41 a-c High Street
Stone
Staffordshire
ST15 8AD

Freehold Retail Parade Investment

  • Let to Superdrug Stores Plc and TUI UK Limited (with vacant shop under offer) (3)
  • Approximately 596.41 sq m (6,420 sq ft) with rear servicing/parking
  • Asset management opportunities
  • VAT-free investment
  • Nearby retailers include Costa Coffee, WHSmith and Boots the Chemist
  • Lot
    49
  • Auction
    24/Oct/2019
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £540,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 41 a-c High Street<br>Stone<br>Staffordshire<br>ST15 8AD
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* More information on the term "price" can be found here

Property Information

Location
Miles
7 miles north of Stafford
8 miles south of Stoke-on-Trent
35 miles north-west of Birmingham
Roads
A34, A51, A520, M6
Rail
Stone
Air
Manchester Airport, Birmingham Airport
Situation

Stone is an attractive market town located midway between Stoke-on-Trent and Stafford, some 30 miles north of central Birmingham in the county of Staffordshire. The property is situated on the north side of the pedestrianised High Street in a prominent town centre location, opposite Market Place, with nearby occupiers including Costa Coffee, WHSmith and Boots the Chemist.

Tenure

Freehold.

Description

The property comprises three ground floor shops, each with ancillary accommodation on the first floor. The property benefits from shared access to a service yard to the rear for both pedestrians and vehicles.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
First
Retail
Ancillary
219.72 sq m
185.15 sq m
(2,365 sq ft)
(1,993 sq ft)
SUPERDRUG
STORES PLC (1)
5 years from 25/03/2017 until
24/03/2022
£35,000
Ground
First
Retail
Ancillary
64.80 sq m
28.10 sq m
(698 sq ft)
(302 sq ft)
TUI UK LIMITED
(2)
24 years from 02/11/1992 until 01/11/2016 (Holding Over)£15,000
Ground
First
Retail
Ancillary
74.14 sq m
24.50 sq m
(798 sq ft)
(264 sq ft)
UNDER OFFER (3)--
Totals
 
596.41 sq m
(6,420 sq ft)
  £50,000

(1) For the year ending 29th December 2018, Superdrug Stores Plc reported a turnover of £1,283,161,000, pre-tax profits of £88,339,000 and a total net worth of £178,525,000 (Source: Experian Group 13/09/2019).
(2) For the year ending 30th September 2018, TUI UK Limited reported a turnover of £5,177,000,000, pre-tax profits of £289,000,000 and a total net worth of £666,000,000 (Source: Experian Group 13/09/2019).
(3) Heads of Terms have been agreed for a bar operator to occupy the premises for a 5 year term, subject to a tenant option to determine at year 3 at a commencing rent of £12,500 per annum; solicitors are instructed to complete the new letting - please see legal documentation.

Property Documents

  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    863 KB
    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 14 Smokies Way, Biddulph
Stoke-on-Trent
Staffordshire
ST8 6TZ
Ian Cotterill 01785 339922ian.cotterill@louis-taylor.co.uk
Seller's Solicitors
Wiggin, Osborne Fullerlove 95 The Promenade
Cheltenham
GL50 1HH
Paul Wilson 01242 710 200paul.wilson@woflaw.com

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