6 - 8 Market Square Hanley Stoke-on-Trent Staffordshire ST1 1NU

  • 6 - 8 Market Square<br>Hanley<br>Stoke-on-Trent<br>Staffordshire<br>ST1 1NU

6 - 8 Market Square
Hanley
Stoke-on-Trent
Staffordshire
ST1 1NU

Freehold Retail Investment

  • Prominent town centre location
  • New 5 year lease
  • Let to TUI UK Retail Limited
  • Rebased rent & tenant in occupation for over 10 years
  • Occupiers nearby include Primark, Costa, Boots, Greggs and Marks & Spencer
  • Lot
    37
  • Auction
    5th December 2018
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
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Freehold Retail Investment

  • Prominent town centre location
  • New 5 year lease
  • Let to TUI UK Retail Limited
  • Rebased rent & tenant in occupation for over 10 years
  • Occupiers nearby include Primark, Costa, Boots, Greggs and Marks & Spencer
  • Lot 37
  • Auction 5th December 2018
  • Rent £50,000 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager

Property Information

Location
Miles
4 miles east of Newcastle-under-Lyme, 35 miles south of Manchester, 43 miles north of Birmingham
Roads
A50, A52, A53, A500, M6
Rail
Stoke-on-Trent Rail
Air
Birmingham International Airport
Situation

Hanley is 1 mile north of Stoke-on-Trent, 3 miles east of Newcastle-under-Lyme and 35 miles south of Manchester. The property is located in a prominent position in Hanley town centre on the pedestrianised Market Square, at its junction with Parliament Row and Lamb Street. The property is situated opposite Primark and Costa and in close proximity to the Intu Potteries Shopping Centre. There are a number of public car parks close by. Other nearby occupiers include Boots, Greggs, Halifax Bank, Co-operative Bank and Marks & Spencer.

Tenure

Freehold.

Location
Miles
4 miles east of Newcastle-under-Lyme, 35 miles south of Manchester, 43 miles north of Birmingham
Roads
A50, A52, A53, A500, M6
Rail
Stoke-on-Trent Rail
Air
Birmingham International Airport
Situation

Hanley is 1 mile north of Stoke-on-Trent, 3 miles east of Newcastle-under-Lyme and 35 miles south of Manchester. The property is located in a prominent position in Hanley town centre on the pedestrianised Market Square, at its junction with Parliament Row and Lamb Street. The property is situated opposite Primark and Costa and in close proximity to the Intu Potteries Shopping Centre. There are a number of public car parks close by. Other nearby occupiers include Boots, Greggs, Halifax Bank, Co-operative Bank and Marks & Spencer.

Tenure

Freehold.

Description

The property comprises a ground floor shop with first, second and third floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Description

The property comprises a ground floor shop with first, second and third floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor Use
Floor Areas (Approx)
 Tenant Term Rent p.a.x Reversion
Ground
First
Second
Third		 Retail
Ancillary
Ancillary
Ancillary
133 sq m
130 sq m
82 sq m
22 sq m
(1,432 sq ft)
(1,400 sq ft)
(882 sq ft)
(236 sq ft)
 TUI UK RETAIL
LIMITED
t/a Thomson (2)		 5 years from
09/11/2018 on a full
repairing and
insuring lease		 £50,000 (1) 2023
Total
367 sq m
(3,950 sq ft)
     £50,000 (1)  

(1) The tenant has a 6 month rent free period. The Seller will adjust the completion monies so that the unit effectively produces £50,000 per annum from completion of the sale.
(2) For the year ended 30th September 2017, TUI UK Retail Limited reported a turnover of £201,000,000, pre-tax profits of £1,000,000 and a net worth of £191,000,000 (Source : Experian 07.11.2018). The UK’s leading travel brand with over 600+ travel agencies (Source: www.tui.co.uk).

Contacts

Seller's Solicitors
Cameron McKenna Nabarro Olswang LLP 1 South Quay Victoria Quays
Sheffield
S2 5SY
Kate Johnson 0114 279 4058Kate.Johnson@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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