47 - 49 Greengate Street Stafford Staffordshire ST16 2JA

47 - 49 Greengate Street
Stafford
Staffordshire
ST16 2JA

Prominent Town Centre Retail Investment

2 Shops let to tenants including Savers Health and Beauty Limited
New lease to Savers Health and Beauty Limited from July 2016
Close to The Guildhall Shopping Centre and Market Square
Nearby tenants include Boots the Chemist, Waterstones, WHSmith, Starbucks and McDonald’s
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
5
Auction
13th October 2016
Rent
£53,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of a Major Fund Manager

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Prominent Town Centre Retail Investment

2 Shops let to tenants including Savers Health and Beauty Limited
New lease to Savers Health and Beauty Limited from July 2016
Close to The Guildhall Shopping Centre and Market Square
Nearby tenants include Boots the Chemist, Waterstones, WHSmith, Starbucks and McDonald’s
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 5
Auction 13th October 2016
Rent £53,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A449, M6
Rail: Stafford Railway Station
Air: Birmingham International Airport

Situation

The property is situated in an excellent trading location on the long western side of the pedestrianised Greengate Street in Stafford town centre. The Guildhall Shopping Centre is a short walk from the property housing occupiers including Poundland, Card Factory, JD Sports and The Body Shop. Other nearby occupiers include Boots the Chemist, Pizza Express, Starbucks, McDonald's, Greggs, Waterstones and WH Smith.

Tenure

Long Leasehold. Held for a term of 99 years from 29th September 1980 from The Council of the Borough of Stafford at a fixed rent of £0.05 pence per annum.

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A449, M6
Rail: Stafford Railway Station
Air: Birmingham International Airport

Situation

Tenure

Long Leasehold. Held for a term of 99 years from 29th September 1980 from The Council of the Borough of Stafford at a fixed rent of £0.05 pence per annum.

Description

The property comprises two shops arranged on the ground, lower ground and first floors, forming part of a larger building. The property is Grade II* listed.

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 shops arranged on the ground, lower ground and first floors, forming part of a larger building. The property is Grade II* listed.

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	Review/(Reversion)
47	Ground First	Retail/Ancillary Ancillary	152.40 sq m 46.10 sq m	(1,640 sq ft) (496 sq ft)	SAVERS HEALTH AND BEAUTY LIMITED (1)	5 years from 13/07/2016 (2)	£33,000	13/07/2018 (12/07/2021)
49	Ground Lower Ground First	Retail/Ancillary Ancillary Ancillary	70.10 sq m 47.70 sq m 17.50 sq m	(755 sq ft) (513 sq ft) (188 sq ft)	MICRO IT SOLUTIONS LIMITED GUARANTEED BY FAST TREND UK LIMITED	10 years from 15/12/2015 (3)	£20,000	15/12/2020 (14/12/2025)
Totals			333.80 sq m	(3,592 sq ft)			£53,000

(1) Savers Health and Beauty specialise in branded health, home and beauty products and operate from over 300 stores throughout England, Wales, Scotland and Northern Ireland with over 3,000 employees. For the year ending 26th December 2015, Savers Health and Beauty Limited reported a turnover of £362,314,000, pre-tax profits of £29,106,000 and a total net worth of £-75,027,000 (Sources: www.savers.co.uk and Experian Group 13/09/2016).
(2) The lease provides for a tenant option to determine on 13/07/2018.
(3) The lease provides for a tenant option to determine on 15/12/2020.