39 Market Street and Bolt Court Lichfield Staffordshire 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

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

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