Prominent corner position on pedestrianised retail thoroughfare
Nearby occupiers include Boots, Marks & Spencer, Lloyds TSB and Halifax
Six Week Completion
Lot 34
Auction 5th December 2013
Rent £61,750 per Annum Exclusive
Status Sold Prior
Price
Sector Bank
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
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 Rail Station
Air
Birmingham International Airport
Situation
The property is situated in a prominent corner location on the western side of the pedestrianised Tontine Square at its junction with Market Lane within Hanley town centre and approximately 100 metres from Intu Potteries Shopping Centre. Other nearby occupiers include Boots, Marks & Spencer, Lloyds TSB 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 Rail Station
Air
Birmingham International Airport
Situation
The property is situated in a prominent corner location on the western side of the pedestrianised Tontine Square at its junction with Market Lane within Hanley town centre and approximately 100 metres from Intu Potteries Shopping Centre. Other nearby occupiers include Boots, Marks & Spencer, Lloyds TSB and Halifax.
Tenure
Freehold.
Description
The property comprises a banking hall and ancillary on ground floor and with office accommodation on part first floor. There is additional self-contained office accommodation over part first and second floors.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a banking hall and ancillary on ground floor and with office accommodation on part first floor. There is additional self-contained office accommodation over part first and second floors.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
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
Part First Part First Second
Banking Hall/ Ancillary Office Office Office
85.00 sq m
42.50 sq m 5.70 sq m 54.10 sq m
(915 sq ft)
(457 sq ft) (61 sq ft) (582 sq ft)
SANTANDER UK PLC (1) (2)
15 years 3 months from 18/06/2008 until 28/09/2023 on a full repairing and insuring lease
£61,750
29/09/2013 (3) and 20/09/2018
Totals
187.30 sq m
(2,015 sq ft)
£61,750
1) For the year ending 31st December 2012, Santander UK Plc reported pre-tax profits of £1,231,000,000 and a total net worth of £10,027,000,000. (Source: www.riskdisk.com 31/10/2013) Santander UK plc is one of the UK’s leading personal financial services companies and one of the largest providers of mortgages and savings in the UK. (Source: www.aboutsantander.co.uk 31/10/2013) (2) The September 2013 rent review is outstanding.
