16 Upper Market Square Hanley Stoke-on-Trent Staffordshire ST1 1NS

16 Upper Market Square
Hanley
Stoke-on-Trent
Staffordshire
ST1 1NS

Freehold Retail Investment

Majority let to Cooks The Bakery Limited
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Withdrawn Post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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Majority let to Cooks The Bakery Limited
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Status Withdrawn Post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

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)