Tenant t/a Post Office/WHSmith Local with guarantor
Tenant 2020 break option NOT exercised
Close to Morrisons supermarket car park
(200 spaces) and a bus stop
VAT-free investment
Lot 18
Auction 12th February 2020
Rent £45,000 per Annum Exclusive
Status Sold
Price £625,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On Behalf of Wesleyan
Property Information
Location
Miles
3 miles north-west of Solihull
4 miles south of Birmingham city centre
15 miles west of Coventry
Roads
A41, A34, A38, M6 (Junction 6), M42 (Junction 5)
Rail
Acocks Green Railway Station
Air
Birmingham International Airport
Situation
Acocks Green is a busy and popular urban suburb located approximately 4 miles south-east of Birmingham city centre. The property is situated in a prominent location on Warwick Road (A41), Acock Green's main retailing area, close to its junction with Station Road. A Morrisons supermarket and large car park is located close by, with other nearby occupiers including NatWest, Lloyds Pharmacy, KFC, Boots, Halifax and Superdrug.
Tenure
Freehold.
Location
Miles
3 miles north-west of Solihull
4 miles south of Birmingham city centre
15 miles west of Coventry
Roads
A41, A34, A38, M6 (Junction 6), M42 (Junction 5)
Rail
Acocks Green Railway Station
Air
Birmingham International Airport
Situation
Acocks Green is a busy and popular urban suburb located approximately 4 miles south-east of Birmingham city centre. The property is situated in a prominent location on Warwick Road (A41), Acock Green's main retailing area, close to its junction with Station Road. A Morrisons supermarket and large car park is located close by, with other nearby occupiers including NatWest, Lloyds Pharmacy, KFC, Boots, Halifax and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation above and rear service access.
VAT
VAT is not applicable to this lot.
EPC
See legal pack at acuitus.co.uk
Description
The property comprises a ground floor shop with ancillary accommodation above and rear service access.
VAT
VAT is not applicable to this lot.
EPC
See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail Ancillary
240.7 sq m 183 sq m
(2,591 sq ft) (1,970 sq ft)
ZCO LIMITED t/a Post Office/ WHSmith Local guaranteed by Potent Solutions Limited (2)
15 years from 2/02/2015 on a full repairing and insuring lease (1)
£45,000
02/02/2020 and 5 yearly
Total
423.7 sq m
(4,561 sq ft)
£45,000
(1) Tenant's option to determine on 01/02/2022. Tenant's option to determine 01/02/2020 not exercised. (2) For the year ending 30th June 2018, ZCO Limited reported a net worth of £485,241 (Source: Experian 17/01/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
