5/5a Huntbach Street Hanley Stoke-on-Trent West Midlands ST1 2HQ

5/5a Huntbach Street
Hanley
Stoke-on-Trent
West Midlands
ST1 2HQ

High Yielding Freehold Retail and Office Investment

Part let to Co-operative Bank Plc
Town centre location
Nearby occupiers include Boots the Chemist, Primark, Marks & Spencer, JD Sports, Greggs, H Samuel and Ernest Jones
High yielding on Guide Price
VAT-free investment

Lot
52
Auction
24th October 2019
Rent
£14,440 per Annum Exclusive
Status
Sold
Price
£95,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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High Yielding Freehold Retail and Office Investment

Part let to Co-operative Bank Plc
Town centre location
Nearby occupiers include Boots the Chemist, Primark, Marks & Spencer, JD Sports, Greggs, H Samuel and Ernest Jones
High yielding on Guide Price
VAT-free investment

Lot 52
Auction 24th October 2019
Rent £14,440 per Annum Exclusive
Status Sold
Price £95,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 45 miles north of Birmingham
Roads: A50, A53, A500 (Queensway)
Rail: Stoke-on-Trent
Air: Manchester Airport

Situation

Hanley is the principal retailing centre for Stoke-on-Trent. The property is located on the north side of Huntbach Street, very close to the pedestrianised Upper Market Square and less than 50 metres from The Potteries Shopping Centre, with retailers including Primark, JD Sports, Ernest Jones and Vision Express. Other nearby occupiers include Boots the Chemist, Marks & Spencer, Greggs and H Samuel.

Tenure

Freehold.

Location

Miles: 45 miles north of Birmingham
Roads: A50, A53, A500 (Queensway)
Rail: Stoke-on-Trent
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property is a two storey building, arranged as a ground floor shop with office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

Band C. Available from the legal pack at acuitus.co.uk

Description

The property is a two storey building, arranged as a ground floor shop with office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

Band C. Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground	Retail	57.20 sq m	(616 sq ft)	A A MARAASHLI with personal guarantor t/a My Smart	3 years from 13/08/2018	£9,600
First	Office	55.00 sq m	(592 sq ft)	THE CO-OPERATIVE BANK PLC (1)	10 years from 24/06/2014	£4,840
Total		112.20 sq m	(1,208 sq ft)			£14,440

(1) For the year ending 31st December 2018, The Co-operative Bank Plc reported a pre-tax loss of £140,700,000, and a total net worth of £1,677,700,000 (Source: Experian Group 24/09/2019).