Vodafone 4 Dudley Street Wolverhampton West Midlands WV1 3EN

Vodafone
4 Dudley Street
Wolverhampton
West Midlands
WV1 3EN

Freehold Retail Investment

Entirely let to Peoples Phone Ltd, with guarantee, trading as Vodafone
Approximately 125.84 sq m (1,355 sq ft)
Prominent position on prime pedestrianised retail thoroughfare
Nearby occupiers include Co-Operative Bank, The Carphone Warehouse and McDonald's
On behalf of Joint LPA Receivers
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

Lot
18
Auction
21st October 2010
Rent
£70,000 per Annum Exclusive
Status
Sold
Price
£630,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

Entirely let to Peoples Phone Ltd, with guarantee, trading as Vodafone
Approximately 125.84 sq m (1,355 sq ft)
Prominent position on prime pedestrianised retail thoroughfare
Nearby occupiers include Co-Operative Bank, The Carphone Warehouse and McDonald's
On behalf of Joint LPA Receivers
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

Lot 18
Auction 21st October 2010
Rent £70,000 per Annum Exclusive
Status Sold
Price £630,000
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 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 BASEMENT STORAGE. Access to the basement is via a hatch only.

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 a GROUND FLOOR RETAIL UNIT with STAFF AND STORAGE ACCOMMODATION on the first floor and BASEMENT STORAGE. Access to the basement is via a hatch only.

VAT

VAT is applicable to this lot.

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 Basement	Retail Staff & Storage Storage	66.58 sq m 59.26 sq m Not Measured	(717 sq ft) (638 sq ft)	PEOPLES PHONE LTD, guaranteed by VODAFONE MULTIMEDIA LTD (t/a Vodafone) (1)(2)	15 years from 29/09/1999 on a full repairing and insuring lease	£70,000	29/09/2009
Totals		125.84 sq m	(1,355 sq ft)			£70,000

(1) Peoples Phone Ltd and Vodafone Multimedia Ltd are subsidiaries of Vodafone Group plc. For the year ending 31st March 2010, Vodafone Group plc reported a turnover of £44,472,000,000, pre-tax profits of £8,674,000,000 and a net worth of £16,123,000,000. (Source: www.riskdisk.com 23/09/2010)(2) Please note, Vodafone Ltd, a subsidiary of Vodafone Group plc, are paying the rent.