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
  • Unit 1 Roebuck Shopping Centre<br>High Street<br>Newcastle Under Lyme<br>ST5 1QL
  • Expand
  • 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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.02.20
    File Size
    40 MB
    Login to View
  • 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
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now