Nearby retailers including Boots the Chemist, Greggs, Prezzo, JD Wetherspoon, Home Bargains and Poundland.
Lot 40
Auction 15th December 2022
Rent £22,500 per Annum Exclusive
Status Sold
Price £260,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
16 miles north-west of Shrewsbury, 57 miles north-west of Birmingham City Centre
Roads
A5, A495
Air
Birmingham Airport
Situation
The historic and attractive market town of Oswestry is the third largest town in Shropshire and is located in close proximity to the Welsh and English border. The property is situated in the town centre on the eastern side of Church Street with nearby retailers including Boots the Chemist, Greggs, Prezzo, JD Wetherspoon, Home Bargains and Poundland.
Tenure
Freehold.
Location
Miles
16 miles north-west of Shrewsbury, 57 miles north-west of Birmingham City Centre
Roads
A5, A495
Air
Birmingham Airport
Situation
The historic and attractive market town of Oswestry is the third largest town in Shropshire and is located in close proximity to the Welsh and English border. The property is situated in the town centre on the eastern side of Church Street with nearby retailers including Boots the Chemist, Greggs, Prezzo, JD Wetherspoon, Home Bargains and Poundland.
Tenure
Freehold.
Description
The property comprises a health food shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Note
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.
Completion Period
6 week completion.
EPC
See legal pack.
Description
The property comprises a health food shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Note
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.
Completion Period
6 week completion.
EPC
See legal pack.
Tenancy & Accommodation
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 Ancillary
215.50 226.80
(2,320) (2,441)
J G FOODS LIMITED (2) (t/a Grape Tree)
10 years from 27/08/2021 (3)
£22,500
27/08/2026
Total
442.30
(4,761)
£22,500
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) Grape Tree currently trade from about 125 branches in the UK. For the year ending 31st December 2021, J G Foods Ltd reported a turnover of £34,162,537, a pre-tax profit of £1,407,421 and Shareholder Funds of £4,709,759 (Source: Companies House 27/10/2022; www.grapetree.co.uk) (3) The lease provides for a tenant option to determine on 27/08/2026
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.
-128x72.jpg)
.jpg){kind=link}