Pedestrianised position between entrances to both Victoria Centre and Market Centre Shopping Centres and close to the town's main car park
Nearby occupiers include Asda, Superdrug, Iceland, Holland & Barrett, Poundland, JD Sports and H Samuel
High yielding on Guide Price
Lot 48
Auction 24th October 2019
Rent £55,500 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
15 miles north-west of Stoke-on-Trent
24 miles south-east of Chester
Roads
A530, A534, M6
Rail
Crewe
Air
Manchester Airport
Situation
Crewe is an important commercial centre and historic town in the affluent South Cheshire region. The town benefits from good road networks to the north and south being 5 miles west of junctions 16 and 17 of the M6 motorway. The town is also a proposed hub station on phase 2 of the HS2 rail line. The property is situated on the north side of the pedestrianised Victoria Street, Crewe's main retailing centre, at its junction with Queensway. The property is a few metres to both Victoria Square Shopping Centre and Market Centre, with retailers including Asda, Superdrug and Iceland. Other retailers in the area include Holland & Barrett, Poundland, JD Sports and H Samuel.
Tenure
Freehold.
Location
Miles
15 miles north-west of Stoke-on-Trent
24 miles south-east of Chester
Roads
A530, A534, M6
Rail
Crewe
Air
Manchester Airport
Situation
Crewe is an important commercial centre and historic town in the affluent South Cheshire region. The town benefits from good road networks to the north and south being 5 miles west of junctions 16 and 17 of the M6 motorway. The town is also a proposed hub station on phase 2 of the HS2 rail line. The property is situated on the north side of the pedestrianised Victoria Street, Crewe's main retailing centre, at its junction with Queensway. The property is a few metres to both Victoria Square Shopping Centre and Market Centre, with retailers including Asda, Superdrug and Iceland. Other retailers in the area include Holland & Barrett, Poundland, JD Sports and H Samuel.
Tenure
Freehold.
Description
The property is arranged on the ground and two upper floors to provide a ground floor shop with further sales accommodation on the first floor together with some ancillary accommodation.
VAT
VAT is applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk
Description
The property is arranged on the ground and two upper floors to provide a ground floor shop with further sales accommodation on the first floor together with some ancillary accommodation.
VAT
VAT is applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First Second
Retail Retail/Ancillary No access
146.40 sq m 109.30 sq m -
(1,576 sq ft) (1,177 sq ft) (-)
WATERSTONES BOOKSELLERS LIMITED (1)
25 years from 28/09/1996 until 27/09/2021 on a full repairing and insuring lease
£55,500
Total
255.70 sq m
(2,753 sq ft)
£55,500
(1) For the year ending 28th April 2018, Waterstones Booksellers Limited reported a turnover of £385,715,000, pre-tax profits of £19,984,000 and a total net worth of £17,405,000 (Source: Experian Group 23/09/2019). Waterstones now has over 280 book shops across the UK (Source: waterstones.com 23/09/2019).
