3 Dudley Street Wolverhampton West Midlands WV1 3EN

3 Dudley Street
Wolverhampton
West Midlands
WV1 3EN

Freehold Retail Investment

On behalf of Joint LPA Receivers
Entirely let to Greggs plc
Approximately 160.12 sq m (1,724 sq ft) of commercial floor space
Prominent position on prime pedestrianised retail thoroughfare
Nearby occupiers include Co-Operative Bank, The Carphone Warehouse, Oasis and McDonald's

Lot
15
Auction
27th May 2010
Rent
£69,000 per Annum
Status
Sold
Price
£765,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

On behalf of Joint LPA Receivers
Entirely let to Greggs plc
Approximately 160.12 sq m (1,724 sq ft) of commercial floor space
Prominent position on prime pedestrianised retail thoroughfare
Nearby occupiers include Co-Operative Bank, The Carphone Warehouse, Oasis and McDonald's

Lot 15
Auction 27th May 2010
Rent £69,000 per Annum
Status Sold
Price £765,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Population: 236,600
Miles: ?12 miles north west of Birmingham; 7 miles west of Walsall; 20 miles east of Telford
Roads: ?M6, M54, M5
Rail: ?Wolverhampton
Air: Birmingham International

Situation

The property is prominently situated on the east side of Dudley Street, Wolverhampton's prime pedestrianised retail thoroughfare. Nearby occupiers include Co-Operative Bank, The Carphone Warehouse, Oasis and McDonald's.

Tenure

Freehold.

Location

Population: 236,600
Miles: ?12 miles north west of Birmingham; 7 miles west of Walsall; 20 miles east of Telford
Roads: ?M6, M54, M5
Rail: ?Wolverhampton
Air: Birmingham International

Situation

Tenure

Freehold.

Description

The property comprises a GROUND FLOOR RETAIL UNIT with STAFF AND STORAGE ACCOMMODATION on the first floor and a RESIDENTIAL FLAT on the second floor with three rooms, kitchen and bathroom. VATVAT is applicable on this lot.NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second	Retail Staff & Storage Residential Flat ??lt;br />3 Rooms, Kitchen and Bathroom	81.36 sq m 78.76 sq m	(876 sq ft) (848 sq ft)	GREGGS PLC (on assignment from and guaranteed by DX COMMUNICATIONS LTD) (1)	15 years from 25/12/1999 on a full repairing and insuring lease	£69,000	25/12/2009
Ground First Second		Not Measured				£69,000	25/12/2009
Totals		160.12 sq m	(1,724 sq ft)			£69,000

(1) For the year ending 27th December 2008, Greggs plc reported a turnover of ?628,196,000, pre-tax profits of ?49,470,000 and a net worth of ?155,697,000. (Source: www.riskdisk.com 28/04/2010)