Lot 12 Click here for addendum
6 Week Completion
Situation
Located in this established retail parade, fronting the town's main Coopers Square Car Park which provides parking for Coopers Square, Burton Place and The Octagon Shopping Centres and amongst such multiples as Next, H&M, Sainsbury's, Poundstretcher and a host of local traders.
Burton-on-Trent benefits from easy access to the M6 Toll, via the A38, and is located approximately 25 miles north-east of Birmingham and 13 miles south-west of Derby.
Property
Forming part of a modern terraced parade comprising a Ground Floor Shop with internal access to Ancillary Accommodation at first floor level. In addition, the property benefits from rear access via a service road.
Accommodation
Ground Floor Shop
Gross Frontage 27'1"
Internal Width 26'1"
Shop & Built Depth 31'0"
First Floor Ancillary
Area Approx. 620 sq ft
Kitchenette, WC
VAT is applicable to this Lot
Freehold
Tenancy
The entire property is let on a full repairing and insuring lease to Games Workshop Limited (having over 500 branches) (T/O for Y/E 3/6/18 £183.8m, Pre-Tax Profit £74.8m and Shareholders' Funds £63.5m) for a term of 10 years from 1st December 2013 at a current rent of £15,000 per annum exclusive.
Rent Review December 2018 (Not yet actioned)
Note: The tenant did not operate their December 2018 Break Clause.