Location Estimated Resident Population: 58,000 Miles: 5 miles south of Dudley 7 miles south-west of Birmingham
Roads: A456, A458, A459, M5, M6
Position The property is located in a prominent position on the pedestrianised Peckingham Street close to its junction with Hagley Street and High Street in the heart of the town centre.
Nearby: Boots the Chemist,WH Smith, Iceland, HSBC, Santander, Lloyds TSB and The Hagley Mall Shopping Centre where retailers such as Asda and Superdrug are represented
Description SHOP/POST OFFICE arranged on the ground and first floors.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Sales/Post Office/Ancillary Ancillary
Total Commercial Area (1) Trading as Premier Express and Post Office.
Tenure Freehold.
Tenant DHEILS LIMITED (1) with guarantee from H DHEIL
Lease Term: 10 years from 1st November 2006 Basis: FRI Rent: £35,000 per annum Review: 2011 (outstanding) Expiry: October 2016
VAT is applicable to this lot – please see Special Conditions of Sale.
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £35,000 pa
Prominent Freehold Retail Investment
Net Internal Areas
278.70 sq m 232.25 sq m
510.95 sq m
(3,000 sq ft) (2,500 sq ft)
(5,500 sq ft)
• Let to Dheils Limited (trading as Premier Express/Post Office) with personal guarantee
• Lease expires October 2016
• Prominent pedestrianised town centre location
• 6Week Completion Available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Fishman Brand Stone. t: 0207 935 4848. e: rgs@fishmanbrandstone.com Ref: R Stone Esq.
15
LOT 7
PECKINGHAM STREET
8
PREMIER EXPRESS CONVENIENCE STORE & POST OFFICE