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3, Salt Walk, BURTON-ON-TRENT, Staffordshire, DE14 1AJ

12th March 2019
starts 10:00 AM at Grand Connaught Rooms
sold for
£141,000

Tenure: Freehold

Freehold two floor corner office premises
Investment let at £17,000 per annum
Valuable reversion/review July 2019


Location:
The property lies within the Coopers Square Shopping Centre which is located in the heart of Burton-on-Trent main shopping district off Union Street where multiple retailers such as Sainsbury’s Supermarket, Next, H&M and many others may be found. The property also benefits from immediately adjoining the car
park within Coopers Square which provides some 600 spaces and is a highly visible location both to the Coopers Square Shopping Centre, the main car park, Union Street, and the nearby Sainsbury’s Supermarket. The area is well served by public transport links which include local bus routes and a mainline rail connection within the town. Road links to the area include the A38 which leads north east
towards Derby or south west to Lichfield.

Description:
The property comprises this two floor end terrace building within this modern development of retail units with ancillary space above. This property provides ground floor office (class A2) use with further ancillary office and staff accommodation above at first floor level.

Note:
The tenant is a franchisee of Belvoir, the UK largest property franchise on the high street with over 170 offices around the UK which in 2012 was launched on the AIM of the London Stock Exchange.

Accommodation:
Ground floor retail Zone A 37.8sqm (406sq.ft.)
Retail Zone B 13.5sqm (145sq.ft.)
First floor room 32.6sqm (350sq.ft.)
First floor kitchen 13.2sqm (142sq.ft.)
First floor staff WC 1.9sqm (20sq.ft.)
Total internal area 99.3sqm (1,068sq.ft.)

Tenancy:
The property is let to Burton Lettings Limited (trading as Belvoir Lettings) for 6 years expiring 15th July 2019 on full repairing and insuring terms at a fixed rent for the term of £17,000 per annum.

Lease:
Review/reversion July 2019.

Rent reserved:
£17,000 per annum. Valuable reversion/review due July this year.

To view:
Strictly and only by arrangement with the joint auctioneers, Exclusive Property Consultants, Tel: 0208 432 7330.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 4th April 2019 at 11:25 AM
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