2 Shops let to tenants including Savers Health and Beauty Limited
New lease to Savers Health and Beauty Limited from July 2016
Close to The Guildhall Shopping Centre and Market Square
Nearby tenants include Boots the Chemist, Waterstones, WHSmith, Starbucks and McDonald’s
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 5
Auction 13th October 2016
Rent
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A449, M6
Rail
Stafford Railway Station
Air
Birmingham International Airport
Situation
The property is situated in an excellent trading location on the long western side of the pedestrianised Greengate Street in Stafford town centre. The Guildhall Shopping Centre is a short walk from the property housing occupiers including Poundland, Card Factory, JD Sports and The Body Shop. Other nearby occupiers include Boots the Chemist, Pizza Express, Starbucks, McDonald's, Greggs, Waterstones and WH Smith.
Tenure
Long Leasehold. Held for a term of 99 years from 29th September 1980 from The Council of the Borough of Stafford at a fixed rent of £0.05 pence per annum.
Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A449, M6
Rail
Stafford Railway Station
Air
Birmingham International Airport
Situation
The property is situated in an excellent trading location on the long western side of the pedestrianised Greengate Street in Stafford town centre. The Guildhall Shopping Centre is a short walk from the property housing occupiers including Poundland, Card Factory, JD Sports and The Body Shop. Other nearby occupiers include Boots the Chemist, Pizza Express, Starbucks, McDonald's, Greggs, Waterstones and WH Smith.
Tenure
Long Leasehold. Held for a term of 99 years from 29th September 1980 from The Council of the Borough of Stafford at a fixed rent of £0.05 pence per annum.
Description
The property comprises two shops arranged on the ground, lower ground and first floors, forming part of a larger building. The property is Grade II* listed.
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 comprises two shops arranged on the ground, lower ground and first floors, forming part of a larger building. The property is Grade II* listed.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
47
Ground First
Retail/Ancillary Ancillary
152.40 sq m 46.10 sq m
(1,640 sq ft) (496 sq ft)
SAVERS HEALTH AND BEAUTY LIMITED (1)
5 years from 13/07/2016 (2)
£33,000
13/07/2018 (12/07/2021)
49
Ground Lower Ground First
Retail/Ancillary Ancillary Ancillary
70.10 sq m 47.70 sq m 17.50 sq m
(755 sq ft) (513 sq ft) (188 sq ft)
MICRO IT SOLUTIONS LIMITED GUARANTEED BY FAST TREND UK LIMITED
10 years from 15/12/2015 (3)
£20,000
15/12/2020 (14/12/2025)
Totals
333.80 sq m
(3,592 sq ft)
£53,000
(1) Savers Health and Beauty specialise in branded health, home and beauty products and operate from over 300 stores throughout England, Wales, Scotland and Northern Ireland with over 3,000 employees. For the year ending 26th December 2015, Savers Health and Beauty Limited reported a turnover of £362,314,000, pre-tax profits of £29,106,000 and a total net worth of £-75,027,000 (Sources: www.savers.co.uk and Experian Group 13/09/2016). (2) The lease provides for a tenant option to determine on 13/07/2018. (3) The lease provides for a tenant option to determine on 15/12/2020.