66 High Street Biddulph Staffordshire ST8 6AS

66 High Street
Biddulph
Staffordshire
ST8 6AS

Freehold Retail Investment

On behalf of The co-operative Entirely let until 2035 (subject to option)
Low initial rent
First review (14th April 2015) to Open Market and annual RPI uplifts thereafter (capped between 2%-4%) ?

Lot
29
Auction
27th May 2010
Rent
£35,000 per Annum
Status
Sold
Price
£500,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

On behalf of The co-operative Entirely let until 2035 (subject to option)
Low initial rent
First review (14th April 2015) to Open Market and annual RPI uplifts thereafter (capped between 2%-4%) ?

Lot 29
Auction 27th May 2010
Rent £35,000 per Annum
Status Sold
Price £500,000
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: ?4 miles south of Congleton; 7 miles north of Stoke; 35 miles south of Manchester
Roads: A527, A50, A34, M6
Rail: Congleton Rail, Kidsgrove Rail
Air: Manchester International Airport, Birmingham International Airport

Situation

The property is situated in the centre of Biddulph adjacent to a pay-and-display car park.

Tenure

Freehold.

Location

Miles: ?4 miles south of Congleton; 7 miles north of Stoke; 35 miles south of Manchester
Roads: A527, A50, A34, M6
Rail: Congleton Rail, Kidsgrove Rail
Air: Manchester International Airport, Birmingham International Airport

Situation

The property is situated in the centre of Biddulph adjacent to a pay-and-display car park.

Tenure

Freehold.

Description

The property comprises GROUND FLOOR RETAIL ACCOMMODATION with ANCILLARY ACCOMMODATION on the first floor. The property incorporates a Post Office on the ground floor. There is a LARGE SERVICE AREA to the rear. VATVAT is applicable on this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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 First	Retail Storage Storage	853.4 sq m 202.1 sq m 141.6 sq m	(9,186 sq ft) (2,175 sq ft) (1,524 sq ft)	RUSTON RETAIL LTD (t/a NISA AT HALDANES)	25 years from 14/04/2010 until 2035 on a full repairing and insuring lease (1)	£35,000 (2)	2015 and annually thereafter (2)
Totals		1,197.1 sq m	(12,885 sq ft)

(1) The lease provides for a tenant's option to determine the lease on the fifth anniversary of the term on giving at least six months' written notice. (2) On the first review date (14th April 2015) the rent will be reviewed to Open Market Rent. All subsequent annual reviews will be to RPI (capped between 2%-4%).