Directly opposite Parkgate Shopping Centre with occupiers including Prezzo, JD Wetherspoon, Pizza Express, Superdrug, Asda and Ponden Home
Other neighbouring occupiers include Nando’s, Halifax, TUI, Costa Coffee, Scrivens Optician and Barclays Bank
Lot 38
Auction 5th December 2018
Rent £24,515 per Annum Exclusive
Status Sold
Price £297,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2 miles west of Solihull town centre
5 miles south of Birmingham city centre
15 miles north-west of Royal Leamington Spa
15 miles north of Stratford-upon-Avon
13 miles east of Coventry
Roads
A34, M42, M40, M6
Rail
Shirley Railway Station, Solihull Statio
Situation
The property is prominently located on the eastern side of the busy Stratford Road (A34), directly opposite the entrance to the modern Parkgate Shopping Centre, with major national multiple occupiers including Prezzo, Pizza Express, Superdrug, Asda and Ponden Home. Other neighbouring occupiers include Nando’s, Halifax, TUI, Costa Coffee, Scrivens Optician and Barclays Bank.
Tenure
Freehold.
Location
Miles
2 miles west of Solihull town centre
5 miles south of Birmingham city centre
15 miles north-west of Royal Leamington Spa
15 miles north of Stratford-upon-Avon
13 miles east of Coventry
Roads
A34, M42, M40, M6
Rail
Shirley Railway Station, Solihull Statio
Situation
The property is prominently located on the eastern side of the busy Stratford Road (A34), directly opposite the entrance to the modern Parkgate Shopping Centre, with major national multiple occupiers including Prezzo, Pizza Express, Superdrug, Asda and Ponden Home. Other neighbouring occupiers include Nando’s, Halifax, TUI, Costa Coffee, Scrivens Optician and Barclays Bank.
Tenure
Freehold.
Description
The property comprises a retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Note
181-185 Stratford Road is being offered separately as Lot 48, 187 Stratford Road is being offered separately as Lot 45 and 179 Stratford Road is being offered separately as Lot 24.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at acuitus.co.uk.
Description
The property comprises a retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Note
181-185 Stratford Road is being offered separately as Lot 48, 187 Stratford Road is being offered separately as Lot 45 and 179 Stratford Road is being offered separately as Lot 24.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Ancillary
64.3 sq m 35.5 sq m
(692 sq ft) (382 sq ft)
OXFAM (1)
5 years from 17/07/2015 on a full repairing and insuring lease
£24,515
16/07/2020
Total
99.8 sq m
(1,074 sq ft)
£24,515
(1) Oxfam is a confederation of 20 independent charitable organisations, founded in 1942. For the year ending 31st March 2018, Oxfam (registered charity number 202918) reported total cash and cash equivalents of £44,000,000 (Oxfam annual report and accounts for the year to 31st March 2018).
