Freehold Town Centre Retail Investment. Prominent corner location. Let to British Heart Foundation. Rebased rent in ,000, subject to contract

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Reynard Todd
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Freehold Town Centre Retail Investment Prominent corner location Let to British Heart Foundation Rebased rent in 2015 500,000, subject to contract 8.6% net initial yield www.singerviellesales.

The town benefits from good communications being served by a number of major roads. Junction 2 of the M5 Motorway which links with the M6 and M42 Motorways is approximately 6.

2 Freehold Town Centre Retail Investment Prominent corner location Let to British Heart Foundation Rebased rent in ,000, subject to contract 8.6% net initial yield Dudley is a West Midlands borough located within the Black Country conurbation approximately 16 km (10 miles) west of Birmingham and 9.5 km (6 miles) south of Wolverhampton. The town benefits from good communications being served by a number of major roads. Junction 2 of the M5 Motorway which links with the M6 and M42 Motorways is approximately 6.5 km (4 miles) to the west. Dudley Bus Station is situated immediately behind the subject property on Fisher Street providing many connections to the surrounding town, cities and communities including Birmingham, Halesowen, Smethwick, Stourbridge, Walsall, West Bromwich and Wolverhampton. In addition, there are coach services run by National Express serving London and Wolverhampton as well as Blackpool, London Heathrow and London Gatwick. Dudley Castle and Dudley Zoo is located on Castle Hill to one end of Dudley town centre. Dating back to the time of Oliver Cromwell in the 11th Century the castle today is significant visitor attraction with Dudley Zoo situated in its grounds

The subject property is situated within the heart of Dudley town centre and occupies a prominent corner position fronting Castle Street and Fisher

The property provides the following Net Internal floor areas; Dudley Bus and Coach Station is immediately behind the property therefore there is a

. The property comprises a two storey building arranged on ground and first floor operating as the British Heart Foundation Dudley Furniture &

3 The subject property is situated within the heart of Dudley town centre and occupies a prominent corner position fronting Castle Street and Fisher Street close to the pedestrianised Market Place and High Street. The property provides the following Net Internal floor areas; Dudley Bus and Coach Station is immediately behind the property therefore there is a high level of footfall past the property. Nearby occupiers include Peacocks, 99p Stores, Boots, Farmfoods, River Island, and Bonmarche.. The property comprises a two storey building arranged on ground and first floor operating as the British Heart Foundation Dudley Furniture & Electrical Store offering a range of good quality new and pre-owned items from suites, sofas, chairs, dining sets, rugs, beds and wardrobes. In addition, various electrical items including televisions, music systems, washing machines, fridges and dishwashers.

4 The property has been measured by BKR Floor Plans and provides the following Net Internal floor areas: A set of floor plans is available to download and the measured survey report is available for assignment to a purchaser.

Freehold The tenant, British Heart Foundation (Co. No.

term of 15 years from 17th March 2005 expiring on 16th March 2020.

from 17th March 2015 in accordance with a Deed of Variation. The current passing rent equates to 91.

The British Heart Foundation is a leading charity in the United Kingdom, founded in 1961.

improved methods of prevention, diagnosis and treatment; to provide vital information to help people

and circulatory disease; to help attain the highest possible standards of care and support for heart

5 Freehold The tenant, British Heart Foundation (Co. No ) has reported the following figures; The property is let to British Heart Foundation for a term of 15 years from 17th March 2005 expiring on 16th March The annual rent under the lease was 50,000 per annum which was re-based to 45,000 per annum effective from 17th March 2015 in accordance with a Deed of Variation. The current passing rent equates to per sq m / 8.48 per sq ft overall. The British Heart Foundation is a leading charity in the United Kingdom, founded in The principal aims of the charity are to pioneer research into the causes of heart disease and improved methods of prevention, diagnosis and treatment; to provide vital information to help people reduce their own hearth health risk; to press for Government policies which minimise the risk of heart and circulatory disease; to help attain the highest possible standards of care and support for heart patients and to reduce the inequalities in levels of heart diseases in the UK. The charity retail arm operates from approximately 730 shops of which approximately 160 are electrical and furniture shops within the United Kingdom. For further information please see

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6 SUBJECT TO CONTRACT & EXCLUSIVE OF VAT Misrepresentation Act 1967 Singer Vielle for themselves and for the Vendors or Lessors of this property whose Agents they are give notice that: 1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Singer Vielle has any authority to make or give any representation or warranty whatever in relation to this property. 4. All maps are for identification purposes only and should not be relied upon for accuracy. 5. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject. Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Property Misdescriptions Act 1991 These details are believed to be correct at the time of compilation, but may be subject to subsequent amendment. Concerning the Properties listed and/or appearing on the Site: 1. Under no circumstances shall we be liable to you for any direct, indirect, consequential, incidental or special damages arising out of your purchase or lease of any Properties on the Site. 2. Under no circumstances shall we be liable for any errors or incompleteness of the information relating to any Property listed on this Site or if any Property has been withdrawn from sale or lease nor shall we be responsible for any inaccurate dimensions of any Properties or price listed. 3. Our website service permits you to enquire about and to purchase or lease Properties appearing on or listed on this Site. Such enquiries, purchase or leasing can only be made and permitted strictly subject to the terms and conditions set out below. 4. We do not accept responsibility or liability for the completeness or accuracy of information appearing on this Site which is provided by the Vendors or Lessors of the Property concerned who are solely responsible for such information. 5. Whilst we believe that the Properties listed are available for purchase or lease we make no guarantee that this is the case or that they have not been withdrawn by the Vendor or Lessor of the same. All Properties appearing or listed on the Site are subject to changes, errors or omissions. We have not verified the accuracy of the information relating to the Properties or any dimensions which have been given by the Vendors or Lessors. 6. All Properties are listed subject to contract and the prices shown are exclusive of VAT if applicable.

Highly Secure Prime Retail Opportunity

233-241 High Street West Bromwich B70 7NN 3,750,000 subject to contract Page 1 Highly Secure Prime Retail Opportunity SUMMARY Highly Secure Investment Let to New Look, with AGA from Associated British