92 High Street Newcastle-under-Lyme Staffordshire ST5 1QQ

92 High Street
Newcastle-under-Lyme
Staffordshire
ST5 1QQ

Substantial Freehold Retail Investment

Entirely let to Douglas Macmillan Hospice
Highly prominent, substantial shop – approximately 676.20 sq m (7,279 sq ft)
Prominent corner location (with rear servicing) on pedestrianised High Street
Nearby occupiers include McDonald’s, WHSmith, Superdrug, and Poundland
First time on the market for nearly 20 years

Lot
3
Auction
4th April 2019
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£418,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Substantial Freehold Retail Investment

Entirely let to Douglas Macmillan Hospice
Highly prominent, substantial shop – approximately 676.20 sq m (7,279 sq ft)
Prominent corner location (with rear servicing) on pedestrianised High Street
Nearby occupiers include McDonald’s, WHSmith, Superdrug, and Poundland
First time on the market for nearly 20 years

Lot 3
Auction 4th April 2019
Rent £50,000 per Annum Exclusive
Status Sold
Price £418,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles west of Stoke-on-Trent; 44 miles north of Birmingham city centre
Roads: A34, A53, M6 (J15)
Rail: Stoke-on-Trent Train Station
Air: Manchester Airport

Situation

The property is situated on the western side of the pedestrianised High Street, the town’s primary retailing thoroughfare, in a prominent corner position at its junction with Friars Street. The Roebuck Shopping Centre is located less than 100 metres away, housing retailers including Boots the Chemist, Iceland and Clarks. Other nearby occupiers include McDonald’s, WHSmith, Clintons, Superdrug, and Poundland, with the town’s market also being held on High Street.

Tenure

Freehold.

Location

Miles: 3 miles west of Stoke-on-Trent; 44 miles north of Birmingham city centre
Roads: A34, A53, M6 (J15)
Rail: Stoke-on-Trent Train Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a three storey building with a substantial ground floor shop and basement and first floor ancillary accommodation. The property benefits from servicing to the rear.

VAT

VAT is applicable to this lot.

EPC

Band D

Description

The property comprises a three storey building with a substantial ground floor shop and basement and first floor ancillary accommodation. The property benefits from servicing to the rear.

VAT

VAT is applicable to this lot.

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground Basement First	Retail/Ancillary Ancillary Ancillary	302.70 sq m 256.10 sq m 117.40 sq m	(3,258 sq ft) (2,757 sq ft) (1,264 sq ft)	DOUGLAS MACMILLAN HOSPICE (1)	10 years from and including 12/03/2012 until 11/03/2022 on a full repairing and insuring lease (2)	£50,000
Total		676.20 sq m	(7,279 sq ft)			£50,000

(1) The first Douglas Macmillan shop was opened in December 1994 and they now operate from 20 shops spread across North Staffordshire.
(2) The lease is subject to a schedule of condition in respect of the internal part of the first floor.