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
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.
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
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
