Unit 19 Penda Way Sandbach Cheshire CW11 1GS

Unit 19 Penda Way
Sandbach
Cheshire
CW11 1GS

Prominent Pedestrianised Freehold Retail Investment

  • Prominent Pedestrianised Town Centre Location close to Towns main car park
  • Let to Barnardo`s, in-occupation for over 36 years
  • 2018 Tenant option to determine NOT exercised
  • Lease expires June 2028 (1)
  • VAT-free Investment
  • Lot
    20
  • Auction
    4th November 2021
  • Rent
    £7,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £125,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Prominent Pedestrianised Freehold Retail Investment

  • Prominent Pedestrianised Town Centre Location close to Towns main car park
  • Let to Barnardo`s, in-occupation for over 36 years
  • 2018 Tenant option to determine NOT exercised
  • Lease expires June 2028 (1)
  • VAT-free Investment
  • Lot 20
  • Auction 4th November 2021
  • Rent
  • Status Sold
  • Price £125,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
10 miles south east of Northwich
14 miles north of Stoke
25 miles south of Manchester
Roads
M6, A534
Rail
Sandbach Railway
Air
Manchester Airport
Situation

Sandbach is a market town located 25 miles south of Manchester and 14 miles north of Stoke on Trent. The town is located near to the M6 motorway and is on the A534 which connects Crewe to the west with Macclesfield to the west. The property is located in the town centre on the pedestrianised Penda Way. Penda Way connects the High Street/Market Square with Scotch Common Car Park to the north. Occupiers close by include Nationwide (opposite), Savers, Sue Ryder, Well Pharmacy and a number of local retailers.

Tenure

Freehold.

Location
Miles
10 miles south east of Northwich
14 miles north of Stoke
25 miles south of Manchester
Roads
M6, A534
Rail
Sandbach Railway
Air
Manchester Airport
Situation

Sandbach is a market town located 25 miles south of Manchester and 14 miles north of Stoke on Trent. The town is located near to the M6 motorway and is on the A534 which connects Crewe to the west with Macclesfield to the west. The property is located in the town centre on the pedestrianised Penda Way. Penda Way connects the High Street/Market Square with Scotch Common Car Park to the north. Occupiers close by include Nationwide (opposite), Savers, Sue Ryder, Well Pharmacy and a number of local retailers.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation at first floor.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor shop with ancillary accommodation at first floor.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review
Ground
First
Retail
Ancillary
56.80 sq m
36.30 sq m
(611 sq ft)
(390 sq ft)
BARNARDO`S
(2)
15 years from
24/06/2013
on a Full Repairing
and Insuring lease (1)
£7,200 24/06/2023
Total
93.10 sq m
(1,001 sq ft)
    £7,200  

(1) Tenant option to determine on 23/06/2023, upon 6 months notice - 2018 Tenant option to determine not exercised.
(2) Operate from 700 stores nationwide and reported in 2020 an income of 296.4m (Source : www.barnardos.org.uk)

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.

Property Documents

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    705 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    898 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

Contacts

Seller's Solicitors
Charles Coleman LLP 28-30 Beaumont Road
Windsor
Berkshire
SL4 1JP
Nathan Kapoor 01753 861 115NK@Charles-Coleman.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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