    Sold
  • Price*
    £960,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees of a Major Pension Fund
  • Sainsbury's Local, 23 Lawnswood Road<br>Wordsley<br>Stourbridge<br>West Midlands<br>DY8 5PH
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Property Information

Location
Miles
13 miles west of Birmingham, 9 miles south of Wolverhampton
Roads
A491, M5, M42
Rail
Stourbridge Junction
Air
Birmingham International Airport
Situation

Wordsley, with a population of approximately 13,000, is an attractive, prosperous suburb of Stourbridge some 9 miles south of Wolverhampton and 13 miles west of Birmingham. The property is prominently located in a densely populated residential area at the junction of Lawnwood Road and Wordsley Green, approximately 150 metres from the High Street (A491). Immediately adjacent is a neighbourhood shopping centre with Subway, Spar and a number of independent retailers. Wordsley Green Doctors Surgery, Wordsley Library and The Mere Education Centre are also nearby.

Tenure

Freehold.

Description

The property, a former public house, comprises a ground floor supermarket with rear storage and ancillary accommodation. The basement and first floors are not currently accessible. The site extends to approximately 0.36 acres (0.15 hectares) and benefits from approximately 20 car parking spaces including 2 disabled bays.

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

FloorUseFloor Areas
(Approx GIA)
TenantTermRent p.a.xReview/
(Reversion)
Ground

Basement
First
Supermarket/
Ancillary
Not used
Not used
309.50 sq m

Not measured
Not measured
(3,330 sq ft)
SAINSBURY''S
SUPERMARKETS
LIMITED (1)
15 years from
20/08/2012 on a full
repairing and
insuring lease (2)
£68,760.43RPI linked
review in
20/08/2022 (3)
(19/08/2027)
Total
309.50 sq m
(3,330 sq ft)
  £68,760.43 

(1) For the year ending 11th March 2017, Sainsbury’s Supermarkets Limited reported a turnover of £23,234,000,000, pre-tax profits of £342,000,000 and a total net worth of £4,353,000,000 (Source: Experian 12/02/2018).
(2) The lease provides for a tenant only option to determine on 20/08/2022 subject to six months’ prior written notice.
(3) The rent review is linked to RPI subject to a 1.5% per annum compounded collar and 3.5% per annum compounded cap. The August 2022 rent review will therefore be to a minimum of £74,074.51 p.a.x. and a maximum of £81,665.82 p.a.x.

Property Documents

  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    976 KB
    View PDF
  • Site Plan
    Updated Date
    06.03.18
    File Size
    856 KB
    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
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

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