Kwik-Fit Mill Lane Halesowen West Midlands B63 3JE

Kwik-Fit
Mill Lane
Halesowen
West Midlands
B63 3JE

Prominent Freehold Tyre Depot Investment

Entirely let to Kwik-Fit Properties Limited
Lease expired March 2022 (Tenant holding over)
Tenant in occupation for at least 25 years
Approximately 5,058 sq ft with parking for about 12 cars
Prominent location just off A459 (Bromsgrove Street) and close to B&Q, Wickes, Howdens, Aldi, KFC, McDonald's and Papa Johns
Immediate Asset Management Opportunities and possible Redevelopment potential (subject to lease and consents)

Lot
32
Auction
22nd September 2022
Rent
£42,500 per Annum Exclusive
Status
Sold
Price
£600,000
Auction Venue
Live Streamed Auction

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Prominent Freehold Tyre Depot Investment

Entirely let to Kwik-Fit Properties Limited
Lease expired March 2022 (Tenant holding over)
Tenant in occupation for at least 25 years
Approximately 5,058 sq ft with parking for about 12 cars
Prominent location just off A459 (Bromsgrove Street) and close to B&Q, Wickes, Howdens, Aldi, KFC, McDonald's and Papa Johns
Immediate Asset Management Opportunities and possible Redevelopment potential (subject to lease and consents)

Lot 32
Auction 22nd September 2022
Rent £42,500 per Annum Exclusive
Status Sold
Price £600,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles South-West of Birmingham
Roads: A458, A459, M5, M6 and M42
Rail: Old Hill and Rowley Regis Train Stations
Air: Birmingham International Airport

Situation

The property is located in Halesowen, 6 miles South-West of Birmingham City Centre. The property is located off the A459, approximately 1.25 miles from Junction 3 of the M5. Nearby occupiers include B&Q, Wickes, Howdens, Aldi, KFC, McDonald's and Papa Johns.

Tenure

Freehold.

Location

Miles: 6 miles South-West of Birmingham
Roads: A458, A459, M5, M6 and M42
Rail: Old Hill and Rowley Regis Train Stations
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a single-storey tyre and exhaust centre benefitting from a forecourt with approximately 12 car parking spaces to the front and side.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a single-storey tyre and exhaust centre benefitting from a forecourt with approximately 12 car parking spaces to the front and side.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Gross Internal Areas Approx sq m (1)	Gross Internal Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
Ground	Workshop/Office	472.40	(5,085)	KWIK-FIT PROPERTIES LIMITED (2) (t/a Kwik-Fit)	25 years from 3rd March 1997 on a full repairing and insuring lease (Holding Over) (3)	£42,500
Total		472.40	(5,085)			£42,500

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Kwik-Fit Properties Limited trade in over 600 centres across the UK (www.kwik-fit.com/locate-a-centre/halesowen-mill-lane)
(3) Please note that the tenant is currently holding over. No Notices have been served by the landlord or tenant

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.