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Lot 12 Sold: £183,000

Unit B Salt Walk, Union Court, Union Street, Burton-on-Trent, Staffordshire DE14 1AA

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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.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.