248 Duchess Parade
High Street
West Bromwich
West Midlands
B70 7QG

Freehold Retail & Commercial Investment

  • Shop let on a new 10 year lease (subject to option)
  • Adjacent to McDonalds
  • Pedestrianised Town Centre Location
  • Close to both Queens Square & Kings Square Shopping Centre`s
  • Lot
    31
  • Auction
    05/May/2021
  • Rent
    £19,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £187,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 248 Duchess Parade<br>High Street<br>West Bromwich<br>West Midlands<br>B70 7QG
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* More information on the term "price" can be found here

Property Information

Location
Miles
5 miles north-west of Birmingham
8 miles south-east of Wolverhampton
Roads
A41, M5 (Junction 1), M6 (Junction 8)
Rail
Sandwell and Dudley Railway Station
Air
Birmingham International Airport
Situation

The properties occupy a prominent position on the southern side of the pedestrianised High Street, in close proximity to Queens Square and Kings Square Shopping Centres housing retailers including Poundland, Boots the Chemist, Greggs, Superdrug, Iceland and H Samuel. Other nearby retailers include McDonald's, Farmfoods and Heron Foods. Car parking with over 820 car parking spaces is nearby.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation at first floor fronting High Street, together with a separately let Storage unit on ground and first floor to the rear. The tenant of the rear storage unit trades from 250 High Street.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% + VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion Available

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Retail
Ancillary
76.10 sq m
31.30 sq m
(820 sq ft)
(337 sq ft)
N.H.N. NGUYEN
(t/a Nail Bar)
10 years from
12/03/2021 until
11/03/2031 (1)
£15,00012/03/2026
(11/03/2031)
Ground
First
Storage
Storage
63.80 sq m
56.30 sq m
(687 sq ft)
(606 sq ft)
ECONIKA
LIMITED (3)
5 years from
14/08/2019 until
13/08/2024 (2)
£4,500(13/08/2024)
Total
227.50 sq m
(2,450 sq ft)
  £19,500 

(1) subject to a tenant option to determine on 12th March 2026
(2) subject to a tenant option to determine on 14th August 2022
(3) Econika Ltd trade from the adjoining shop at 250 High Street (250 High Street is not included in the sale)

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.04.21
    File Size
    11 MB
    Login to View
  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    652 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    897 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

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