44 - 48 Clayton Street Newcastle-upon-Tyne Tyne & Wear NE1 5PF

44 - 48 Clayton Street
Newcastle-upon-Tyne
Tyne & Wear
NE1 5PF

Freehold Retail Investment

  • Entirely let to Caversham Trading Limited
  • Tenant option to determine in March 2016 not excercised
  • Prominent retail position on busy Clayton Street
  • Close to both Intu Eldon Square Shopping Centre and The Gate Leisure Centre
  • Nearby occupiers include Debenhams, New Look, Monsoon and British Heart Foundation
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    13
  • Auction
    11th February 2016
  • Rent
    £63,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £915,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to Caversham Trading Limited
  • Tenant option to determine in March 2016 not excercised
  • Prominent retail position on busy Clayton Street
  • Close to both Intu Eldon Square Shopping Centre and The Gate Leisure Centre
  • Nearby occupiers include Debenhams, New Look, Monsoon and British Heart Foundation
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 13
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £915,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
14 miles north-west of Sunderland, 18 miles north of Durham
Roads
A1, A19, A1(M), A167(M)
Rail
Newcastle Railway Station
Air
Newcastle International Airport
Situation

The property is situated on the western side of Clayton Street, in Newcastle City Centre. The property is within a short walk of both Intu Eldon Square Shopping Centre, which houses retailers including Debenhams, Next, Topshop and Poundland, and The Gate Leisure Centre. Surrounding occupiers include Bargain Buys, Heron Foods, Poundstretcher as well as a number of independent retailers.

Tenure

Freehold.

Location
Miles
14 miles north-west of Sunderland, 18 miles north of Durham
Roads
A1, A19, A1(M), A167(M)
Rail
Newcastle Railway Station
Air
Newcastle International Airport
Situation

The property is situated on the western side of Clayton Street, in Newcastle City Centre. The property is within a short walk of both Intu Eldon Square Shopping Centre, which houses retailers including Debenhams, Next, Topshop and Poundland, and The Gate Leisure Centre. Surrounding occupiers include Bargain Buys, Heron Foods, Poundstretcher as well as a number of independent retailers.

Tenure

Freehold.

Description

The property, a Grade II listed building, comprises a ground floor retail unit with ancillary accommodation on basement, first, second and third floors. The property benefits from a rear loading bay.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a Grade II listed building, comprises a ground floor retail unit with ancillary accommodation on basement, first, second and third floors. The property benefits from a rear loading bay.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Basement
First
Second
Third
Retail/Loading Bay
Office/Ancillary
Ancillary
Ancillary
Ancillary
276.30 sq m
221.40 sq m
267.30 sq m
247.00 sq m
265.40 sq m
(2,974 sq ft)
(2,383 sq ft)
(2,877 sq ft)
(2,659 sq ft)
(2,857 sq ft)
CAVERSHAM
TRADING
LIMITED (1)
(t/a Brighthouse)
10 years from 25/03/2011
until 24/03/2021
£63,000 25/03/2016
Totals  
1,277.40 sq m
(13,750 sq ft)
    £63,000

(1) For the year ending 31st March 2015, Caversham Trading Limited reported a turnover of £67,479,000 pre-tax profits of £2,759,000 and a total net worth of £56,365,000. (Source: Experian Group 13/04/2016)

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    651 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    101 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Cameron Baloyi Rigby 0113 283 2500cameron.baloyirigby@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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