Sir Nigel Gresley public house, Community Centre, Boots, Greggs, Tui and William Hill
VAT-free investment
Lot 56
Auction 24th October 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
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.
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
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
(1) Tenant's option to determine on 31/08/2021 and 31/08/2024, upon 6 months' written notice. (2) Website: www.swadfishbar.co.uk
