52 - 54 High Street
Stourbridge
West Midlands
DY8 1DE

Freehold Retail, Workshop, Advertising Hoarding and Taxi Investment

  • Town centre location
  • Comprises two shops, seven studio workshops, taxi rank, advertising hoarding and garage
  • 52/53 let to Mary Stevens Hospice Trading Limited (2019 option not exercised)
  • Asset management opportunity
  • VAT-free investment
  • Lot
    10
  • Auction
    23/May/2019
  • Rent
    £63,100 per Annum
  • Status
    Available
  • Price*
    £500,000 - £525,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of an Oxford College

Important Auction & Property Update
  • 52 - 54 High Street<br>Stourbridge<br>West Midlands<br>DY8 1DE
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* More information on the term "price" can be found here

Property Information

Location
Miles
12 miles west of Birmingham city centre
9 miles south of Wolverhampton
Roads
A491, M5, M42
Rail
Stourbridge Junction
Air
Birmingham International Airport
Situation

Stourbridge forms part of the West Midlands conurbation, located 12 miles west of Birmingham city centre, 9 miles south of Wolverhampton and 5 miles south-west of Dudley. The town is located on the A458 which provides access to Birmingham and the M5, 7 miles to the east. The property is situated in the town centre on the eastern side of High Street, close to its junction with Coventry Street. The property has frontage to St John's Road.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with seven studio workshops to the rear. No. 52/53 High Street benefits from a first floor which oversails 54 High Street. The land at the rear comprises a taxi rank, advertising hoarding and a garage.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Retail
Ancillary
300 sq m
322 sq m
(3,219 sq ft)
(3,473 sq ft)
MARY STEVENS
HOSPICE TRADING
LIMITED (1)
6 years from
29/09/2016 (2)
£32,50029/09/2019
(28/09/2022)
GroundRetail
55 sq m
(594 sq ft)
CLOTHING 4 LIMITED
t/a School Shop (3)
6 years from
9/06/2017 (4)
£12,0002020
(2023)
GroundWorkshop
Studios 1-7
289 sq m
(3,111 sq ft)
INDIVIDUALSVarious Licences£7,800 
First
Second
Workshop
289 sq m
155 sq m
(3,111 sq ft)
(1,668 sq ft)
VACANT   
GroundTaxi Rank
Car Parking
INDIVIDUALS
t/a Falcon Taxis (5)
6 years from
25/12/2012
£9,000Holding Over
 Advertising
Hoarding
PRIMESIGHT £800 
GroundGarage
MARY STEVENS
HOSPICE TRADING
LIMITED
Informal Licence£1,000 
Total Commercial Area
1,410 sq m
(15,176 sq ft)
  £63,100 

(1) Operates from 20 shops in the West Midlands. Mary Stevens Hospice has been providing high quality care for people living with cancer and other life-limiting illnesses since 1991 (Source: www.marystevenshospice.co.uk).
(2) Tenant's option to determine in September 2019 not operated.
(3) Operates from 5 shops in West Midlands (Source: www.clothing4schools.com).
(4) Tenant's option to determine in 2020.
(5) www.falconstourbridge.co.uk.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    17.05.19
    File Size
    62 MB
    Login to View
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    612 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Knights Plc Midland House West Way Botley
Oxford
OX2 0PH
Richard Goodlad 01865 811 770richard.goodlad@knightsplc.com

Useful Links

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