113 High Street Bromsgrove Worcestershire B61 8AE

113 High Street
Bromsgrove
Worcestershire
B61 8AE

Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Limited with a guarantee from Arcadia Group Limited
5 year lease from 2015 (lease renewal)
Tenant in occupation for over 10 years
Re-based rent
Approximately 4,809 sq ft
Nearby occupiers include Asda Superstore, Argos, Iceland & Boots the Chemist
Prominent position on pedestrianised High Street

Lot
23
Auction
7th December 2017
Rent
£40,500 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Limited with a guarantee from Arcadia Group Limited
5 year lease from 2015 (lease renewal)
Tenant in occupation for over 10 years
Re-based rent
Approximately 4,809 sq ft
Nearby occupiers include Asda Superstore, Argos, Iceland & Boots the Chemist
Prominent position on pedestrianised High Street

Lot 23
Auction 7th December 2017
Rent £40,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles north-east of Worcester, 15 miles south-west of Birmingham
Roads: A38, A448, M5, M42
Rail: Bromsgrove Railway Station (links to Birmingham New Street and London Euston)
Air: Birmingham International Airport

Situation

The property is situated on the western side of the pedestrianised High Street, close to its junctions with Mill Lane and Chapel Street, in the heart of Bromsgrove town centre. Nearby occupiers include Asda Superstore, Iceland and Boots the Chemist, with Costa, Edinburgh Woollen Mill, Peacocks, WHSmith and branches of Barclays, Halifax and Lloyds also represented on High Street. Recreation Road South Car Park is a short walk away which provides car parking for approximately 350 cars.

Tenure

Freehold.

Location

Miles: 15 miles north-east of Worcester, 15 miles south-west of Birmingham
Roads: A38, A448, M5, M42
Rail: Bromsgrove Railway Station (links to Birmingham New Street and London Euston)
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a well configured shop with sales and ancillary accommodation on both 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

The property comprises a well configured shop with sales and ancillary accommodation on both 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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail/Ancillary Retail/Ancillary	281.00 sq m 165.80 sq m	(3,024 sq ft) (1,785 sq ft)	BURTON/DOROTHY PERKINS PROPERTIES LIMITED (1) with a guarantee from Arcadia Group Ltd (2)	5 years from 01/06/2015 on a full repairing and insuring lease	£40,500
Totals		446.80 sq m	(4,809 sq ft)			£40,500

(1) Dorothy Perkins has around 400 UK stores and is growing a global presence with around 125 outlets in countries including Spain, Gibraltar, Cyprus, Turkey and Singapore. For the year ending 27th August 2016, Burton/Dorothy Perkins Properties Limited reported a turnover of £10,971,000, pre-tax profits of £199,000 and a total net worth of £-272,000 (Sources: www.dorothyperkins.com and Experian Group 25/10/2017).
(2) For year ending 27th August 2016, Arcadia Group Limited reported a turnover of £2,009,788,000, pre-tax profits of £130,718,000 and a total net worth of £2,354,495,000 (Source: Experian Group 25/10/2017).