114-116 High Street Tunstall, Stoke-on-Trent Staffordshire ST6 5TJ

  • 114-116 High Street<br>Tunstall, Stoke-on-Trent<br>Staffordshire<br>ST6 5TJ

114-116 High Street
Tunstall, Stoke-on-Trent
Staffordshire
ST6 5TJ

Freehold Retail Investment

  • Entirely let to Poundland Limited
  • Prominent position on High Street
  • 2016 break option NOT exercised
  • Nearby occupiers include Next, Argos, Matalan and Barclays Bank
  • Lot
    38
  • Auction
    7th December 2017
  • Rent
    £32,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £340,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
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Freehold Retail Investment

  • Entirely let to Poundland Limited
  • Prominent position on High Street
  • 2016 break option NOT exercised
  • Nearby occupiers include Next, Argos, Matalan and Barclays Bank
  • Lot 38
  • Auction 7th December 2017
  • Rent £32,500 per Annum Exclusive
  • Status Sold
  • Price £340,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees

Property Information

Location
Miles
3 miles north of Stoke-on-Trent, 36 miles south of Manchester, 48 miles north of Birmingham
Roads
A500, M6 (Junction 16)
Rail
Kidsgrove Rail
Air
Manchester International Airport
Situation

Tunstall is a popular area located north of Stoke-on-Trent. The property occupies a prominent pitch on High Street. To the rear of the property is a large Matalan, Next, Argos and Woodland Street Car Park. Other nearby occupiers on the High Street include Superdrug, Thomson, Barclays Bank and The Post Office.

Tenure

Freehold.

Location
Miles
3 miles north of Stoke-on-Trent, 36 miles south of Manchester, 48 miles north of Birmingham
Roads
A500, M6 (Junction 16)
Rail
Kidsgrove Rail
Air
Manchester International Airport
Situation

Tunstall is a popular area located north of Stoke-on-Trent. The property occupies a prominent pitch on High Street. To the rear of the property is a large Matalan, Next, Argos and Woodland Street Car Park. Other nearby occupiers on the High Street include Superdrug, Thomson, Barclays Bank and The Post Office.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation. The property benefits from servicing off Rathbone Street.

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 retail unit with first floor ancillary accommodation. The property benefits from servicing off Rathbone Street.

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 Reversion
Ground
First
Retail
Ancillary
356.00 sq m
316.61 sq m
(3,832 sq ft)
(3,408 sq ft)
POUNDLAND
LIMITED (1)
10 years from
01/11/2011 on a full
repairing and insuring
lease
£32,500 31/10/2021
Totals
672.61 sq m
(7,240 sq ft)
    £32,500  

(1) For the year ending 27th March 2016, Poundland Limited reported a turnover of £1,214,818,000, pre-tax profits of £34,653,000 and a total net worth of £20,520,000 (Source: Experian Group 09/11/2017). Poundland was established in 1990 and now has 700 stores across the UK (Source: www.poundland.co.uk 09/11/2017).

Contacts

Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Heather Manning 0121 393 0806heather.manning@gowlingwlg.com

Useful Links

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

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