Comprises five retail units (arranged as four shops)
Approximately 1,623.43 sq m (17,474 sq ft)
Located opposite the Rowland Hill Shopping Centre and close to The Swan Shopping Centre
Nearby occupiers include Peacocks, Poundland, Santander and Wilko
Of interest to investors, developers and owner occupiers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 87
Auction 7th July 2016
Vacant Possession
Status Sold
Price £230,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
14 miles north of Worcester, 7 miles south of
Wolverhampton, 19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
The property is prominently situated on the east side of pedestrianised Worcester Street directly opposite Rowland Hill Shopping Centre. The property is located at the northern end of Worcester Street close to its junction with High Street and The Swan Shopping Centre which houses tenants such as Argos, Vodafone and Nationwide. Other nearby occupiers include Poundland, Peacocks, Wilko and Card Factory.
Tenure
Freehold.
Location
Miles
14 miles north of Worcester, 7 miles south of
Wolverhampton, 19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
The property is prominently situated on the east side of pedestrianised Worcester Street directly opposite Rowland Hill Shopping Centre. The property is located at the northern end of Worcester Street close to its junction with High Street and The Swan Shopping Centre which houses tenants such as Argos, Vodafone and Nationwide. Other nearby occupiers include Poundland, Peacocks, Wilko and Card Factory.
Tenure
Freehold.
Description
The property comprises five units arranged as four shops, providing ground floor retail accommodation and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
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.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises five units arranged as four shops, providing ground floor retail accommodation and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
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.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Floor Areas (Approx)
Tenant
1
Ground First
196.90 sq m 154.20 sq m
(2,119 sq ft) (1,660 sq ft)
VACANT
2
Ground First
128.40 sq m 124.00 sq m
(1,382 sq ft) (1,335 sq ft)
VACANT
3 & 4
Ground First
620.20 sq m 282.23 sq m
(6,676 sq ft) (3,038 sq ft)
FORCES SUPPORT CHARITY (1)
5
Ground First
62.90 sq m 54.60 sq m
(677 sq ft) (587 sq ft)
VACANT
Totals
1,623.43 sq m
(17,474 sq ft)
(1) The tenant is holding over on two licences dated 1st February 2012 and 1st October 2012 at a total rent of £20 per annum.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
