Entirely let to the British Broadcasting Corporation until 2026
Rent review in 2021
Includes 4 parking spaces
Nearby occupiers include Wilko, BrightHouse, Savers Health & Beauty, Ryman and B&M
Lot 6
Auction 23rd May 2019
Rent £83,800 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Office
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
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
The property is prominently situated on the west side of Cheapside in a corner position at the junction with Pall Mall, close to the pedestrianised town centre. Nearby occupiers include Wilko, BrightHouse, Savers Health & Beauty, Ryman and B&M.
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
The property is prominently situated on the west side of Cheapside in a corner position at the junction with Pall Mall, close to the pedestrianised town centre. Nearby occupiers include Wilko, BrightHouse, Savers Health & Beauty, Ryman and B&M.
Tenure
Freehold.
Description
The property comprises basement, ground and first floor office accommodation which is currently used as a radio station. The property benefits from a passenger lift and parking for 4 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises basement, ground and first floor office accommodation which is currently used as a radio station. The property benefits from a passenger lift and parking for 4 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First
Retail Ancillary
335.46 sq m 343.26 sq m 329.51 sq m
(3,611 sq ft) (3,695 sq ft) (3,547 sq ft)
BRITISH BROADCASTING CORPORATION (1)
25 years from 25/03/2001 on a full repairing and insuring lease
£83,800
25/03/2021 (24/03/2026)
Totals
1,008.23 sq m
(10,853 sq ft)
£83,800
(1) For the year ending 2017/2018, the BBC reported an income of £5.06 billion and net assets of £1.19bn (Source: www.bbc.co.uk 29.04.2019).
