39 - 47 Market Street Crewe Cheshire CW1 2EZ

39 - 47 Market Street
Crewe
Cheshire
CW1 2EZ

Significant Town Centre Freehold Retail Opportunity

Approximately 27,417 sq ft - former variety store
Large footprint with prominent frontages to Market Street, Market Square and Queensway
Low Capital Value per sq ft (circa. £7-£9 per sq ft on Guide Price)
Occupied on lease with mutual rolling break option from March 2018
Nearby occupiers include Boots the Chemist, Costa, JD Sports, Greggs, Starbucks and Poundland
Of Interest to developers, investors and owner occupiers with possible Change of Use opportunities (subject to consents)

Lot
18
Auction
28th March 2018
Rent
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Significant Town Centre Freehold Retail Opportunity

Approximately 27,417 sq ft - former variety store
Large footprint with prominent frontages to Market Street, Market Square and Queensway
Low Capital Value per sq ft (circa. £7-£9 per sq ft on Guide Price)
Occupied on lease with mutual rolling break option from March 2018
Nearby occupiers include Boots the Chemist, Costa, JD Sports, Greggs, Starbucks and Poundland
Of Interest to developers, investors and owner occupiers with possible Change of Use opportunities (subject to consents)

Lot 18
Auction 28th March 2018
Rent
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 14 miles north-west of Newcastle-under-Lyme, 36 miles south of Manchester
Roads: A500, A532, A534
Rail: Crewe Railway Station (36 minutes to Manchester Piccadilly)
Air: Manchester International Airport

Situation

The property is situated in a prominent corner position, with frontages on the pedestrianised Queensway, Market Square and Market Street, in the heart of Crewe town centre. Nearby occupiers include Boots the Chemist, Costa, JD Sports, Greggs, Starbucks and Poundland. Market Shopping Centre is located about 150 metres away, with retailers including Iceland, B&M Bargains, Wilko, Poundworld and Superdrug.

Tenure

Freehold.

Location

Miles: 14 miles north-west of Newcastle-under-Lyme, 36 miles south of Manchester
Roads: A500, A532, A534
Rail: Crewe Railway Station (36 minutes to Manchester Piccadilly)
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a large well configured shop with retail accommodation on the ground floor and ancillary accommodation on the first floor and plant on the second floor.

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 comprises a large well configured shop with retail accommodation on the ground floor and ancillary accommodation on the first floor and plant on the second floor.

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	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Retail/Ancillary Retail/Ancillary Plant	1,269.52 sq m 1,257.54 sq m 20.07 sq m	(13,665 sq ft) (13,536 sq ft) (216 sq ft)	LYDONFORD LIMITED (1) t/a Sport Store	2 years from 19/10/2017 until 18/10/2019 (2)	Peppercorn
Total		2,547.13 sq m	(27,417 sq ft)

(1) Sport Store were established over 25 years ago and operate from a number of stores in the Midlands. For the year ending 31st March 2017, Lydonford Limited reported a turnover of £16,422,312, pre-tax profits of £-366,979 and a total net worth of £7,046,594 (Sources: www.skiandsport.co.uk and Experian Group 26/02/2018).
(2) Sport Store currently occupy the ground floor only by way of a lease paying rates, but no rent. The lease provides a rolling landlord and tenant option to determine at any time after 31st March 2018 subject to eight weeks’ notice. A £6,000 deposit is held (inclusive of VAT). The lease is held outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act and the tenant is to keep the property clean and tidy and in good repair and condition subject to a photographic schedule of condition.