Halfords Autocentres Greyfriars Place Stafford Staffordshire ST16 2SD

Halfords Autocentres
Greyfriars Place
Stafford
Staffordshire
ST16 2SD

Freehold Motor Trade Investment

Let to Halfords Autocentres Limited until June 2022
Located adjacent to Greyfriars Retail Park
Nearby occupiers include Screwfix, Dulux, Decorator Centre, Dreams and Dunelm

Lot
29
Auction
19th October 2017
Rent
£17,100 per Annum Exclusive
Status
Sold
Price
£300,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Motor Trade Investment

Let to Halfords Autocentres Limited until June 2022
Located adjacent to Greyfriars Retail Park
Nearby occupiers include Screwfix, Dulux, Decorator Centre, Dreams and Dunelm

Lot 29
Auction 19th October 2017
Rent £17,100 per Annum Exclusive
Status Sold
Price £300,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A34, M6 (Junction 14)
Rail: Stafford Rail
Air: Birmingham International Airport

Situation

The property is located on Greyfriars Place, off Greyfriars (A34), approximately 0.7 miles to the north of Stafford town centre and 1 mile south of the M6 Motorway (Junction 14) via Eccleshall Road (A5031). Adjacent to the property is Greyfriars Retail Park, which houses occupiers including Dunelm, Dreams, The Range and Farm Foods. Other nearby occupiers include Screwfix, National Tyres and Dulux Decorator Centre

Tenure

Freehold.

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A34, M6 (Junction 14)
Rail: Stafford Rail
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey motorist centre comprising reception and workshop accommodation. The unit benefits from 5 roller shutter doors and on-site parking at the rear for approximately 10 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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/ (Reversion)
Ground	Workshop	216 sq m	(2,326 sq ft)	HALFORDS AUTOCENTRES LIMITED (1)	10 years from 24/06/2012 on an effective full repairing and insuring lease	£17,100	24/06/2017 (2) (23/06/2022)
Total		216 sq m	(2,326 sq ft)			£17,100

(1) For the year ending 1st April 2016, Halfords Autocentres Limited reported a turnover of £152,992,000, pre-tax profits of £1,910,000 and a total net worth of £34,676,000 (Source: Experian Group 11/09/2017). Halfords Autocentres has over 300 UK autocentres (Source: www.halfordsautocentres.com 21.09.2017).
(2) The 2017 rent review is outstanding.