Freehold Supermarket Investment
Freehold Supermarket Investment
Darlaston is a town located 12 miles north-west of Central Birmingham. The property is located in a prominent position on King Street, close to its junction with Darlaston Shopping Centre. The main bus and railway station, Town Hall and Civic Centre are all close by, along with many pubs, restaurants and bars. Other neighbouring retailers include Lloyds Bank, Boots and an Asda Superstore.
Freehold.
Darlaston is a town located 12 miles north-west of Central Birmingham. The property is located in a prominent position on King Street, close to its junction with Darlaston Shopping Centre. The main bus and railway station, Town Hall and Civic Centre are all close by, along with many pubs, restaurants and bars. Other neighbouring retailers include Lloyds Bank, Boots and an Asda Superstore.
Freehold.
The property comprises a double-fronted supermarket arranged on the ground and first floors. The property benefits from some parking and loading to the rear of the property.
VAT is applicable to this lot.
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Six week completion
Band C
The property comprises a double-fronted supermarket arranged on the ground and first floors. The property benefits from some parking and loading to the rear of the property.
VAT is applicable to this lot.
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Six week completion
Band C
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
244.85 sq m 183.93 sq m |
(2,636) (1,979) |
HERON FOODS LIMITED (2) | Approximately 16 years from 01/06/2010,expiring on 15/06/2026 (3) on a full repairing and insuring lease | £20,000 |
01/06/2025 |
| Total | 428.78 sq m |
(4,615) |
£20,000 |
(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Heron Foods Limited currently trade in over 250 stores across the UK. From the year end 31st December 2021 Heron Foods Limited reported a turnover of £434,592,000, pre-tax profits of £11,863,000 and a total net worth of £64,886,000 (www.northrow.com)
(3) The lease is subject to a tenant only option to determine on 09/07/2024
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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