19-19a Victoria Street
Crewe
Cheshire
CW1 2HF

High Yielding Freehold Retail Investment

  • Let to Waterstones Booksellers Limited
  • Includes trading accommodation at first floor
  • 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
    24/Oct/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
Important Auction & Property Update
  • 19-19a Victoria Street<br>Crewe<br>Cheshire<br>CW1 2HF
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  • Map

* More information on the term "price" can be found here

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.

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

FloorUse
Floor Areas (Approx)
TenantTermRent 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).

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    739 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 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 +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Louis Taylor Commercial Estate Office, 5 King Street
Stoke-on-Trent
Staffordshire
ST5 1EN
Graham Hulse 01782 260222g.hulse@louis-taylor.co.uk
Seller's Solicitors
Woolliscrofts Solicitors 6 - 10 Broad Street
Hanley
Stoke-on-Trent
ST1 4EU
Ray Basnett 01782 406 820rbasnett@woolliscrofts.co.uk

Useful Links

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