Lot 28 details
6 Week completion
Located within this local shopping centre, adjacent to Betfred and nearby Iceland, Reeds Rains and The Yew Tree Retail Park as well as a host of local retailers all serving the surrounding residential area. Birmingham Airport lies just 2 miles distant.
Yadley is situated approx. 3 ½ miles east of Birmingham City Centre and 13 miles west of Coventry benefitting from good road links via the M42 (Junction 6) and M6 (Junction 4).
A mid terraced building comprising a Ground Floor Shop with a Rear Yard plus Parking for 1 Vehicle together with separate rear access to a Self-Contained Flat on the first and second floors.
Ground Floor Shop
Gross Frontage 17'10"
Internal Width 15'9"
Shop Depth 39'5"
Built Depth 45'9"
Sales Area Approx. 620 sq ft plus WC
First & Second Floor Flat
Not inspected - Believed to be 2 Bedrooms, Living Room, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Scrivens Limited as Opticians (having over 175 branches) (T/O for Y/E 30/10/16 £36.3m, Pre-Tax Profit £3.09m and Shareholders' Funds £3.01m) for a term of 20 years from 25th March 1999 at a current rent of £14,500 per annum exclusive.
Note: The Tenant did not operate their 2014 Break Clause.