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

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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

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 £1,000 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.