3&7 Parliament Row Hanley Stoke-on-Trent Staffordshire ST1 1PW

3&7 Parliament Row
Hanley
Stoke-on-Trent
Staffordshire
ST1 1PW

Prime Freehold Retail Investment

Tenants trading as Warren James Jewellers and JD Sports Fashion plc
Prominent pedestrianised town centre location
Close proximity to Intu Potteries Shopping Centre
Nearby occupiers include Marks and Spencer, Boots the Chemist, Santander, Holland and Barrett and Halifax

Lot
24
Auction
5th December 2013
Rent
£265,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers

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Prime Freehold Retail Investment

Tenants trading as Warren James Jewellers and JD Sports Fashion plc
Prominent pedestrianised town centre location
Close proximity to Intu Potteries Shopping Centre
Nearby occupiers include Marks and Spencer, Boots the Chemist, Santander, Holland and Barrett and Halifax

Lot 24
Auction 5th December 2013
Rent £265,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers

Property Information

Location

Miles: 4 miles east of Newcastle Under Lyme; 35 miles south of Manchester; 43 miles north of Birmingham
Roads: A50, A52, A53, A500, M6
Rail: Stoke On Trent Railway Station
Air: Birmingham International Airport

Situation

The property is located in a prominent position in Hanley town centre on the eastern side of the pedestrianised Parliament Row, at its junction with Upper Market Street and Tontine Square. The property is situated in close proximity to Intu Potteries Shopping Centre. Neighbouring occupiers include Marks and Spencer, Boots the Chemist, Santander, Holland and Barrett and Halifax.

Tenure

Freehold.

Location

Miles: 4 miles east of Newcastle Under Lyme; 35 miles south of Manchester; 43 miles north of Birmingham
Roads: A50, A52, A53, A500, M6
Rail: Stoke On Trent Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property includes two adjoining retail units forming part of a larger parade.
Unit 3 comprises ground floor retail and ancillary accommodation. Unit 5-7 comprises retail accommodation on the ground and first floors with ancillary accommodation on the second floor. The property benefits from rear access via Goodson Street.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversions
Unit 3	Ground	Retail	67.5 sq m	(726 sq ft)	WARREN JAMES (JEWELLERS) LIMITED (1)	15 years from 18/09/2001	£75,000	18/09/2016
Unit 5 -7	Ground First Second	Retail Retail Ancillary	274.6 sq m 321.3 sq m 160.3 sq m	(2,956 sq ft) (3,458 sq ft) (1,725 sq ft)	JD SPORTS FASHION PLC (2)	15 years from 24/06/2001	£190,000	24/06/2016
Totals			823.70 sq m	(8,866 sq ft)			£265,000

(1) For the year ending 31/03/2012, Warren James (Jewellers) Limited reported a turnover of £59,039,848, pre-tax profits of £15,887,174 and a total net worth of £87,071,311. (Source: www.riskdisk.com 07/11/2013).
(2) For the year ending 02/02/2013, JD Sports Fashion Plc reported a turnover of £1,258,892,000, per-tax profits of £55,117,000 and a total net worth of £141,799,000. (Source: www.riskdisk.com 07/11/2013).