Prominent town centre location on pedestrianised Market Place
Nearby occupiers include Costa Coffee, Holland & Barrett, Iceland, Specsavers, Warren James, Greggs, J D Wetherspoon, Domino's, Wilko, Poundland and Boots the Chemist
High yielding on Guide Price
In the same ownership for nearly 25 years
Lot 21
Auction 26th March 2020
Rent £40,000 per Annum Exclusive
Status Sold
Price
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Prominent town centre location on pedestrianised Market Place
Nearby occupiers include Costa Coffee, Holland & Barrett, Iceland, Specsavers, Warren James, Greggs, J D Wetherspoon, Domino's, Wilko, Poundland and Boots the Chemist
High yielding on Guide Price
In the same ownership for nearly 25 years
Lot 21
Auction 26th March 2020
Rent £40,000 per Annum Exclusive
Status Sold
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Property Information
Location
Miles
11 miles west of Birmingham
Roads
A459, A4037, M5
Rail
Tipton
Air
Birmingham Airport
Situation
Dudley is an important commercial centre in the West Midlands, approximately 11 miles north-west of central Birmingham. The property is located on the south side of the pedestrianised Market Place, opposite Dudley Open Air Market, in a prominent position adjacent to Churchill Shopping Centre, which includes retailers such as Costa Coffee, Holland & Barrett, Iceland, Specsavers, Warren James and Greggs. Other nearby retailers on Market Place and the adjoining High Street include J D Wetherspoon, Domino's, Wilko, Poundland and Boots the Chemist.
Tenure
Freehold.
Location
Miles
11 miles west of Birmingham
Roads
A459, A4037, M5
Rail
Tipton
Air
Birmingham Airport
Situation
Dudley is an important commercial centre in the West Midlands, approximately 11 miles north-west of central Birmingham. The property is located on the south side of the pedestrianised Market Place, opposite Dudley Open Air Market, in a prominent position adjacent to Churchill Shopping Centre, which includes retailers such as Costa Coffee, Holland & Barrett, Iceland, Specsavers, Warren James and Greggs. Other nearby retailers on Market Place and the adjoining High Street include J D Wetherspoon, Domino's, Wilko, Poundland and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a three storey building arranged as a ground floor shop/betting office with ancillary accommodation on first and second floors.
VAT
VAT is applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a three storey building arranged as a ground floor shop/betting office with ancillary accommodation on first and second floors.
VAT
VAT is 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.
Ground First Second
Retail Ancillary Ancillary
105.90 sq m 95.70 sq m 30.90 sq m
(1,140 sq ft) (1,030 sq ft) (333 sq ft)
DONE BROTHERS (CASH BETTING) LIMITED (1)
15 years from 12/11/2007 on a full repairing and insuring lease
£40,000
Total
232.50 sq m
(2,503 sq ft)
40,000
(1) Betfred is one of the biggest and most well-known gambling brands on the high street, with over 1,600 shops (source: www.betfred.com 24/02/2020).
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.
