7 High Street
Swadlincote
Derbyshire
DE11 8JE

Freehold Retail Investment

Prominent town centre location
2018 fitted out takeaway
New 10 year lease from 2018 (1)
Nearby occupiers include Bodells Bar,
Sir Nigel Gresley public house, Community Centre, Boots, Greggs, Tui and William Hill
VAT-free investment

Lot
56
Auction
24/Oct/2019
Rent
£9,950 per Annum Exclusive
Status
Sold
Price*
£134,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Photos
Map

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

Property Information

Location

Miles: 25 miles north-east of Birmingham; 19 miles north-west of Leicester; 5 miles south-east of Burton-on-Trent
Roads: A511, A444, A38, M1, A42
Rail: Burton-on-Trent
Air: East Midlands Airport, Birmingham Airport

Situation

Swadlincote is a market town located 5 miles south-east of Burton-on-Trent, 25 miles north-east of Birmingham and
19 miles north-west of Leicester, with a population of some 36,000. The town enjoys good communications, located between the A38, A42 and A511. The A511 provides access to the M1 Motorway 12 miles to the east. East Midlands Airport is 12 miles to the north-east. The property is situated on the northern side of the pedestrianised section of High Street, the town's main retail thoroughfare, at its junction with Belmont Street. Bodells Bar is located on Belmont Street together with a public car park. Nearby occupiers include Greggs (diagonally adjacent), Specsavers, Boots, HSBC, William Hill and Morrisons.

Tenure

Freehold.

Description

The property comprises a ground floor takeaway and kitchen with ancillary staff/storage accommodation at first floor.

VAT

VAT is not applicable to this lot.

EPC

Band E. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Leisure Ancillary	64 sq m 47 sq m	(689 sq ft) (506 sq ft)	GORWAY LIMITED t/a Swad Fish Bar (2)	10 years from 31.08.2018 on a full repairing and insuring lease (1)	£9,950	2021, 2024 & 2027 (1)
Total		111 sq m	(1,195 sq ft)			£9,950