37-41 Market Place Uttoxeter Staffordshire ST14 8HF

37-41 Market Place
Uttoxeter
Staffordshire
ST14 8HF

Freehold Building Society Investment (Plus two vacant former flats)

Majority let to Nottingham Building Society
10 year lease from March 2017 (subject to option)
Former flats offered with Vacant Possession
Asset Management Opportunities including refurbishment and letting former residential
Nearby retailers include Boots the Chemist, Greggs, WHSmith, Savers Health & Beauty and JD Wetherspoon
VAT-Free Investment

Lot
18
Auction
11th February 2021
Rent
£27,250 per Annum Exclusive
Status
Sold
Price
£332,500
Auction Venue
Live Streamed Auction
On Behalf of The Co-Operative Bank

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Freehold Building Society Investment (Plus two vacant former flats)

Majority let to Nottingham Building Society
10 year lease from March 2017 (subject to option)
Former flats offered with Vacant Possession
Asset Management Opportunities including refurbishment and letting former residential
Nearby retailers include Boots the Chemist, Greggs, WHSmith, Savers Health & Beauty and JD Wetherspoon
VAT-Free Investment

Lot 18
Auction 11th February 2021
Rent £27,250 per Annum Exclusive
Status Sold
Price £332,500
Sector
Bank
Auction Venue
Live Streamed Auction
On Behalf of The Co-Operative Bank

Property Information

Location

Miles: 14 miles north-east of Stafford; 16 miles south-east of Stoke-on-Trent
Roads: A50, A518, M6
Rail: Uttoxeter
Air: East Midlands Airport

Situation

Uttoxeter is a market town in Staffordshire, approximately 14 miles north-east of Stafford and 16 miles south-east of Stoke-on-Trent. The property is located on the south-west side of Market Place, close to it's junction with Market Street and High Street. Nearby retailers include Boots the Chemist, Greggs, WHSmith, Savers Health and Beauty and JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 14 miles north-east of Stafford; 16 miles south-east of Stoke-on-Trent
Roads: A50, A518, M6
Rail: Uttoxeter
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a double-fronted three storey building arranged as a ground floor banking hall with office and ancillary accommodation on the part first and part second floors. The property also includes two former residential flats on the part first and part second floors, which benefit from separate access.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
	Ground Part First Part Second	Banking Hall Office/Ancillary Office/Ancillary	155.92 sq m 15.04 sq m 15.43 sq m	(1,678 sq ft) (162 sq ft) (166 sq ft)	NOTTINGHAM BUILDING SOCIETY (1)	10 years from 01/03/2017 until 28/02/2027 (2)	£27,250	25/03/2022
Flat 1, 41 Market Place Flat 2, 37/39 Market Place	Part First/ Second Part First/ Second	Residential Residential	30.09 sq m 30.87 sq m	(324 sq ft) (332 sq ft)	VACANT	-	-	-
Total	Total		247.35 sq m	(2,622 sq ft)			£27,250

(1) Nottingham Building Society operate from 56 branches across the UK (www.thenottingham.com).
(2) The lease provides a tenant option to determine on 01/03/2022.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.