13 Market Street Lichfield Staffordshire WS13 6JX

13 Market Street
Lichfield
Staffordshire
WS13 6JX

Freehold Retail Investment

Pedestrianised town centre location
Let to Cancer Research UK (in occupation for over 15 years)
Close to public car park
Nearby occupiers include Iceland, Dorothy Perkins, B&M, Oxfam and Subway

Lot
10
Auction
14th February 2018
Rent
£31,400 per Annum Exclusive
Status
Sold
Price
£354,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Institution

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Freehold Retail Investment

Pedestrianised town centre location
Let to Cancer Research UK (in occupation for over 15 years)
Close to public car park
Nearby occupiers include Iceland, Dorothy Perkins, B&M, Oxfam and Subway

Lot 10
Auction 14th February 2018
Rent £31,400 per Annum Exclusive
Status Sold
Price £354,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Institution

Property Information

Location

Miles: 16 miles north of Birmingham; 33 miles west of Leicester; 40 miles south of Stoke-on-Trent; 39 miles south-west of Nottingham
Roads: A38,A51, A5182, M6 Toll
Rail: Lichfield City Railway
Air: Birmingham International Airport

Situation

Lichfield is a popular and historic cathedral city located just 16 miles north of Birmingham city centre. The property is situated on the pedestrianised Market Street, in the heart of the city centre, close to its junction with Bird Street. To the rear of the property is a public car park for approximately 160 cars. Nearby occupiers include Oxfam, BHF, Iceland, Dorothy Perkins, B&M, Subway and Coral.

Tenure

Freehold.

Location

Miles: 16 miles north of Birmingham; 33 miles west of Leicester; 40 miles south of Stoke-on-Trent; 39 miles south-west of Nottingham
Roads: A38,A51, A5182, M6 Toll
Rail: Lichfield City Railway
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

This Grade II listed property is arranged over ground and two upper floors to comprise a ground floor shop with first floor storage and an attic floor not presently used. The property benefits from rear loading and a parking space at the rear.

VAT

VAT is not 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 not 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	Reversion
Ground First	Retail/Ancillary Ancillary	98.00 sq m 34.74 sq m	(1,055 sq ft) (374 sq ft)	CANCER RESEARCH UK (1)	10 years from 10/02/2011 on a full repairing and insuring lease	£31,400	2021
Total		132.74 sq m	(1,429 sq ft)			£31,400

(1) For the year ended 31st March 2017, Cancer Research UK reported no turnover, pre-tax profits of £32,900,000 and a total net worth of £383,500,000 (Source: Experian 12/1/2018). Cancer Research UK operate from over 580 shops on the high streets across the UK (Source : www.cancerresearchuk.org).