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Status Withdrawn Post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.
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).
