10-12 Victoria Street Crewe Cheshire CW1 2HE

10-12 Victoria Street
Crewe
Cheshire
CW1 2HE

Freehold Retail Investment in Affluent Market Town

Two retail units located on prime pedestrianised retail thoroughfare
Situated opposite the Market Shopping Centre and some 80 metres from Victoria Shopping Centre
Nearby occupiers include The Body Shop, Specsavers, Burton Menswear, Lloyds TSB and Halifax
Six Week Completion Period Available

Lot
43
Auction
18th October 2011
Rent
£47,000 per Annum Exclusive
Status
Sold
Price
£252,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Warnford Properties Ltd

Interested?

Expand
Photos
Map

Freehold Retail Investment in Affluent Market Town

Two retail units located on prime pedestrianised retail thoroughfare
Situated opposite the Market Shopping Centre and some 80 metres from Victoria Shopping Centre
Nearby occupiers include The Body Shop, Specsavers, Burton Menswear, Lloyds TSB and Halifax
Six Week Completion Period Available

Lot 43
Auction 18th October 2011
Rent £47,000 per Annum Exclusive
Status Sold
Price £252,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Warnford Properties Ltd

Property Information

Location

Miles: 5 miles north west of Stoke-on-Trent, 36 miles south of Manchester, 47 miles south-east of Liverpool
Roads: A530, A34, A500, M6 (Junction 16)
Rail: Crewe Railway Station
Air: Manchester International Airport

Situation

The property is situated in a prominent location on the southern side of Victoria Street, one of the town's prime pedestrianised thoroughfares. The property benefits from its proximity to Market Shopping Centre which houses occupiers such as River Island, Dorothy Perkins and Clinton Cards, and Victoria Shopping Centre which houses occupiers such as Ryman Stationers, Jessops and Mothercare. Other nearby occupiers include The Body Shop, Specsavers, Burton Menswear, Lloyds TSB and Halifax.

Tenure

Freehold.

Location

Miles: 5 miles north west of Stoke-on-Trent, 36 miles south of Manchester, 47 miles south-east of Liverpool
Roads: A530, A34, A500, M6 (Junction 16)
Rail: Crewe Railway Station
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises two self-contained ground floor retail units, one of which benefits from a first floor level.

Note
18 Victoria Street and 20-22 Queensway, Crewe is being offered as Lot 44 in this auction.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
10	Ground	Retail	98.94 sq m	(1,065 sq ft)	REGIS UK LIMITED (t/a Regis Hairstylists) (1)	15 years from 25/03/1998	£22,000	24/03/2013
12	Ground First	Retail Restaurant/Kitchen	42.73 sq m 65.85 sq m	(460 sq ft) (709 sq ft)	BIG APPLE CAFÉ LIMITED	5 years from 06/05/2009 (2)	£25,000	06/05/2014
Totals			207.52 sq m	(2,234 sq ft)			£47,000

(1) The ultimate parent company of Regis UK Limited is Regis Corporation which is incorporated in the USA. (Source: 2010 Accounts for Regis UK Limited) Regis Corporation is the market leader in the hair salon industry and owns, franchises or holds ownership interests in over 12,700 worldwide locations. (Source: www.regiscorp.com, 05/09/2011).
(2) There is a tenant only option to determine the lease on 6th May 2012.