75 Market Street Crewe Cheshire CW1 2EY

75 Market Street
Crewe
Cheshire
CW1 2EY

Freehold Retail Investment

Entirely let to Coral Racing Limited until 2027
Minimum fixed rental increases in 2016 and 2021
Prominent town centre location in affluent market town
Located on prime pedestrianised retail thoroughfare
Approximately 40 metres from the Market Shopping Centre
Nearby occupiers include Marks & Spencer, Boots the Chemist, Greggs, Toni & Guy and T-Mobile
Six Week Completion Period Available
Rent rising to a minimum of £50,121 in 2016

Lot
17
Auction
7th July 2011
Rent
£44,300 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Coral Racing Limited until 2027
Minimum fixed rental increases in 2016 and 2021
Prominent town centre location in affluent market town
Located on prime pedestrianised retail thoroughfare
Approximately 40 metres from the Market Shopping Centre
Nearby occupiers include Marks & Spencer, Boots the Chemist, Greggs, Toni & Guy and T-Mobile
Six Week Completion Period Available
Rent rising to a minimum of £50,121 in 2016

Lot 17
Auction 7th July 2011
Rent £44,300 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 15 miles north-west of Stoke-on-Trent, 36 miles south of Manchester, 47 miles south-east of Liverpool
Rail: Crewe Rail Station
Roads: A530, A534, A500, M6 (Junction 16)
Air: Manchester International Airport

Situation

The property is prominently situated in Crewe town centre on the western side of Market Street, one of the town's prime pedestrianised thoroughfares. The property benefits from its proximity to the Market Shopping Centre which houses occupiers such as River Island, Dorothy Perkins, Clinton Cards, Clarks and Superdrug. Other nearby occupiers include Marks & Spencer, Boots the Chemist, Greggs, Toni & Guy and T-Mobile.

Tenure

Freehold.

Location

Miles: 15 miles north-west of Stoke-on-Trent, 36 miles south of Manchester, 47 miles south-east of Liverpool
Rail: Crewe Rail Station
Roads: A530, A534, A500, M6 (Junction 16)
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first floor. The property benefits from a yard to the rear.

VAT

VAT is not applicable to this lot.

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 ancillary accommodation on first floor. The property benefits from a yard to the rear.

VAT

VAT is not applicable to this lot.

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/Ancillary Ancillary	119.79 sq m 98.55 sq m	(1,288 sq ft) (1,061 sq ft)	CORAL RACING LIMITED (t/a Coral) (1)	16 years from 03/02/2011 until 02/02/2027 on a full repairing and insuring lease	£44,300	25/03/2016 and 25/03/2021 (2)
Totals		218.34 sq m	(2,349 sq ft)			£44,300

(1) Coral Racing Limited, the third largest bookmakers in the UK, is the principal trading company behind the Gala Coral Group. The Group operates almost 1,634 licensed betting offices, 144 bingo clubs, 27 casinos, 2 greyhound stadia, a UK telephone betting business and an online gambling business employing over 19,000 people across its trading divisions. (Source: www.galacoral.co.uk 07/06/2011).
(2) Under the terms of the lease, the rent will be reviewed to the higher of open market rental value or 2.5% per annum compound. Therefore the minimum fixed rental increases will be £50,121 p.a.x. in 2016 and £56,708 p.a.x. in 2021.