67 - 69 High Street Newcastle-under-Lyme Staffordshire ST5 1PN

  • 67 - 69 High Street<br>Newcastle-under-Lyme<br>Staffordshire<br>ST5 1PN

67 - 69 High Street
Newcastle-under-Lyme
Staffordshire
ST5 1PN

Freehold Retail Investment

  • Entirely let to Instant Cash Loans Limited t/a The Money Shop
  • Pedestrianised town centre location opposite McDonald’s and next to Edinburgh Woollen Mill
  • In same ownership for about 20 years
  • Lot
    88
  • Auction
    19th October 2017
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Interested?
  • Expand
  • Photos
  • Map

Freehold Retail Investment

  • Entirely let to Instant Cash Loans Limited t/a The Money Shop
  • Pedestrianised town centre location opposite McDonald’s and next to Edinburgh Woollen Mill
  • In same ownership for about 20 years
  • Lot 88
  • Auction 19th October 2017
  • Rent £30,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
36 miles south of Manchester, 42 miles north of Birmingham
Roads
A34, A50, A53, M6
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation

The property is situated on the northern side of pedestrianised High Street, the town's principal retail thoroughfare. The Roebuck Shopping Centre is located less than 100 metres away, housing retailers including Boots the Chemist, Iceland, Argos and Clarks. Other nearby occupiers include Edinburgh Woollen Mill, Superdrug, WH Smith, McDonald’s and Poundland.

Tenure

Freehold.

Location
Miles
36 miles south of Manchester, 42 miles north of Birmingham
Roads
A34, A50, A53, M6
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation

The property is situated on the northern side of pedestrianised High Street, the town's principal retail thoroughfare. The Roebuck Shopping Centre is located less than 100 metres away, housing retailers including Boots the Chemist, Iceland, Argos and Clarks. Other nearby occupiers include Edinburgh Woollen Mill, Superdrug, WH Smith, McDonald’s and Poundland.

Tenure

Freehold.

Description

The property comprises a ground floor shop, with ancillary accommodation on the first and second floors that is currently voided and not accessible.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop, with ancillary accommodation on the first and second floors that is currently voided and not accessible.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
Ground
First/Second
Retail/Ancillary
Disused
85.10 sq m
(916 sq ft)
(–)
INSTANT CASH
LOANS LIMITED (1)
t/a The Money Shop
10 years from and
including 23/10/2009
on a full repairing and
insuring lease
£30,000
Total
85.10 sq m
(916 sq ft)
    £30,000

(1) The Money Shop trade from several hundred shops throughout the UK providing loans, pawnbroking, gold to cash, travel money, retail jewellery and cheque cashing. For the year ending 30th June 2016, Instant Cash Loans Limited reported a turnover of £112,676,000 (Source: Experian Group 07/09/2017).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Metrus 8 - 10 Hallam Street
London
W1W 6NS
Martin Crossley 020 7079 3976martin.crossley@metrus.co.uk
Seller's Solicitors
K & L Gates LLP One New Change
London
EC4M 9AF
Sarah Lockwood 020 7360 8128sarah.lockwood@klgates.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?