65 High Street
Newcastle-under-Lyme
Staffordshire
ST5 1PN

Freehold Retail Investment

  • Let to The Edinburgh Woollen Mill Limited
  • 25 year lease expiring September 2024 (no breaks)
  • Pedestrianised town centre location opposite McDonald’s and near to Greggs
  • Roebuck Shopping Centre located nearby with retailers including Boots the Chemist and Iceland
  • Lot
    43
  • Auction
    14/Feb/2019
  • Rent
    £80,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £600,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 65 High Street<br>Newcastle-under-Lyme<br>Staffordshire<br>ST5 1PN
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* More information on the term "price" can be found here

Property Information

Location
Miles
36 miles south of Manchester, 42 miles north of Birmingham
Roads
A34, A50, A53, M6
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation

The property is situated on the northern side of the pedestrianised High Street, the town’s principal retail thoroughfare and close to Castle Walk shopping thoroughfare together with the town’s principal bus station. The Roebuck Shopping Centre is located less than 100 metres away, housing retailers including Boots the Chemist, Iceland and Clarks. Other nearby occupiers include Greggs, Superdrug, Ryman, WH Smith and McDonald’s, with the town’s market also being held on High Street.

Tenure

Freehold.

Description

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

VAT

VAT is applicable to this lot.

EPC

Band D. Please see the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
261.30 sq m
121.10 sq m
141.20 sq m
(2,813 sq ft)
(1,304 sq ft)
(1,520 sq ft)
THE EDINBURGH
WOOLLEN MILL
LIMITED (1)
25 years from
24/09/1999 until
23/09/2024 on a
full repairing and
insuring lease
£80,00024/09/2019
Total
523.60 sq m
(5,637 sq ft)
  £80,000 

(1) For the year ending 25th February 2017, The Edinburgh Woollen Mill Limited reported a turnover of £592,120,000, pre-tax profits of £83,836,000 and a total net worth of £305,824,000 (Source: Experian Group 10/01/2019). 400 retail stores nationwide (Source: www.ewm.co.uk).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    24.01.19
    File Size
    22 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Walker Morris 12 King Street
Leeds
LS1 2HL
John Kelsall 0113 283 2500john.kelsall@walkermorris.co.uk

Useful Links

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