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
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.
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).
