Property Auctions 23/May/2019 | 31 - 49 Parliament Row and 55 Old Hall Street / 30 Goodson Street, Hanley, Stoke-on-Trent, ST1 3AU

Substantial Freehold City Centre Development Opportunity

Unbroken parade comprising 7 shops and 2 pubs on Parliament Row with adjacent large shop on Old Hall Street
Approximately 2,825.31 sq m (30,410 sq ft) with circa 150 feet frontage on Parliament Row
Majority offered vacant with redevelopment and change of use opportunities (subject to planning and consents)
Lapsed planning consent from 2015 for 34,000 sq ft of A1/A2/A3/A4/A5 & D2 Use
Located opposite recently demolished Hanley Shopping Centre (East/West Precinct), owned by the council and earmarked for major regeneration and redevelopment to include a possible new indoor arena, restaurants, hotels and conference centre as part of a new urban quarter

Lot 33
Auction 23rd May 2019
Rent £50,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 18 miles north of Stafford
Roads: A52, A53, A500, M6 (J16)
Rail: Stoke-on-Trent
Air: Manchester Airport

Situation

Hanley forms the main retail destination for Stoke-on-Trent. The property is situated on the east side of the pedestrianised Parliament Row, Hanley's prime retailing thoroughfare, at its junction with Old Hall Street and forming a major part of Hanley's main shopping area. The rear of the property backs on to Goodson Street, with a 450 space multi-storey car park opposite. The property is located immediately opposite the former Hanley Shopping Centre (East/West Precinct) which has recently been demolished and is earmarked for redevelopment into a new urban quarter to include a possible new indoor arena, restaurants, hotel and conference centre. Current nearby occupiers include McDonald's, Boots the Chemist, Holland & Barrett, B&M, Iceland, Greggs and various banks, with a number of other nearby shops being recently converted to residential.

Tenure

Freehold.

Location

Miles: 18 miles north of Stafford
Roads: A52, A53, A500, M6 (J16)
Rail: Stoke-on-Trent
Air: Manchester Airport

Situation

Hanley forms the main retail destination for Stoke-on-Trent. The property is situated on the east side of the pedestrianised Parliament Row, Hanley's prime retailing thoroughfare, at its junction with Old Hall Street and forming a major part of Hanley's main shopping area. The rear of the property backs on to Goodson Street, with a 450 space multi-storey car park opposite. The property is located immediately opposite the former Hanley Shopping Centre (East/West Precinct) which has recently been demolished and is earmarked for redevelopment into a new urban quarter to include a possible new indoor arena, restaurants, hotel and conference centre. Current nearby occupiers include McDonald's, Boots the Chemist, Holland & Barrett, B&M, Iceland, Greggs and various banks, with a number of other nearby shops being recently converted to residential.

Tenure

Freehold.

Description

The property comprises a parade of 7 shops and 2 pubs arranged over ground, first and second floors located on Parliament Row and one large shop located on Old Hall Street. The rear of 55 Old Hall Street also benefits from frontage onto Goodson Street.

VAT

VAT is applicable to this lot.

EPC

The EPCs will be available to view in the legal pack at acuitus.co.uk

Description

The property comprises a parade of 7 shops and 2 pubs arranged over ground, first and second floors located on Parliament Row and one large shop located on Old Hall Street. The rear of 55 Old Hall Street also benefits from frontage onto Goodson Street.

VAT

VAT is applicable to this lot.

EPC

The EPCs will be available to view in the legal pack at acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x
31 Parliament Row	Ground First Second	Retail/Ancillary Ancillary Ancillary	73.25 sq m 39.15 sq m 39.15 sq m	(788 sq ft) (421 sq ft) (421 sq ft)	VACANT	-	-
33 Parliament Row	Ground First Second	Retail/Ancillary Ancillary Ancillary	67.36 sq m 38.97 sq m 37.69 sq m	(725 sq ft) (419 sq ft) (406 sq ft)
35 Parliament Row	Ground First Second	Retail/Ancillary Ancillary Ancillary	94.34 sq m 88.95 sq m 39.92 sq m	(1,015 sq ft) (957 sq ft) (430 sq ft)
37 Parliament Row	Ground First	Retail/Ancillary Ancillary	94.09 sq m 44.57 sq m	(1,013 sq ft) (480 sq ft)
39 Parliament Row	Ground	Retail/Ancillary	88.10 sq m	(948 sq ft)
41 Parliament Row	Ground	Retail	44.71 sq m	(481 sq ft)
41a Parliament Row	First Second	Ancillary Ancillary	107.00 sq m 112.50 sq m	(1,152 sq ft) (1,211 sq ft)
43/45 Parliament Row	Ground First Second	Retail/Ancillary Ancillary Ancillary	94.93 sq m 71.74 sq m 51.75 sq m	(1,022 sq ft) (772 sq ft) (557 sq ft)
47 Parliament Row	Ground	Retail	21.80 sq m	(235 sq ft)
49 Parliament Row	Ground First Second	Retail Ancillary Ancillary	48.63 sq m 55.64 sq m 34.07 sq m	(523 sq ft) (599 sq ft) (367 sq ft)
55 Old Hall Street	Ground First	Retail/Ancillary Ancillary	802.00 sq m 635.00 sq m	(8,633 sq ft) (6,835 sq ft)	MICHAEL ABAKHAN LIMITED (1)	1 year from 31/07/2018 until 30/07/2019 (2)	£50,000
Total			2,825.31 sq m	(30,410 sq ft)			£50,000

(1) Abakhan has now been trading for almost 60 years, with ten stores across the North West (North Wales, Manchester, Liverpool, Birkenhead, Bolton, Chester, Hanley, Preston, Altrincham and Shrewsbury) (Source: www.abakhan.co.uk).
(2) The lease is subject to a mutual option to determine at any time, subject to four months' prior written notice, and is drawn outside the provisions of the Landlord & Tenant Act 1954.

Property Documents

Site Plan
Updated Date
01.05.19
File Size
3 MB
View PDF
Catalogue Page
Updated Date
01.05.19
File Size
1 MB
View PDF

Common Auction conditions
Updated Date
10.06.21
File Size
168 KB
View PDF
Memorandum of Sale
Updated Date
27.03.17
File Size
27 KB
View PDF

Contacts

Acuitus

David Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk

Associate Auctioneers

Louis Taylor Commercial 5 King Street
Newcastle-under-Lyme
Staffordshire
ST5 1EN

Craig Leese 01762 260 222craig.leese@louis-taylor.co.uk

Seller's Solicitors

Forsters LLP 31 Hill Street
London
W1J 5LS

Andrew McEwan 0207 863 8407andrew.mcewan@forsters.co.uk Holly Badi 0207 399 4784holly.badi@forsters.co.uk

Useful Links

Acuitus Finance

Stuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

Property Insurance

Natasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

31 - 49 Parliament Row and 55 Old Hall Street / 30 Goodson Street Hanley Stoke-on-Trent ST1 3AU

31 - 49 Parliament Row and 55 Old Hall Street / 30 Goodson Street
Hanley
Stoke-on-Trent
ST1 3AU