18 - 20 Bridge Street Congleton Cheshire CW12 1AS

18 - 20 Bridge Street
Congleton
Cheshire
CW12 1AS

Freehold Bank/Retail Investment

  • Majority let to Nationwide Building Society until 2024 (subject to option)
  • Opposite Bridestone Shopping Centre
  • Nearby occupiers include Boots, Timpson, Thomas Cook & Vision Express
  • Town Centre Location
  • Lot
    59
  • Auction
    23rd October 2014
  • Rent
    £39,300 per Annum Exclusive
  • Status
    Sold
  • Price
    £430,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Trustees
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Bank/Retail Investment

  • Majority let to Nationwide Building Society until 2024 (subject to option)
  • Opposite Bridestone Shopping Centre
  • Nearby occupiers include Boots, Timpson, Thomas Cook & Vision Express
  • Town Centre Location
  • Lot 59
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £430,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Trustees

Property Information

Location
Miles
25 miles south of Manchester
13 miles north of Stoke-on-Trent
Roads
M6, A54, A534, A34
Rail
Congleton Rail Station
Air
Manchester Airport
Situation

The property is prominently situated on the prime pedestrianized Bridge Street opposite the Bridestone Shopping Centre with occupiers including Argos, Morrisons and Specsavers. Other neighbouring occupiers include Boots, Timpson, Thomas Cook and Vision Express.

Tenure

Freehold.

Location
Miles
25 miles south of Manchester
13 miles north of Stoke-on-Trent
Roads
M6, A54, A534, A34
Rail
Congleton Rail Station
Air
Manchester Airport
Situation

The property is prominently situated on the prime pedestrianized Bridge Street opposite the Bridestone Shopping Centre with occupiers including Argos, Morrisons and Specsavers. Other neighbouring occupiers include Boots, Timpson, Thomas Cook and Vision Express.

Tenure

Freehold.

Description

The property comprises two ground floor retail units and ancillary accommodation on the first floor.

Note
Cheshire Building Society are now part of Nationwide Building Society and over the weekend of 3rd-5th October will integrate into the Nationwide Building Society. (Source: http://www.thecheshire.co.uk)

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 ground floor retail units and ancillary accommodation on the first floor.

Note
Cheshire Building Society are now part of Nationwide Building Society and over the weekend of 3rd-5th October will integrate into the Nationwide Building Society. (Source: http://www.thecheshire.co.uk)

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/(Reversion)
Ground
First
Retail
Ancillary
119.6 sq m
47.9 sq m
(1,287 sq ft)
(575 sq ft)
NATIONWIDE BUILDING SOCIETY (1) 10 years from 01/02/2014 until 31/01/2024 £28,800 01/02/2019
Ground Retail
40.13 sq m
(432 sq ft)
INDIVIDUAL (t/a Ballooning Marvellous) (2) 5 years from 02/06/2014 £10,500 (31/05/2019)
Totals  
207.63 sq m
(2,294 sq ft)
    £39,300  

(1) For the year ending 4th April 2014, Nationwide Building Society reported pre-tax profits of £677,000,000 and a total net worth of £7,950,000,000. (Source: www.riskdisk.com 10/09/2014)
(2)The lease provides for a tenant option to determine the lease on 01/02/2019 subject to 6 months’ written notice.
(3)The lease provides for a mutual option to determine the lease on the 02/06/2017 subject to 6 months’ written notice.

Property Documents

  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    913 KB
    View PDF
  • Site Plan
    Updated Date
    01.10.14
    File Size
    94 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Gordon Dadds Solicitors 6 Agar Street
London
WC2N 4HN
Richard Kelsey 20 7493 6151richardkelsey@gordondadds.com

Useful Links

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

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