197 High Street West Bromwich West Midlands B70 7QZ

197 High Street
West Bromwich
West Midlands
B70 7QZ

A Parade of Three Freehold Retail Investments

Retail parade comprising three units with upper parts
Let to tenants including GR & MM Blackledge Plc (t/a Bodycare) and
Boots Opticians Professional Services Limited
Boots option to determine in 2019 not exercised (3)
Prominent town centre location close to Kings Square and Queens Square shopping centres and tenants including Argos, McDonald's and New Look

Lot
54
Auction
11th July 2019
Rent
£19,000 per Annum Exclusive
Status
Sold
Price
£182,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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

A Parade of Three Freehold Retail Investments

Retail parade comprising three units with upper parts
Let to tenants including GR & MM Blackledge Plc (t/a Bodycare) and
Boots Opticians Professional Services Limited
Boots option to determine in 2019 not exercised (3)
Prominent town centre location close to Kings Square and Queens Square shopping centres and tenants including Argos, McDonald's and New Look

Lot 54
Auction 11th July 2019
Rent £19,000 per Annum Exclusive
Status Sold
Price £182,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 5 miles north-west of Birmingham; 8 miles south-east of Wolverhampton
Roads: A41, M5 (Junction 1), M6 (Junction 8)
Rail: Sandwell and Dudley Railway Station
Air: Birmingham International Airport

Situation

The properties occupy a prominent position on the northern side of the pedestrianised High Street, in close proximity to Queens Square and Kings Square shopping centres housing occupiers including Poundland, Boots the Chemist, Greggs, Superdrug, Iceland, Carphone Warehouse and
H Samuel. Other nearby retailers include Argos, McDonald's, Farmfoods, Heron Foods and
New Look. Queens Square Shopping Centre has a multi-storey car park providing approximately
820 car parking spaces.

Tenure

Freehold.

Location

Miles: 5 miles north-west of Birmingham; 8 miles south-east of Wolverhampton
Roads: A41, M5 (Junction 1), M6 (Junction 8)
Rail: Sandwell and Dudley Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

195 and 197 High Street both comprise ground floor shops with ancillary accommodation on the first floor. 199 High Street comprises a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

195 High Street - Band D. 197 High Street - Band D. 199 High Street - Band D. See legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

195 High Street - Band D. 197 High Street - Band D. 199 High Street - Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Lot	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/ (Reversions)
54	Ground First	Retail Ancillary	95 sq m 54 sq m	(1,022 sq ft) (581 sq ft)	BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (2)	5 years from 29/11/2018 (3)	£19,000	(28/11/2023) (3)
Total			149 sq m	(1,603 sq ft)			£19,000

(1) For the year ending 31st December 2017, GR and MM Blackledge Plc reported a turnover of £136,044,509, pre-tax profits of £2,739,038 and a total net worth of £29,873,192 (Source: Experian Group 06/06/2019). GR & MM Blackledge Plc is a retail group founded in 1970 and has been serving customers for over 45 years with current staffing levels of more than 1,500 employees. The company now trades as Bodycare from 130 stores (Source: www.bodycareplus.com).
(2) For the year ending 31st August 2018, Boots Opticians Professional Services Limited reported a turnover of £388,826,000, pre-tax profits of £16,575,000 and a total net worth of £82,713,000 (Source: Experian Group 06/06/2019). With more than 600 branches across the UK (Source: www.boots.com/opticians).
(3) The lease provides for a tenant option to determine on 28th November 2020. 28th November 2019 tenant option to determine NOT exercised.
(4) Abermarle Bond currently trades from 15 branches nationwide in locations including Acocks Green, Derby, Oxford, Sutton-in-Ashfield and Wolverhampton under the Abermarle Bond and Herbert Brown brands (Source: www.albemarlebond.co.uk 06/06/2019).