Kwik Fit
80 Brunswick Street
Newcastle under Lyme
ST5 1HL

Freehold Motor Trade Investment

  • Let to Kwik-Fit (GB) Limited until 2030 (no breaks)
  • Open Market Rent Reviews in 2020 and 2025
  • Approximately 0.13 hectares (0.32 acres) with 13 car parking spaces
  • Long term residential redevelopment potential (subject to consents)
  • Neighbouring occupiers include Johnsons the Cleaners and Bathstore
  • Lot
    10
  • Auction
    24/Oct/2019
  • Rent
    £90,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,250,000 - £1,300,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • Kwik Fit<br>80 Brunswick Street<br>Newcastle under Lyme<br>ST5 1HL
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* More information on the term "price" can be found here

Property Information

Location
Miles
45 miles north-west of Birmingham
45 miles south of Manchester
37 miles south-east of Chester
Roads
M6, A50, A52, A53
Rail
Stoke-on-Trent Railway Station
Air
Birmingham Airport
Manchester Airport
Situation

The property is prominently located on the south side of busy Brunswick Street (A52) and between North Street and Hanover Street, some 500 metres east of Newcastle-under-Lyme town centre. The A52 is a main arterial route between Stoke-on-Trent and Newcastle-under-Lyme. Nearby occupiers include Johnsons the Cleaners and Bathstore.com.

Tenure

Freehold.

Description

The property, a single storey motorist centre, comprises integral office and ancillary accommodation and benefits from an eaves height of approximately 5m/17ft, five roller shutter doors and car parking to the front and side of the property for approximately 13 cars. The property also benefits from a site area of approximately 0.13 hectares (0.32 acres).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/(Reversion)
GroundMotorist
Centre
730.76 sq m
(7,863 sq ft)
KWIK-FIT (GB)
LIMITED (1)
25 years from
15/03/2005 on a full
repairing and
insuring lease (2)
£90,00015/03/2020
and
15/03/2025
(14/03/2030)
Total
730.76 sq m
(7,863 sq ft)
  £90,000 

(1) Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes and air-con. They are the leading fast-fit suppliers of tyres in the country and carry stocks of over 600,000 products in over 600 centres in the UK (Source: www.kwik-fit.com 25/09/2019). For the year ending 31st March 2018, Kwik-Fit (GB) Limited reported a turnover of £481,661,000, pre-tax profits of £54,371,000 and a total net worth of £125,764,000 (Source: Experian 25/09/2019).
(2) The lease is subject to a schedule of condition.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.10.19
    File Size
    32 MB
    Login to View
  • Site Plan
    Updated Date
    02.10.19
    File Size
    907 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    1 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard , 7 Francis Grove, Wimbledon
London
London
SW19 4DW
Fraz Hussain 02080 719 520f.hussain@blackstonesolicitors.com

Useful Links

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