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
    04/Apr/2019
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £350,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 92 High Street<br>Newcastle-under-Lyme<br>Staffordshire<br>ST5 1QQ
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent 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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.03.19
    File Size
    22 MB
    Login to View
  • Site Plan
    Updated Date
    13.03.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.03.19
    File Size
    1 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher 020 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Jury O'Shea LLP Hanging Sword House, 21 Whitefriars Street
London
EC4Y 8JJ
James O'Shea 0203 176 4255james.oshea@juryoshea.com

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