Prominent position on main retailing thoroughfare close to The Rowland Hill Shopping Centre
Part sub underlet to tenants trading as Mind and Scope
Nearby occupiers include RBS, Peacocks and Poundland
Lot 89
Auction 11th July 2018
Rent £7,500 per Annum Exclusive
Status Sold
Price £114,000
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
14 miles north of Worcester
7 miles south of Wolverhampton
19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Rail
Air
Birmingham Airport
Situation
The property is prominently situated at the eastern side of Worcester Street, benefitting from footfall between Kidderminster Rail Station and the prime pedestrianised High Street. The property is located close to The Rowland Hill Shopping Centre, which houses retailers including Brighthouse, Claire’s Accessories and Santander. Other nearby occupiers include RBS, Peacocks and Poundland.
Tenure
Freehold.
Location
Miles
14 miles north of Worcester
7 miles south of Wolverhampton
19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Rail
Air
Birmingham Airport
Situation
The property is prominently situated at the eastern side of Worcester Street, benefitting from footfall between Kidderminster Rail Station and the prime pedestrianised High Street. The property is located close to The Rowland Hill Shopping Centre, which houses retailers including Brighthouse, Claire’s Accessories and Santander. Other nearby occupiers include RBS, Peacocks and Poundland.
Tenure
Freehold.
Description
The property comprises four ground floor retail units with selfcontained office accommodation at first floor.
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
The property comprises four ground floor retail units with selfcontained office accommodation at first floor.
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
25a
25
26
27
25-27
Ground
Ground First
Ground First
Ground First
First
Retail
Retail Ancillary
Retail Ancillary
Retail Ancillary
Offices
34.30 sq m
105.40 sq m 48.50 sq m
62.89 sq m 34.33 sq m
388.80 sq m 253.20 sq m
182.30 sq m
(393 sq ft)
(1,134 sq ft) (522 sq ft)
(676 sq ft) (369 sq ft)
(4,185 sq ft) (2,725 sq ft)
(1,962 sq ft)
SOHO PROPERTY INVESTMENTS LIMITED
Approximately 125 years from 08/02/1965 until 25/03/2090 on a full repairing and insuring lease
£7,500
25/03/2040 25/03/2065
Total
1,075.42 sq m
(11,573 sq ft)
£7,500 (1)
(1) The 2015 rent review has recently been settled at £7,500 p.a.x..
