20-21 Market Place Dudley West Midlands DY1 1PJ

20-21 Market Place
Dudley
West Midlands
DY1 1PJ

Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited
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

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Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited
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

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.