34 / 34a Derby Street
Leek
Staffordshire
ST13 5AB

Freehold Retail and Leisure Investment

  • Predominantly let to Blacks Outdoor Retail Limited t/a Millets (a wholly owned subsidiary of JD Sports Fashion Plc)
  • September 2016 and 2018 break options not exercised (tenant in occupation for at least 15 years)
  • First floor let to snooker club (in occupation for over 12 years)
  • Approximately 4,168 sq ft
  • Nearby occupiers include Superdrug, Boots the Chemist, WHSmith and Aldi
  • Prominent pitch fronting Aldi and town centre car park in the heart of Leek town centre
  • Lot
    28
  • Auction
    24/May/2018
  • Rent
    £37,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 34 / 34a Derby Street<br>Leek<br>Staffordshire<br>ST13 5AB
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Property Information

Location
Miles
10 miles north-east of Stoke-on-Trent, 28 miles north-west of Derby
Roads
A53, A523
Air
East Midlands Airport
Situation

The property occupies a prominent position on the southern side of Derby Street, opposite its junction with Market Street, in the heart of Leek town centre. Nearby occupiers include Superdrug, Boots the Chemist, WHSmith and Aldi. There is a public car park to the rear of the property providing approximately 90 spaces.

Tenure

Freehold.

Description

The property comprises a ground floor shop (with an externally accessed basement not currently used), with a separately accessed snooker hall on the first floor.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(Reversion)
Ground
Basement
Retail/Ancillary
Disused
(external access)
196.68 sq m
-
(2,117 sq ft)
(-)
BLACKS
OUTDOOR RETAIL
LIMITED (1)
t/a Millets
10 years from
25/09/2013
£29,00025/09/2018
(24/09/2023)
FirstSnooker Hall/
Ancillary
190.54 sq m
(2,051 sq ft)
C.J. PLANT & P.
ARMSTRONG
t/a Breaks Snooker
Club
5 years from
05/02/2016
£8,000 rising
to £9,000
from
05/02/2019
(04/02/2021)
Total
387.32 sq m
(4,168 sq ft)
  £37,000 

(1) Blacks Outdoor Retail Limited is a wholly owned subsidiary (and part of The Outdoor Division) of JD Sports Fashion Plc. It currently trades from around 97 Millets and over 70 Blacks stores. For the year ending 28th January 2018, JD Sports Fashions Plc reported a turnover of £2,378,694,000, pre-tax profits of £238,368,000 and a total net worth of £361,348,000 (Source: www.jdplc.com, www.millets.co.uk and Experian Group 18/04/2018).

Property Documents

  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    805 KB
    View PDF
  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
Ockleston Bailey Refuge House, 33-37 Watergate Row South
Chester
CH1 2LE
Hugh Ockleston 01244 403 444hugh@ocklestonbailey.co.uk
Seller's Solicitors
Ingram Winter Green LLP Bedford House, 21a John Street
London
WC1N 2BF
Geraldine Paletz 0207 845 7445geraldinepaletz@iwg.co.uk

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