Let to RAL Limited (a part of The Novomatic Group)
Lease expires in June 2024
Rent Review in June 2019
Nearby occupiers include Sports Direct, Accessorize, Caffè Nero and The Edinburgh Woollen Mill
Close to Guildhall Shopping Centre with retailers including Poundland, Card Factory and Clarks
Attractive and historic Staffordshire county town
Lot 53
Auction 7th December 2017
Rent £30,780 per Annum Exclusive
Status Sold
Price £275,000
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
A34, M6 (Junction 14)
Rail
Stafford Railway Station
Air
Birmingham International Airport
Situation
The property is situated on the western side of the pedestrianised Gaolgate Street, north of Market Square, in the heart of Stafford town centre. The Guildhall Shopping Centre is located about 150m from the property with retailers including O2, Card Factory, Poundland, Body Shop and Clarks. Other nearby occupiers include the adjacent Sports Direct, along with The Edinburgh Woollen Mill, Argos, Iceland, Greggs, Costa, Caffè Nero and Boots the Chemist.
Tenure
Freehold.
Location
Miles
16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads
A34, M6 (Junction 14)
Rail
Stafford Railway Station
Air
Birmingham International Airport
Situation
The property is situated on the western side of the pedestrianised Gaolgate Street, north of Market Square, in the heart of Stafford town centre. The Guildhall Shopping Centre is located about 150m from the property with retailers including O2, Card Factory, Poundland, Body Shop and Clarks. Other nearby occupiers include the adjacent Sports Direct, along with The Edinburgh Woollen Mill, Argos, Iceland, Greggs, Costa, Caffè Nero and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation including customer toilets to the rear. The first and second floors provide ancillary accommodation and are not presently used.
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 shop with ancillary accommodation including customer toilets to the rear. The first and second floors provide ancillary accommodation and are not presently used.
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
Review
Ground First Second
Retail Ancillary Ancillary
82.96 sq m 24.99 sq m 21.00 sq m
(893 sq ft) (269 sq ft) (226 sq ft)
RAL LIMITED (1) t/a Silvers Amusements
Approximately 15 years from 09/06/2009 to and including 23/06/2024 on a full repairing and insuring lease (2)
£30,780
24/06/2019
Totals
128.95 sq m
(1,388 sq ft)
£30,780
(1) For the year ending 31st December 2016, RAL Limited reported a turnover of £40,126,217, pre-tax profits of £1,891,568 and a total net worth of £29,596,184 (Source: Experian Group 03/11/2017). RAL Limited is part of Talarius Limited who are a part of The Novomatic Group. The Novomatic Group is one of the largest gaming technology companies in the world, employing over 28,000 people worldwide and reporting a turnover of 2,300,000,000 Euros for 2016 (Sources: Experian Group and www.novomatic.com 03/11/2017). (2) The lease is full repairing and insuring save that the interior of the upper floors are subject to a Schedule of Condition and should be maintained by the tenant in a wind, watertight and safe condition. The first and second floors are not presently used by the tenant.
