Adjacent to the major new 280,000 sq ft St Martin’s Quarter Retail Centre
Six Week Completion Period Available
Lot 52
Auction 18th October 2012
Rent £25,800 per Annum Exclusive
Status Withdrawn Post
Price
Sector Supermarket/Convenience
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
25 miles south of Birmingham, 50 miles north of Bristol, 20 miles north-east of Hereford
Roads
A38, A44 (London Road), M5 (J6 & 7)
Rail
Worcester Foregate Street, Worcester Shrub Hill
Air
Birmingham International, Bristol International
Situation
Worcester is a popular and attractive South-West City that benefits from strong Rail and road links with a direct train to London Paddington (2hrs & 22mins) and access to the M5. The property is situated on the south side of Lowesmoor adjacent to the major new 280,000 sq ft St Martin’s Quarter Retail Development.
Tenure
Freehold.
Location
Miles
25 miles south of Birmingham, 50 miles north of Bristol, 20 miles north-east of Hereford
Roads
A38, A44 (London Road), M5 (J6 & 7)
Rail
Worcester Foregate Street, Worcester Shrub Hill
Air
Birmingham International, Bristol International
Situation
Worcester is a popular and attractive South-West City that benefits from strong Rail and road links with a direct train to London Paddington (2hrs & 22mins) and access to the M5. The property is situated on the south side of Lowesmoor adjacent to the major new 280,000 sq ft St Martin’s Quarter Retail Development.
Tenure
Freehold.
Description
The property is a four storey building, comprising of a single retail unit on the ground floor with the upper three floors accommodating nine self-contained residential flats.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a four storey building, comprising of a single retail unit on the ground floor with the upper three floors accommodating nine self-contained residential flats.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Retail
319.90 sq m
(3,443 sq ft)
ONE STOP STORESLIMITED (1)
25 years from 22/08/2003 until 21/08/2028
£24,000 (3)
2013 & 5 yearly
First Second Third
9 Residential Flats
Not Measured
INDIVIDUALS (2)
9 leases each for a term of 99 years from 01/10/2002
£1,800
Totals
319.90 sq m
(3,443 sq ft)
£25,800 (3)
(1) One Stop Stores Limited are wholly owned by Tesco Plc. For the year ending 26th February 2011 One Stop Stores Ltd reported a turnover of £551,128,000, pre-tax profits of £21,197,000 and a net worth of £64,826,000. (Source: www.riskdisk.com) (2)In accordance with Section 5B of the Landlord and Tenant Act 1987 notices were served on the Residential Lessees.
