20-21 Market Place
Dudley
West Midlands
DY1 1PJ

Freehold Retail Investment

  • Let to Done Brothers (Cash Betting) Limited
  • Prominent town centre location on pedestrianised Market Place
  • Nearby occupiers include Costa Coffee, Holland & Barrett, Iceland, Specsavers, Warren James, Greggs, J D Wetherspoon, Domino's, Wilko, Poundland and Boots the Chemist
  • High yielding on Guide Price
  • In the same ownership for nearly 25 years
  • Lot
    21
  • Auction
    26/Mar/2020
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • 20-21 Market Place<br>Dudley<br>West Midlands<br>DY1 1PJ
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* More information on the term "price" can be found here

Property Information

Location
Miles
11 miles west of Birmingham
Roads
A459, A4037, M5
Rail
Tipton
Air
Birmingham Airport
Situation

Dudley is an important commercial centre in the West Midlands, approximately 11 miles north-west of central Birmingham. The property is located on the south side of the pedestrianised Market Place, opposite Dudley Open Air Market, in a prominent position adjacent to Churchill Shopping Centre, which includes retailers such as Costa Coffee, Holland & Barrett, Iceland, Specsavers, Warren James and Greggs. Other nearby retailers on Market Place and the adjoining High Street include J D Wetherspoon, Domino's, Wilko, Poundland and Boots the Chemist.

Tenure

Freehold.

Description

The property comprises a three storey building arranged as a ground floor shop/betting office with ancillary accommodation on first and second floors.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x.
Ground
First
Second
Retail
Ancillary
Ancillary
105.90 sq m
95.70 sq m
30.90 sq m
(1,140 sq ft)
(1,030 sq ft)
(333 sq ft)
DONE BROTHERS
(CASH BETTING)
LIMITED (1)
15 years from 12/11/2007
on a full repairing and
insuring lease
£40,000
Total
232.50 sq m
(2,503 sq ft)
  40,000

(1) Betfred is one of the biggest and most well-known gambling brands on the high street, with over 1,600 shops
(source: www.betfred.com 24/02/2020).

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
    18.03.20
    File Size
    4 MB
    Login to View
  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    784 KB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    785 KB
    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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
BBS Law First Floor, The Edge, Clowes Street
Manchester
Manchester
M3 5NA
Matthew Owen 01618 322 500matthew@bbslaw.co.uk

Useful Links

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