Charity shop let to Age UK on renewed 10-year lease from April 2023 (subject to option)
Includes rear shop let on long lease
Nearby retailers include Iceland Supermarket, Sainsbury's, Poundland, Boots Pharmacy, Greggs and JD Wetherspoon
Tenant in occupation since at least 1996
In the same ownership for 23 years
Lot 20
Auction 13th December 2023
Rent £10,000 per Annum Exclusive
Status Sold
Price £115,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of Trustees of a Charity
Property Information
Location
Miles
8 miles west of Birmingham, 10 miles south-east of Wolverhampton
Roads
A458, A4034, A4123, M5 (Junction 3)
Rail
Rowley Regis Train Station
Air
Birmingham Airport
Situation
The property is prominently situated in the heart of the town centre, on the north side of High Street. Nearby retailers include Iceland Supermarket, Sainsbury's, Poundland, Boots Pharmacy, Greggs and JD Wetherspoon.
Tenure
Freehold.
Location
Miles
8 miles west of Birmingham, 10 miles south-east of Wolverhampton
Roads
A458, A4034, A4123, M5 (Junction 3)
Rail
Rowley Regis Train Station
Air
Birmingham Airport
Situation
The property is prominently situated in the heart of the town centre, on the north side of High Street. Nearby retailers include Iceland Supermarket, Sainsbury's, Poundland, Boots Pharmacy, Greggs and JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a charity shop arranged on the ground and first floors. To the rear of the property, there is a shop arranged on the ground floor only, let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Description
The property comprises a charity shop arranged on the ground and first floors. To the rear of the property, there is a shop arranged on the ground floor only, let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Rent Review
183 High Street
Ground First
Retail/Ancillary Ancillary
46.40 88.20
(499) (949)
AGE UK (2)
10 years from 20/04/2023 (3)
£10,000
20/04/2028
184 & 184a High Street
Ground
Retail/Ancillary
-
(-)
M. HANIF
999 years from 01/01/2002
Peppercorn
-
Total
134.60
(1,448)
£10,000
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Age UK help more than 10m people every year, providing companionship, advice and support for older people who need it most. They currently operate from over 400 stores throughout the UK (www.ageuk.org.uk). (3) The lease is subject to a tenant only option to determine on 19/04/2028.
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.
