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 11th December 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
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
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
£55,000
24/03/2024
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
