Let to Marie Curie Cancer Care until 2025 (subject to option)
Busy and affluent Birmingham suburb
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 45
Auction 5th December 2018
Rent £27,500 per Annum Exclusive
Status Sold
Price £358,000
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
13 miles east of Coventry
15 miles north-west of Royal Leamington Spa
15 miles north of Stratford-upon-Avon
Roads
A34, M42, M40, M6
Rail
Shirley Railway Station, Solihull Station
Air
Birmingham International Airport
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
13 miles east of Coventry
15 miles north-west of Royal Leamington Spa
15 miles north of Stratford-upon-Avon
Roads
A34, M42, M40, M6
Rail
Shirley Railway Station, Solihull Station
Air
Birmingham International Airport
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 retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Note
179 Stratford Road is being offered separately as Lot 24, 181 to 185 Stratford Road is being offered separately as Lot 48 and 189 Stratford Road is being offered separately as Lot 38
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Note
179 Stratford Road is being offered separately as Lot 24, 181 to 185 Stratford Road is being offered separately as Lot 48 and 189 Stratford Road is being offered separately as Lot 38
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First
Retail Ancillary
75.20 sq m 27.00 sq m
(809 sq ft) (291 sq ft)
MARIE CURIE CANCER CARE
10 years from 13/03/2015 until 2025 on a full repairing and insuring lease (2)
£27,500
13/03/2023 (12/03/2025)
Total
102.20 sq m
(1,100 sq ft)
£27,500
(1) Marie Curie Cancer Care is a registered charity (207994) that supports people with terminal illnesses. For the year ending 31st March 2018, Marie Curie Cancer Care reported free reserves of £100,204,000 (Marie Curie annual report and accounts 2017 - 2018). 2) The lease provides for a tenant option to determine the lease on 13th March 2023.
