8 Bailey Street Oswestry Shropshire SY11 1PS

8 Bailey Street
Oswestry
Shropshire
SY11 1PS

Freehold Retail Investment

  • Let to Shoe Zone Retail Limited
  • New 5 year lease renewal from August 2018
  • Rent increased from £35,000 p.a. at Renewal
  • Pedestrianised town centre location close to WHSmith, Costa, Wilko and Superdrug
  • Lot
    88
  • Auction
    18th October 2018
  • Rent
    £37,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £375,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Shoe Zone Retail Limited
  • New 5 year lease renewal from August 2018
  • Rent increased from £35,000 p.a. at Renewal
  • Pedestrianised town centre location close to WHSmith, Costa, Wilko and Superdrug
  • Lot 88
  • Auction 18th October 2018
  • Rent
  • Status Sold
  • Price £375,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles north-west of Shrewsbury
57 miles north-west of Birmingham City Centre
Roads
A5, A495
Air
Birmingham Airport
Situation

The historic and attractive market town of Oswestry is the third largest town in Shropshire and is situated in close proximity to the Welsh and English border. The property is located on the eastern side of the pedestrianised Bailey Street, which abuts The Cross to the south. Nearby occupiers include WHSmith, Costa, Wilko, Superdrug and Sports Direct.

Tenure

Freehold.

Location
Miles
16 miles north-west of Shrewsbury
57 miles north-west of Birmingham City Centre
Roads
A5, A495
Air
Birmingham Airport
Situation

The historic and attractive market town of Oswestry is the third largest town in Shropshire and is situated in close proximity to the Welsh and English border. The property is located on the eastern side of the pedestrianised Bailey Street, which abuts The Cross to the south. Nearby occupiers include WHSmith, Costa, Wilko, Superdrug and Sports Direct.

Tenure

Freehold.

Description

The property comprises a double-fronted ground floor shop with first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D

Description

The property comprises a double-fronted ground floor shop with first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground
First
Retail/Ancillary
Ancillary
220.46 sq m
187.25 sq m
(2,373 sq ft)
(2,016 sq ft)
SHOE ZONE
RETAIL LIMITED (1)
5 years from 01/08/2018 on
a full repairing and insuring
lease
£37,500
Total
407.71 sq m
(4,389 sq ft)
    £37,500

(1) Shoe Zone operate from over 500 stores throughout the UK and Ireland with over 4,000 employees. For the year ending 30th September 2017, Shoe Zone Retail Limited reported a turnover of £157,777,000, pre-tax profits of £9,670,000 and a total net worth of £31,696,000 (Sources: www.shoezone.com and Experian Group 29/08/2018).

Property Documents

  • Site Plan
    Updated Date
    19.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.11.19
    File Size
    1 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Hilldickinson LLP No 1 Paul's Square
Liverpool
L3 9SJ
Martyn McDonald 0151 600 8740martyn.mcdonald@hilldickinson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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