Let to Trespass Europe Limited with a guarantee from Jacobs & Turner Limited
Adjacent to Edinburgh Woollen Mill and opposite Sports Direct
Pedestrianised town centre location
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 45
Auction 8th December 2016
Rent
Status Sold
Price £390,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A449, M6
Rail
Stafford
Air
Birmingham International
Situation
The property is located in a prime retailing location on the pedestrianised Gaolgate Street in the heart of Stafford town centre, close to its junctions with Stafford Street and Salter Street. The Guildhall Shopping Centre is located nearby and houses retailers including Clarks, Claire’s Accessories, The Body Shop and Poundland. Other nearby occupiers include The Edinburgh Woollen Mill, Dorothy Perkins, Accessorize and H Samuel.
Tenure
Freehold.
Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A449, M6
Rail
Stafford
Air
Birmingham International
Situation
The property is located in a prime retailing location on the pedestrianised Gaolgate Street in the heart of Stafford town centre, close to its junctions with Stafford Street and Salter Street. The Guildhall Shopping Centre is located nearby and houses retailers including Clarks, Claire’s Accessories, The Body Shop and Poundland. Other nearby occupiers include The Edinburgh Woollen Mill, Dorothy Perkins, Accessorize and H Samuel.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground, first and second floors.
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 a shop arranged on the ground, first and second floors.
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.
Reversion
Ground First Second
Retail/Ancillary Office/Retail Ancillary/Storage
278.51 sq m 120.30 sq m 20.99 sq m
(2,998 sq ft) (1,295 sq ft) (226 sq ft)
TRESPASS EUROPE LIMITED (1) with a guarantee from Jacobs & Turner Limited (2)
5 years from 14/11/2016
£50,000
13/11/2021
Totals
419.82 sq m
(4,519 sq ft)
£50,000
(1) Trespass Europe Limited is one of the UK’s most successful outdoor clothing retailers with a network of over 150 stores. (Source: www.trespass.com 11/11/2016) (2) For the year ending 28th June 2015, Jacobs & Turner Limited reported a turnover of £87,924,128, pre-tax profits of £2,318,401 and a total net worth of £44,935,063. (Source: Experian Group 11/11/2016) (3) The lease is subject to a rolling tenant’s break option from and including 14th November 2017, subject to three months’ written notice.