Kwik Fit
131 Stafford Street
Walsall
West Midlands
WS2 8EA

Freehold Tyre Depot Investment

  • Entirely let to Kwik-Fit Properties Ltd (guaranteed by Kwik-Fit Holdings Limited) until 2027 (no breaks) (t/a Tyre City)
  • Potential long term residential redevelopment (subject to consents)
  • Forecourt with parking for approximately 12 cars
  • Prominent position fronting Stafford Street (B4210)
  • Total site area of approximately 0.17 hectares (0.42 acres) with a site coverage of approximately 27%
  • Lot
    31
  • Auction
    11/Dec/2019
  • Rent
    £44,395 per Annum Exclusive
  • Status
    Available
  • Price*
    £575,000 - £600,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • Kwik Fit<br>131 Stafford Street<br>Walsall<br>West Midlands<br>WS2 8EA
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* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles north of Birmingham
41 miles west of Leicester
48 miles south-west of Nottingham
Roads
A34, A4148, M6 (Junction 10)
Rail
Walsall Rail
Air
Birmingham International Airport
Situation

The property is situated approximately half a mile north of Walsall town centre, occupying a prominent roadside pitch at the junction of Stafford Street (B4210) and Proffitt Street. The M6 Motorway (Junction 10) is approximately 1 mile to the west. Stafford Street comprises a small retail parade, as well as a number of units occupied by a range of local retailers.

Tenure

Freehold.

Description

The property comprises a single storey motorist centre benefitting from vehicle bays with shutter doors and forecourt with parking for approximately 12 cars. The property has a total site area of approximately 0.17 hectares (0.42 acres) with a site coverage of approximately 27%. The property may be suitable for long term residential redevelopment (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundMotorist
Centre
414.10 sq m
(4,457 sq ft)
KWIK-FIT
PROPERTIES
LTD guaranteed
by Kwik-Fit
Holdings Limited
t/a Tyre City (1)
(2)
30 years from 22/12/1997 until
21/12/2027 on a full repairing and
insuring lease
£44,39522/12/2022
Total
414.10 sq m
(4,457 sq ft)
  £44,395 

(1) Kwik-Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes and air-con. They are the leading fast-fit suppliers of tyres in the country and carry stocks of over 600,000 products in over 600 centres in the UK
(Source: www.kwik-fit.com 29/10/2019).
(2) Kwik-Fit Holdings Limited was incorporated in July 1940 and is rated by Experian as 'Very Low Risk' and for the year ending
31st March 2018, reported a pre-tax profit of negative £50,000 and total net worth of £28,510,000 (Source: Experian Group 29/10/2019).

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.11.19
    File Size
    9 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    594 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    1 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Boyes Turner LLP Abbots House, Abbey Street
Reading
Rg1 3BD
Rachel Duncan 0118 952 7280rduncan@boyesturner.com

Useful Links

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