Let to Kwik-Fit (GB) Limited until 2030 (No breaks)
Approximately 0.13 hectares (0.32 acres) with 13 car parking spaces
Long term residential Redevelopment Potential (subject to consents)
Neighbouring occupiers include Johnsons Cleaners and Bathstore.com
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 63
Auction 30th March 2017
Rent £90,000 per Annum Exclusive
Status Sold
Price £1,320,000
Sector Motor Trade/Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
45 miles north-west of Birmingham, 45 south of Manchester, 37 miles south-east of Chester
Roads
M6, A50, A52, A53
Rail
Stoke-on-Trent Railway Station
Air
Birmingham Airport
Manchester Airport
Situation
The property is prominently located on the south side of busy Brunswick Street (A52) and between North Street and Hanover Street, some 500 metres east of Newcastle-under-Lyme town centre. The A52 is a main arterial route between Stoke-on-Trent and Newcastle-under-Lyme. Nearby occupiers include Johnsons Cleaners and Bathstore.com.
Tenure
Freehold.
Location
Miles
45 miles north-west of Birmingham, 45 south of Manchester, 37 miles south-east of Chester
Roads
M6, A50, A52, A53
Rail
Stoke-on-Trent Railway Station
Air
Birmingham Airport
Manchester Airport
Situation
The property is prominently located on the south side of busy Brunswick Street (A52) and between North Street and Hanover Street, some 500 metres east of Newcastle-under-Lyme town centre. The A52 is a main arterial route between Stoke-on-Trent and Newcastle-under-Lyme. Nearby occupiers include Johnsons Cleaners and Bathstore.com.
Tenure
Freehold.
Description
The property, a single storey motorist centre, comprises integral office and ancillary accommodation and benefits from an eaves height of approximately 5m/17ft, five roller shutter doors and car parking to the front and side of the property for approximately 13 cars. The property also benefits from a site area of approximately 0.13 hectares (0.32 acres).
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a single storey motorist centre, comprises integral office and ancillary accommodation and benefits from an eaves height of approximately 5m/17ft, five roller shutter doors and car parking to the front and side of the property for approximately 13 cars. The property also benefits from a site area of approximately 0.13 hectares (0.32 acres).
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Reviews
Ground
Motorist Centre
730.76 sq m
(7,863 sq ft)
KWIK-FIT (GB) LIMITED (1)
25 years from 15/03/2005 until 2030 on a full repairing and insuring lease
£90,000
15/03/2020 15/03/2025
Totals
730.76 sq m
(7,863 sq ft)
£90,000
(1) Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 Centres (Source: www.kwikfit.com 24/02/2017). For the year ending 31st March 2016, Kwik-Fit (GB) Limited reported a turnover of £467,340,000, pre-tax profits of £21,308,000 and a total net worth of £63,648,000 (Source: Experian 24/02/2017).
