Prominent pedestrianised position off Tontine Square
Close to the entrance of The Potteries Shopping Centre
Nearby occupiers include Marks & Spencer, Halifax, Clinton Cards, Lloyds TSB, Bhs, Boots The Chemist and JD Sports
Approximate site area of 137.47 sq m (1,480 sq ft)
Six Week Completion Available
Lot 16
Auction 7th April 2011
Rent £40,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
50 miles south from Manchester
35 miles north of Birmingham
45 miles west of Nottingham
Roads
M6, A50, A52, A53
Rail
Stoke-on-Trent Rail
Air
Manchester Airport, Birmingham Airport
Situation
The property is situated in the centre of Hanley's pedestrianised retail area situated close to the entrance to The Potteries Shopping Centre which holds 87 units.
Tenure
Freehold.
Location
Miles
50 miles south from Manchester
35 miles north of Birmingham
45 miles west of Nottingham
Roads
M6, A50, A52, A53
Rail
Stoke-on-Trent Rail
Air
Manchester Airport, Birmingham Airport
Situation
The property is situated in the centre of Hanley's pedestrianised retail area situated close to the entrance to The Potteries Shopping Centre which holds 87 units.
Tenure
Freehold.
Description
The property is a period building comprising ground floor retail and ancillary accommodation at the rear and part of the first floor. The remaining part of the first floor and the second floor are currently not used and have been sold on a long leasehold basis. There is also a basement that is currently unused by the tenant. The upper parts are separately accessed from the front of the building.
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 is a period building comprising ground floor retail and ancillary accommodation at the rear and part of the first floor. The remaining part of the first floor and the second floor are currently not used and have been sold on a long leasehold basis. There is also a basement that is currently unused by the tenant. The upper parts are separately accessed from the front of the building.
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
Reviews
Basement Ground (Front) Ground (Rear) First (part)
Not currently used Retail Ancillary Ancillary
Not measured 34.3 sq m 27.7 sq m 28.2 sq m
Not measured (369 sq ft) (298 sq ft) (304 sq ft)
COOKS THE BAKERY LIMITED (t/a Three Cooks) (1)
10 years from 31/10/2010 until 2020 on a full repairing and insuring lease.
£40,000
01/06/2013 and 3 yearly
First (part) and Second
Not currently used
Not Measured
Not Measured
MAYA ESTATES MANAGEMENT LIMITED
125 year lease on completion from 10/03/2011
Peppercorn Rent
Totals
90.2 sq m
(971 sq ft)
£40,000
(1) For the year ending 28th March 2009, Cooks The Bakery Ltd reported a turnover of £13,594,000, pre-tax profits of £31,000 and a total net worth of £368,000. They operate from over 80 stores across the UK. (Sources: www.cooksthebakery.com 11/02/2011 and www.riskdisk.com 08/02/2011)
