Majority let to Nationwide Building Society until 2024 (subject to option)
Opposite Bridestone Shopping Centre
Nearby occupiers include Boots, Timpson, Thomas Cook & Vision Express
Town Centre Location
Lot 59
Auction 23rd October 2014
Rent £39,300 per Annum Exclusive
Status Sold
Price £430,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Trustees
Property Information
Location
Miles
25 miles south of Manchester
13 miles north of Stoke-on-Trent
Roads
M6, A54, A534, A34
Rail
Congleton Rail Station
Air
Manchester Airport
Situation
The property is prominently situated on the prime pedestrianized Bridge Street opposite the Bridestone Shopping Centre with occupiers including Argos, Morrisons and Specsavers. Other neighbouring occupiers include Boots, Timpson, Thomas Cook and Vision Express.
Tenure
Freehold.
Location
Miles
25 miles south of Manchester
13 miles north of Stoke-on-Trent
Roads
M6, A54, A534, A34
Rail
Congleton Rail Station
Air
Manchester Airport
Situation
The property is prominently situated on the prime pedestrianized Bridge Street opposite the Bridestone Shopping Centre with occupiers including Argos, Morrisons and Specsavers. Other neighbouring occupiers include Boots, Timpson, Thomas Cook and Vision Express.
Tenure
Freehold.
Description
The property comprises two ground floor retail units and ancillary accommodation on the first floor.
Note
Cheshire Building Society are now part of Nationwide Building Society and over the weekend of 3rd-5th October will integrate into the Nationwide Building Society. (Source: http://www.thecheshire.co.uk)
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units and ancillary accommodation on the first floor.
Note
Cheshire Building Society are now part of Nationwide Building Society and over the weekend of 3rd-5th October will integrate into the Nationwide Building Society. (Source: http://www.thecheshire.co.uk)
VAT
VAT is applicable to this lot.
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/(Reversion)
Ground First
Retail Ancillary
119.6 sq m 47.9 sq m
(1,287 sq ft) (575 sq ft)
NATIONWIDE BUILDING SOCIETY (1)
10 years from 01/02/2014 until 31/01/2024
£28,800
01/02/2019
Ground
Retail
40.13 sq m
(432 sq ft)
INDIVIDUAL (t/a Ballooning Marvellous) (2)
5 years from 02/06/2014
£10,500
(31/05/2019)
Totals
207.63 sq m
(2,294 sq ft)
£39,300
(1) For the year ending 4th April 2014, Nationwide Building Society reported pre-tax profits of £677,000,000 and a total net worth of £7,950,000,000. (Source: www.riskdisk.com 10/09/2014) (2)The lease provides for a tenant option to determine the lease on 01/02/2019 subject to 6 months’ written notice. (3)The lease provides for a mutual option to determine the lease on the 02/06/2017 subject to 6 months’ written notice.