37 George Street Tamworth Staffordshire B79 7LJ

37 George Street
Tamworth
Staffordshire
B79 7LJ

Freehold Retail Investment

  • Entirely let to Midshires Care Ltd on new 5 year lease (no breaks)
  • Attractive Grade II listed building located in heart of affluent market town
  • Situated on pedestrianised thoroughfare opposite Ankerside Shopping Centre
  • Nearby occupiers include Santander Bank, T-Mobile, Holland & Barrett, Greggs and Peacocks
  • Lot
    59
  • Auction
    5th December 2018
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £290,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Entirely let to Midshires Care Ltd on new 5 year lease (no breaks)
  • Attractive Grade II listed building located in heart of affluent market town
  • Situated on pedestrianised thoroughfare opposite Ankerside Shopping Centre
  • Nearby occupiers include Santander Bank, T-Mobile, Holland & Barrett, Greggs and Peacocks
  • Lot 59
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £290,000
  • Sector
    High Street Retail
  • 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-east of Birmingham
23 miles north of Coventry
30 miles west of Leicester
Roads
A5, M42, M6 Toll
Rail
Tamworth Train Station
Air
Birmingham International Airport
Situation

Tamworth is a market town in Staffordshire, some 14 miles north-east of Birmingham. The property occupies a prominent town centre location on the north side of the pedestrianised George Street, diagonally opposite an entrance to the Ankerside Shopping Centre. Other nearby occupiers include Santander Bank, T-Mobile, Holland & Barrett, Greggs and Peacocks.

Tenure

Freehold.

Location
Miles
14 miles north-east of Birmingham
23 miles north of Coventry
30 miles west of Leicester
Roads
A5, M42, M6 Toll
Rail
Tamworth Train Station
Air
Birmingham International Airport
Situation

Tamworth is a market town in Staffordshire, some 14 miles north-east of Birmingham. The property occupies a prominent town centre location on the north side of the pedestrianised George Street, diagonally opposite an entrance to the Ankerside Shopping Centre. Other nearby occupiers include Santander Bank, T-Mobile, Holland & Barrett, Greggs and Peacocks.

Tenure

Freehold.

Description

The property, an attractive Grade II listed building, comprises a ground floor retail unit with first and second floor ancillary accommodation.

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.

Description

The property, an attractive Grade II listed building, comprises a ground floor retail unit with first and second floor ancillary accommodation.

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

Floor Use
Floor Areas (Approx)
Tenant Term Rent p.a.x Reversion
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
103.12 sq m
57.69 sq m
36.51 sq
(1,110 sq ft)
(621 sq ft)
(393 sq ft)
MIDSHIRES CARE
LTD
t/a Helping Hands (1)
5 years from
November 2018 (2)
£25,000 (November
2023)
Total
197.32 sq m
(2,124 sq ft)
    £25,000  

(1) In 2017, Midshires Care Ltd reported a turnover of £66,508,118, pre-tax profits of £10,350,177 and a total net worth of £17,145,130 (Source: Experian Group 08/11/2018). Helping Hands has over 90 outlets and operates UK wide (Source: www.helpinghandshomecare.co.uk).
(2) The tenant will benefit from a 12 month rent free period from the lease commencement. The Seller has agreed to adjust the completion monies so that the unit effectively produces £25,000 p.a. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    887 KB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    3 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

Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regent Street
London
W1B 2AD
Alexy Pemberton 020 7355 6008alexy.pemberton@hamlins.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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