Countrywide Farmers Store Audley Avenue Newport Shropshire TF10 7BX

Countrywide Farmers Store
Audley Avenue
Newport
Shropshire
TF10 7BX

Freehold Retail Warehouse Investment

Entirely let to Countrywide Farmers Plc
Prominent corner position just off A518 opposite Aldi
Other nearby occupiers include John Deere Tractors, MJ Motorcare and Beds-For-You
Large On-site Car Park
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
7
Auction
22nd October 2015
Rent
£156,400 per Annum Exclusive
Status
Sold
Price
£1,725,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Oriel College Oxford

Interested?

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Freehold Retail Warehouse Investment

Entirely let to Countrywide Farmers Plc
Prominent corner position just off A518 opposite Aldi
Other nearby occupiers include John Deere Tractors, MJ Motorcare and Beds-For-You
Large On-site Car Park
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 7
Auction 22nd October 2015
Rent £156,400 per Annum Exclusive
Status Sold
Price £1,725,000
Sector
Retail Warehouse
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Oriel College Oxford

Property Information

Location

Miles: 31 miles north-west of Birmingham, 57 miles south of Manchester, 65 miles south-west of Sheffield
Roads: A518, A41, M54 (Junction 3)
Rail: Wellington Rail
Air: Birmingham International Airport

Situation

Newport is a market town in the county of Shropshire some 6 miles north of Telford and some 12 miles west of Stafford. The property is located on Audley Avenue, in a retail warehouse/industrial location approximately 1 mile southeast of the town centre, just off the A518 and close to the A41 which links London with Birkenhead. The property lies opposite Aldi with other occupiers including John Deere, MJ Motorcare and Beds-For-You.

Tenure

Freehold.

Location

Miles: 31 miles north-west of Birmingham, 57 miles south of Manchester, 65 miles south-west of Sheffield
Roads: A518, A41, M54 (Junction 3)
Rail: Wellington Rail
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey retail warehouse unit benefitting from a large customer car park fronting Audley Avenue and a roller shutter door and yard area to the rear with access.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Retail Warehouse	1,277.40 sq m	(13,750 sq ft)	COUNTRYWIDE FARMERS PLC (1)	20 years from 01/10/2002 until 30/09/2022 on a full repairing and insuring lease	£156,400	01/10/2017
Totals		1,277.40 sq m	(13,750 sq ft)			£156,400

(1) For the year ending 31 May 2014, Countrywide Farmers Plc reported a turnover of £298,172,000, pre-tax profits of £1,063,000 and a total net worth of £19,905,000. (Source: www.riskdisk.com 25/09/2015)
Countrywide is the leading supplier of products and services to the rural community with 67 stores across the UK. (Source: www.countrywidefarmers.co.uk 29/09/2015)