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.