47 - 49 Greengate Street Stafford Staffordshire ST16 2JA

47 - 49 Greengate Street
Stafford
Staffordshire
ST16 2JA

Prominent Town Centre Retail Investment

  • 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
    £53,000 per Annum Exclusive
  • 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
Important Update
  • Expand
  • Photos
  • Map

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

Prominent Town Centre Retail Investment

  • 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.

Property Documents

  • Site Plan
    Updated Date
    21.09.16
    File Size
    105 KB
    View PDF
  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    874 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
Hamlins LLP Roxburghe House, 273-287 Regent Street
London
W1B 2AD
Alexy Pemberton 020 7355 6008apemberton@hamlins.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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