Unit 1 Roebuck Shopping Centre High Street Newcastle Under Lyme ST5 1QL

Unit 1 Roebuck Shopping Centre
High Street
Newcastle Under Lyme
ST5 1QL

Virtual Freehold Retail Investment

  • Let to Sportswift Limited t/a Card Factory
  • Forms part of the Roebuck Shopping Centre, adjacent to the main entrance
  • Neighbouring occupiers include Lloyds Bank, RBS, Clarks, Santander, Holland & Barrett, Boots the Chemist, Iceland and McDonald's
  • Lot
    45
  • Auction
    12th February 2020
  • Rent
    £25,250 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
Important Update
  • Expand
  • Photos
  • Map

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

Virtual Freehold Retail Investment

  • Let to Sportswift Limited t/a Card Factory
  • Forms part of the Roebuck Shopping Centre, adjacent to the main entrance
  • Neighbouring occupiers include Lloyds Bank, RBS, Clarks, Santander, Holland & Barrett, Boots the Chemist, Iceland and McDonald's
  • Lot 45
  • Auction 12th February 2020
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    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, Clarks, Santander, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of sale at a peppercorn rent

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, Clarks, Santander, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of sale at a peppercorn rent

Description

The property comprises ground floor retail accommodation with first 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

See legal pack at acuitus.co.uk

Description

The property comprises ground floor retail accommodation with first 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

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
First
Retail
Ancillary
93.80 sq m
124,29 sq m
(1,009 sq ft)
(1,337 sq ft)
SPORTSWIFT
LIMITED (1)
t/a Card Factory
5 years from
21/10/2018 (2)
on a full repairing
and insuring lease
£25,250 (20/10/2023)
Total
218.00 sq m
(2,346 sq ft)
    £25,250  

(1) For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and a total net worth of £24,056,000 (Source: Experian Group 17/01/2020).
(2) The lease provides for a tenant option to determine on 21/10/2021 with 6 months' written notice.

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.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@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

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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