Nearby occupiers include Next, Argos, Matalan and Barclays Bank
Lot 38
Auction 7th December 2017
Rent £32,500 per Annum Exclusive
Status Sold
Price £340,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
3 miles north of Stoke-on-Trent, 36 miles south of Manchester, 48 miles north of Birmingham
Roads
A500, M6 (Junction 16)
Rail
Kidsgrove Rail
Air
Manchester International Airport
Situation
Tunstall is a popular area located north of Stoke-on-Trent. The property occupies a prominent pitch on High Street. To the rear of the property is a large Matalan, Next, Argos and Woodland Street Car Park. Other nearby occupiers on the High Street include Superdrug, Thomson, Barclays Bank and The Post Office.
Tenure
Freehold.
Location
Miles
3 miles north of Stoke-on-Trent, 36 miles south of Manchester, 48 miles north of Birmingham
Roads
A500, M6 (Junction 16)
Rail
Kidsgrove Rail
Air
Manchester International Airport
Situation
Tunstall is a popular area located north of Stoke-on-Trent. The property occupies a prominent pitch on High Street. To the rear of the property is a large Matalan, Next, Argos and Woodland Street Car Park. Other nearby occupiers on the High Street include Superdrug, Thomson, Barclays Bank and The Post Office.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. The property benefits from servicing off Rathbone Street.
VAT
VAT is 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 comprises a ground floor retail unit with first floor ancillary accommodation. The property benefits from servicing off Rathbone Street.
VAT
VAT is 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
Reversion
Ground First
Retail Ancillary
356.00 sq m 316.61 sq m
(3,832 sq ft) (3,408 sq ft)
POUNDLAND LIMITED (1)
10 years from 01/11/2011 on a full repairing and insuring lease
£32,500
31/10/2021
Totals
672.61 sq m
(7,240 sq ft)
£32,500
(1) For the year ending 27th March 2016, Poundland Limited reported a turnover of £1,214,818,000, pre-tax profits of £34,653,000 and a total net worth of £20,520,000 (Source: Experian Group 09/11/2017). Poundland was established in 1990 and now has 700 stores across the UK (Source: www.poundland.co.uk 09/11/2017).
