39 Market Street and Bolt Court Lichfield Staffordshire WS13 6LA

  • 39 Market Street and Bolt Court<br>Lichfield<br>Staffordshire<br>WS13 6LA

39 Market Street and Bolt Court
Lichfield
Staffordshire
WS13 6LA

Freehold Retail Investment

  • Comprises five retail units
  • Benefits from substantial footfall from public car park to rear
  • Pedestrianised location in popular and historic Cathedral City
  • Nearby occupiers including Holland & Barrett, Specsavers, Caffè Nero, White Stuff, Superdrug and McDonald's
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    45
  • Auction
    25th May 2017
  • Rent
    £46,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £537,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Comprises five retail units
  • Benefits from substantial footfall from public car park to rear
  • Pedestrianised location in popular and historic Cathedral City
  • Nearby occupiers including Holland & Barrett, Specsavers, Caffè Nero, White Stuff, Superdrug and McDonald's
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 45
  • Auction 25th May 2017
  • Rent £46,200 per Annum Exclusive
  • Status Sold
  • Price £537,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
15 miles north of Birmingham, 33 miles west of Leicester
Roads
A38, A51, A5192, M6 Toll, M6
Rail
Lichfield City Railway Station
Air
Birmingham International Airport
Situation

Lichfield is a popular and historic Cathedral City located just 15 miles north of Birmingham City Centre. The property is situated on pedestrianised Market Street in the heart of the City Centre, at its junction with Breadmarket Street and Market Place. Immediately to the rear of the property is a substantial public car park for approximately 160 cars which can be accessed by a passageway included within the property. Nearby occupiers include Holland & Barrett, Specsavers, Caffè Nero, White Stuff, Superdrug and McDonald's.

Tenure

Freehold.

Location
Miles
15 miles north of Birmingham, 33 miles west of Leicester
Roads
A38, A51, A5192, M6 Toll, M6
Rail
Lichfield City Railway Station
Air
Birmingham International Airport
Situation

Lichfield is a popular and historic Cathedral City located just 15 miles north of Birmingham City Centre. The property is situated on pedestrianised Market Street in the heart of the City Centre, at its junction with Breadmarket Street and Market Place. Immediately to the rear of the property is a substantial public car park for approximately 160 cars which can be accessed by a passageway included within the property. Nearby occupiers include Holland & Barrett, Specsavers, Caffè Nero, White Stuff, Superdrug and McDonald's.

Tenure

Freehold.

Description

39 Market Street is Grade II Listed and comprises retail/ancillary accommodation over the ground, lower ground, first and second floors. Additionally, there is an adjoining passageway accessed from Market Street providing access to Bolt Court comprising four kiosk style retail units arranged over ground and first floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

39 Market Street is Grade II Listed and comprises retail/ancillary accommodation over the ground, lower ground, first and second floors. Additionally, there is an adjoining passageway accessed from Market Street providing access to Bolt Court comprising four kiosk style retail units arranged over ground and first floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
39 Market
Street
Ground
Lower Ground
First
Second
Retail/Ancillary
Ancillary
Retail/Ancillary
Ancillary
30.66 sq m
11.89 sq m
36.60 sq m
43.76 sq m
(330 sq ft)
(128 sq ft)
(394 sq ft)
(471 sq ft)
INDIVIDUAL
t/a City Jewellers
15 years from
25/12/2004
£18,200
24/12/2019
2 Bolt Court
Ground
First
Retail/Ancillary Ancillary
6.04 sq m
6.78 sq m
(65 sq ft)
(73 sq ft)
INDIVIDUAL t/a Melbourne
in Lichfield
Coffee Shop
3 years from
20/03/2017
(1)
£4,500
19/03/2020
3 Bolt Court
Ground
First
Retail/Ancillary Ancillary
39.95 sq m 24.90 sq m
(430 sq ft) (268 sq ft)
INDIVIDUALS t/a The Salon
6 years from 23/09/2013
£10,000
22/09/2019
4 Bolt Court
Ground
Retail/Ancillary
5.95 sq m
(64 sq ft)
INDIVIDUALS
t/a J & D Shoe
Repairs
15 years
from
25/12/2004
£4,000
24/12/2019
5 Bolt Court
Ground
First
Retail/Ancillary Retail/Ancillary
34.19 sq m 16.54 sq m
(368 sq ft) (178 sq ft)
FLOWER DESIGN OF LICHFIELD
LIMITED t/a
Flower Design
3 years from
18/06/2016
£9,500
17/06/2019
Totals
 
257.26 sq m
(2,769 sq ft)
    £46,200
 

(1) The lease is subject to a tenant option to determine on 20th March 2018.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Kingston CPC 30 Bore Street
Lichfield
Staffordshire
WS13 6PQ
Andrew Buckman 01543 414 300andrew.buckman@kingstoncpc.co.uk
Seller's Solicitors
Ansons Solicitors St. Marys Chambers, 5 - 7 Breadmarket Street
Lichfield
Staffordshire
WS11 6LQ
Jonathan Rowley 01543 263 456jrowley@ansonssolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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