58 High Street
Newcastle Under Lyme
Staffordshire
ST5 1QE

Town Centre Freehold Bank on a New 5 year lease and Office Investment

  • Ground Floor let to Santander UK PLC let on a New 5 year lease (NO Breaks)
  • Bank Lease renewal from 25th December 2020
  • VAT-free Investment
  • Upper floor offices part let and part vacant
  • Lot
    41
  • Auction
    16/Jun/2021
  • Rent
    £27,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
Important Update
  • 58 High Street, Newcastle Under Lyme, Staffordshire, ST5 1QE
  • 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 and close to the Roebuck Shopping centre. Neighbouring occupiers include Lloyds Bank, RBS, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.

Tenure

Freehold.

Description

The property comprises a ground floor bank with separately accessed office accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.newcastle-staffs.gov.uk

Viewings

There will be no internal viewings of the Bank due to Covid-19. Access to the upper floors, please email: alexander.auterac@acuitus.co.uk

Completion Period

Six Week Completion

EPC

See legal pack as www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
GroundBanking
151.12 sq m
(1,626 sq ft)
SANTANDER UK
PLC (1) (2)
5 years from
25/12/2020
£21,250(24/12/2025)
FirstOffice
95.4 sq m
(1,026 sq ft)
KoKo Digital
Limited
Tenancy at Will£6,250 
SecondOffice
94.7 sq m
(1,019 sq ft)
Vacant   

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) Please note this branch is on Santander's bank closure list announced on 26 March 2021

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

  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    821 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    789 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP
Dan Vincent 0161 934 6291dan.vincent@addleshawgoddard.com

Useful Links

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