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
12/Feb/2020
Rent
£25,250 per Annum Exclusive
Status
Available
Price*
Contact Us
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
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, 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

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 £1,000 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.