Freehold Retail Investment
Freehold Retail Investment
Acocks Green is a busy and popular urban suburb located approximately 4 miles south-east of Birmingham city centre. The property is situated in a prominent location on Warwick Road (A41), Acock Green's main retailing area. The property is located on Warwick Road, close to its junction with Station Road. A Morrisons supermarket and large car park is located close by, with other nearby occupiers including NatWest, Lloyds Pharmacy, KFC, Boots, Halifax and Superdrug.
Freehold.
Acocks Green is a busy and popular urban suburb located approximately 4 miles south-east of Birmingham city centre. The property is situated in a prominent location on Warwick Road (A41), Acock Green's main retailing area. The property is located on Warwick Road, close to its junction with Station Road. A Morrisons supermarket and large car park is located close by, with other nearby occupiers including NatWest, Lloyds Pharmacy, KFC, Boots, Halifax and Superdrug.
Freehold.
The property comprises a ground floor shop with ancillary accommodation above and rear service access.
VAT is not applicable to this lot.
See legal pack at acuitus.co.uk
The property comprises a ground floor shop with ancillary accommodation above and rear service access.
VAT is not applicable to this lot.
See legal pack at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
491.7 sq m 228.5 sq m |
(5,293 sq ft) (2,460 sq ft) |
ICELAND FOODS LIMITED (1) |
20 years from 29/10/2005 on a full repairing and insuring lease (2) |
£78,800 | 29/10/2020 |
| Total |
720.20 sq m |
(7,753 sq ft) |
£78,800 | ||||
(1) For the year ended 29th March 2019, Iceland Foods Limited reported a turnover of £3,022,800,000 pre-tax profits of £31,200,000 and a net worth of £792,900,000 (Source: Experian 13/01/2020).
(2) Please note the term of the lease is 15 years from 29/10/2005, together with a reversionary lease granted to extend the lease by a further 5 years expiring 08/10/2025.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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