Pedestrianised town centre location close to WHSmith, Costa, Wilko and Superdrug
Lot 88
Auction 18th October 2018
Rent £37,500 per Annum Exclusive
Status Sold
Price £375,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north-west of Shrewsbury
57 miles north-west of Birmingham City Centre
Roads
A5, A495
Air
Birmingham Airport
Situation
The historic and attractive market town of Oswestry is the third largest town in Shropshire and is situated in close proximity to the Welsh and English border. The property is located on the eastern side of the pedestrianised Bailey Street, which abuts The Cross to the south. Nearby occupiers include WHSmith, Costa, Wilko, Superdrug and Sports Direct.
Tenure
Freehold.
Location
Miles
16 miles north-west of Shrewsbury
57 miles north-west of Birmingham City Centre
Roads
A5, A495
Air
Birmingham Airport
Situation
The historic and attractive market town of Oswestry is the third largest town in Shropshire and is situated in close proximity to the Welsh and English border. The property is located on the eastern side of the pedestrianised Bailey Street, which abuts The Cross to the south. Nearby occupiers include WHSmith, Costa, Wilko, Superdrug and Sports Direct.
Tenure
Freehold.
Description
The property comprises a double-fronted ground floor shop with first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
D
Description
The property comprises a double-fronted ground floor shop with first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
D
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
220.46 sq m 187.25 sq m
(2,373 sq ft) (2,016 sq ft)
SHOE ZONE RETAIL LIMITED (1)
5 years from 01/08/2018 on a full repairing and insuring lease
£37,500
Total
407.71 sq m
(4,389 sq ft)
£37,500
(1) Shoe Zone operate from over 500 stores throughout the UK and Ireland with over 4,000 employees. For the year ending 30th September 2017, Shoe Zone Retail Limited reported a turnover of £157,777,000, pre-tax profits of £9,670,000 and a total net worth of £31,696,000 (Sources: www.shoezone.com and Experian Group 29/08/2018).