Units 5 - 6 Roebuck Centre
High Street
Newcastle-under-Lyme
ST5 1SW

Freehold Retail Investment

  • Let to C & J Clark International Limited until 2024 (no breaks)
  • 2019 break NOT exercised
  • Substantial double retail building in prime pedestrianised town centre location
  • Forms part of the Roebuck Shopping Centre adjacent to the main entrance
  • Neighbouring occupiers include Lloyds Bank, RBS, Santander, Holland & Barrett, Boots the Chemist, Iceland and McDonald's
  • Lot
    27
  • Auction
    11/Dec/2019
  • Rent
    £55,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £413,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • Units 5 - 6 Roebuck Centre<br>High Street<br>Newcastle-under-Lyme<br>ST5 1SW
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
36 miles south of Manchester
42 miles north of Birmingham
Roads
A34, A50, A53, M6
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation

The property is situated on the south side of the pedestrianised High Street, in a prominent position at its junction with Ironmarket. Neighbouring occupiers include Lloyds Bank, RBS, Santander, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.

Tenure

Freehold.

Description

The property is a substantial double retail building that comprises ground floor retail accommodation with first floor and second floor ancillary accommodation. The property backs onto the major Roebuck Shopping Centre and benefits from shared services.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail
Ancillary
Ancillary
211.60 sq m
187.90 sq m
69.00 sq m
(2,278 sq ft)
(2,022 sq ft)
(742 sq ft)
C & J CLARK INTERNATIONAL
LIMITED (1)
10 years from
25/03/2014
£55,00024/03/2024
Totals 
468.50 sq m
(5,042 sq ft)
  £55,000 

(1) For the year ending 3rd February 2018, C & J Clark International Limited reported a turnover of £820,400,000, a pre-tax loss of £3,200,000 and a total net worth of £235,400,000 (Source: Experian Group 13/11/2019).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    3 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
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Read Roper & Read Solicitors Alberton House,St. Mary's Parsonage
Manchester
M3 2WJ
Andrew Fairlie 0161-832-6905afairlie@readroper.co.uk

Useful Links

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