Entirely let to Waynes Foods Ltd (subsidiary of A.F Blakemore & Sons Ltd) until 2022
Located in a historic and attractive market town
Prominent position on the High Street
Nearby occupiers include Boots the Chemist, Tesco Express and Holland & Barrett
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 75
Auction 19th May 2016
Rent £36,000 per Annum Exclusive
Status Sold
Price £465,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
10 miles south-east of Worcester, 37 miles south of Birmingham
Roads
A44, A46, M5
Rail
Pershore Rail Station
Air
Birmingham Airport
Situation
Pershore is a market town located approximately 10 miles southeast of Worcester. The property is situated on the west side of the High Street. Nearby occupiers include Superdrug, Cheltenham and Gloucester Bank, Tesco Express and Holland & Barrett.
Tenure
Freehold.
Location
Miles
10 miles south-east of Worcester, 37 miles south of Birmingham
Roads
A44, A46, M5
Rail
Pershore Rail Station
Air
Birmingham Airport
Situation
Pershore is a market town located approximately 10 miles southeast of Worcester. The property is situated on the west side of the High Street. Nearby occupiers include Superdrug, Cheltenham and Gloucester Bank, Tesco Express and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with additional storage areas at both ground and first floor. The unit provides office accommodation with canteen facilities on the first floor. At the rear of the premises there is a loading area with car
parking.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with additional storage areas at both ground and first floor. The unit provides office accommodation with canteen facilities on the first floor. At the rear of the premises there is a loading area with car
parking.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not 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/(Reversion)
Ground First
Retail/Ancillary Ancillary
365.90 sq m 395.60 sq m
(3,939 sq ft) (4,258 sq ft)
WAYNES FOODS LIMITED GUARANTEED BY CAPPER & CO (SUBSIDIARIES OF A.F BLAKEMORE & SON LTD) (1)
25 years from 08/09/1997 on a full repairing and insuring lease
£36,000
08/09/2017 (07/09/2022)
Totals
761.50 sq m
(8,197 sq ft)
£36,000
(1) The tenant is not currently in occupation, but is up to date with their rental payments. Waynes Foods Limited and Capper & Co are both subsidiaries of A.F Blakemore & Son Ltd, who for the year ending 26th April 2015 reported a turnover of £1,275,954,000, pre-tax profits of £9,011,000 and a net worth of £62,838,000. (Source: Experian Group)
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
