28 Tamworth Road
Long Eaton
Nottinghamshire
NG10 1JJ

Freehold Retail Investment and Large Car Park

  • Let to T J Morris Ltd t/a Home Bargains on a lease expiring 2025
  • Includes 49 space car park and loading area
  • Comprises 21,593 sq ft on a 0.78 acre site
  • Tenant in occupation since 2006
  • Mixed commercial and residential location
  • VAT-free investment
  • Lot
    24
  • Auction
    24/Oct/2019
  • Rent
    £100,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of Wesleyan Assurance Society
Important Auction & Property Update
  • 28 Tamworth Road<br>Long Eaton<br>Nottinghamshire<br>NG10 1JJ
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  • Photos
  • Map

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

Property Information

Location
Miles
8 miles south-west of Nottingham
9 miles south-east of Derby
24 miles north of Leicester
Roads
A52, A6005, M1 (Junction 25)
Rail
Long Eaton
Air
Nottingham Airport
Situation

The property is in a mixed residential/commercial area and occupies a substantial site within the town centre on Tamworth Road, immediately south-west of High Street, the town's principal retail thoroughfare. Tamworth Road (B6540) is one of the main arterial roads in the town. The property has frontages to both Tamworth Road and Albert Road. The car park to the property is accessed via Albert Road and the town's main car park on Beaconsfield Street is located 80 metres to the east. Occupiers nearby including Lloyds Bank, Iceland, Nationwide, Thomson and Costa Coffee, amongst a number of other traders.

Tenure

Freehold.

Description

The property comprises a large shop with storage, staff and ancillary accommodation. The property benefits from a car park with 49 marked spaces, as well as a loading area. The property fronts both Tamworth Road and Albert Road.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Erewash Borough Council. www.erewash.gov.uk

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Retail
Ancillary
1,021 sq m
985 sq m
(10,991 sq ft)
(10,602 sq ft)
T J MORRIS LIMITED t/a Home Bargains (1)10 years from
03/11/2015
expiring
02/11/2025 on a full repairing &
insuring lease
£100,00003/11/2020
Total
2,006 sq m
(21,593 sq ft)
  £100,000 

(1) TJ Morris Ltd, trading as Home Bargains, is one of the UK's fastest growing discount retailers. TJ Morris was established over 40 years ago by Tom Morris. Since opening his first store in Liverpool, Tom has grown the business organically to become one of the biggest privately owned companies in the UK. The company now boasts over 500 stores and employs more than 22,000 staff. It is the largest employer on Merseyside and is the largest independent grocer in the country (Source:www.homebargains.co.uk). For the year ended 30th June 2018, T J Morris Ltd reported a turnover of £2,143,267,097, pre-tax profits of £202,700,562 and a net worth of £911,755,756 (Source: Experian 25.09.2019).

Property Documents

  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Wilkes Partnership 41 Church Street
Birmingham
B3 2RT
Grahame Griffiths 0121 233 4333ggriffiths@wilkes.co.uk

Useful Links

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