Tenants include Petsco Ltd (t/a White Cross Vets) and Explore Learning Ltd
Located on the busy A435 Alcester Road South
On-site Car Parking
Lot 42
Auction 22nd May 2014
Rent £53,254 per Annum Exclusive
Status Sold
Price £495,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
6 miles south of Birmingham, 70 miles east of Northampton, 85 miles north of Bristol
Roads
A38(M), M42 (Junction 4), M6 (Junction 6),
M40 (Junction 37)
Rail
Yardley Wood Rail
Air
Birmingham International
Situation
The property is situated on the eastern side of the busy Alcester oad South (A435) which is one of the main arterial routes of Birmingham.
Tenure
Freehold.
Location
Miles
6 miles south of Birmingham, 70 miles east of Northampton, 85 miles north of Bristol
Roads
A38(M), M42 (Junction 4), M6 (Junction 6),
M40 (Junction 37)
Rail
Yardley Wood Rail
Air
Birmingham International
Situation
The property is situated on the eastern side of the busy Alcester oad South (A435) which is one of the main arterial routes of Birmingham.
Tenure
Freehold.
Description
The property comprises three retail units, one of which has been sold off, with residential upper parts, also sold off. The property benefits from rear access via a service road which leads to a car park with a total of approximately 23 spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three retail units, one of which has been sold off, with residential upper parts, also sold off. The property benefits from rear access via a service road which leads to a car park with a total of approximately 23 spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
No
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
281
Ground
Retail
209.96 sq m
(2,260 sq ft)
EXPLORE LEARNING LIMITED (1)
15 years from 16/09/2011 until 15/09/2026
£27,250
16/09/2016 and 16/09/2021
283
Ground
Retail
139.35 sq m
(1,500 sq ft)
PETSCO LIMITED (t/a White Cross Vets) (2)
15 years from 12/01/2009 until 11/01/2024
£26,000
12/01/2014 (3) and 12/01/2019
287- 289
Ground
Retail
RAPSODY PROPERTIES LTD (t/a Tesco Express)
999 years from 03/02/2010
£2
(02/02/3009)
First/ Second
Residential
ALCESTER PLACE LIMITED
125 years from 10/12/2007
£2
(09/12/2132)
Totals
£53,254
(1) For the year ending 31st December 2012, Explore Learning Limited reported a turnover of £19,687,000, pre-tax profits of £784,000 and a total net worth of £7,039,000. (Source: www.riskdisk.com 16/04/2014). (2)White Cross Vets have been caring for the pets in the North of England for over 75 years, having started in West Yorkshire in 1937 and now trade from approximately 12 branches (Source: www.whitecrossvets.co.uk 16/04/2014). (3)As to the Petsco Limited lease, the 2014 rent review is outstanding.
