52 - 54 High Street Stourbridge West Midlands DY8 1DE

52 - 54 High Street
Stourbridge
West Midlands
DY8 1DE

Freehold Retail, Workshop, Advertising Hoarding and Taxi Investment

Town centre location
Comprises two shops, seven studio workshops, taxi rank, advertising hoarding and garage
52/53 let to Mary Stevens Hospice Trading Limited (2019 option not exercised)
Asset management opportunity
VAT-free investment

Lot
10
Auction
23rd May 2019
Rent
£63,100 per Annum
Status
Sold
Price
£766,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On Behalf of an Oxford College

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Freehold Retail, Workshop, Advertising Hoarding and Taxi Investment

Town centre location
Comprises two shops, seven studio workshops, taxi rank, advertising hoarding and garage
52/53 let to Mary Stevens Hospice Trading Limited (2019 option not exercised)
Asset management opportunity
VAT-free investment

Lot 10
Auction 23rd May 2019
Rent £63,100 per Annum
Status Sold
Price £766,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On Behalf of an Oxford College

Property Information

Location

Miles: 12 miles west of Birmingham city centre; 9 miles south of Wolverhampton
Roads: A491, M5, M42
Rail: Stourbridge Junction
Air: Birmingham International Airport

Situation

Stourbridge forms part of the West Midlands conurbation, located 12 miles west of Birmingham city centre, 9 miles south of Wolverhampton and 5 miles south-west of Dudley. The town is located on the A458 which provides access to Birmingham and the M5, 7 miles to the east. The property is situated in the town centre on the eastern side of High Street, close to its junction with Coventry Street. The property has frontage to St John's Road.

Tenure

Freehold.

Location

Miles: 12 miles west of Birmingham city centre; 9 miles south of Wolverhampton
Roads: A491, M5, M42
Rail: Stourbridge Junction
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units with seven studio workshops to the rear. No. 52/53 High Street benefits from a first floor which oversails 54 High Street. The land at the rear comprises a taxi rank, advertising hoarding and a garage.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First	Retail Ancillary	300 sq m 322 sq m	(3,219 sq ft) (3,473 sq ft)	MARY STEVENS HOSPICE TRADING LIMITED (1)	6 years from 29/09/2016 (2)	£32,500	29/09/2019 (28/09/2022)
Ground	Retail	55 sq m	(594 sq ft)	CLOTHING 4 LIMITED t/a School Shop (3)	6 years from 9/06/2017 (4)	£12,000	2020 (2023)
Ground	Workshop Studios 1-7	289 sq m	(3,111 sq ft)	INDIVIDUALS	Various Licences	£7,800
First Second	Workshop	289 sq m 155 sq m	(3,111 sq ft) (1,668 sq ft)	VACANT
Ground	Taxi Rank Car Parking			INDIVIDUALS t/a Falcon Taxis (5)	6 years from 25/12/2012	£9,000	Holding Over
	Advertising Hoarding			PRIMESIGHT		£800
Ground	Garage			MARY STEVENS HOSPICE TRADING LIMITED	Informal Licence	£1,000
Total Commercial Area		1,410 sq m	(15,176 sq ft)			£63,100

(1) Operates from 20 shops in the West Midlands. Mary Stevens Hospice has been providing high quality care for people living with cancer and other life-limiting illnesses since 1991 (Source: www.marystevenshospice.co.uk).
(2) Tenant's option to determine in September 2019 not operated.
(3) Operates from 5 shops in West Midlands (Source: www.clothing4schools.com).
(4) Tenant's option to determine in 2020.
(5) www.falconstourbridge.co.uk.