McColls
Abbotts Road, Carmountside
Stoke on Trent
Staffordshire
ST2 8EA

Freehold Convenience Store Investment

  • Let to Martin McColl Limited until 2030 (no breaks)
  • with Post Office
  • Fixed rental increase to £30,282 from July 2025
  • VAT free investment
  • Lot
    1
  • Auction
    10/Dec/2020
  • Rent
    £27,427 per Annum Exclusive
  • Status
    Available
  • Price*
    £325,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On behalf of SIPP Trustees
  • McColls<br>Abbotts Road, Carmountside<br>Stoke on Trent<br>Staffordshire<br>ST2 8EA
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  • Photos
  • Map

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

Property Information

Location
Miles
3 miles north-east of Stoke-on-trent
37 miles south of Manchester
42 miles north of Birmingham
Roads
A5009, A53, A52, M6
Rail
Stoke-on-trent Railway Station
Air
Manchester Airport
Situation

The property is situated in a predominantly residential area on the west side of Abbots road, approximately 3 miles north-east of the centre Stoke-on-Trent. Neighbouring occupiers include Co-op Food and a number of local traders.

Tenure

Freehold.

Description

The property comprises a ground floor convenience store with Post Office .

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail
259.81 sq m
(2,797 sq ft)
MARTIN
MCCOLL
LIMITED (1)
20 years from
19/07/2010 on a full
repairing and
£27,427Fixed increase
to £30,282
p.a.x.from
19/07/2025
Total
259.81 sq m
(2,797 sq ft)
  £27,427 

(1) For the year ending 25 November 2018, Martin McColl Limited reported a turnover of £835,333,000, pre-tax profits of £34,718,000 and shareholders funds of £218,271,000 (Source: NorthRow 13/11/2020).

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
    27.11.20
    File Size
    7 MB
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  • Site Plan
    Updated Date
    20.11.20
    File Size
    556 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.11.20
    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
    07.10.20
    File Size
    1,016 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
Associate Auctioneers
Lowe & Elliott Windsor House, 5a King Street
Newcastle under Lyme
Staffordshire
ST5 1EH
Rob Elliott 01782 622 621robelliott@lowe-elliott.co.uk
Seller's Solicitors
Knights Plc The Brampton
Newcastle-under-Lyme
Staffordshire
ST5 0QW
Tony Earl 01782 349 556tony.earl@knightsplc.com

Useful Links

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