54/55/55a Ironmarket Newcastle-under-Lyme Staffordshire ST5 1PE

54/55/55a Ironmarket
Newcastle-under-Lyme
Staffordshire
ST5 1PE

  • 54/55/55a Ironmarket<br>Newcastle-under-Lyme<br>Staffordshire<br>ST5 1PE

Freehold High Yielding Retail Parade Investment

  • Comprises three shops, each arranged on ground, first & second floors
  • Shops let to Oxfam and PDSA, plus one vacant shop
  • Between The Roebuck and Castle Walk Shopping Centres
  • Nearby occupiers include Caffé Nero, Loungers, Toni&Guy, Coral and Halifax Bank.
  • Immediate Asset Management Opportunities
  • Lot
    18
  • Auction
    18/May/2022
  • Rent
    £36,250 per Annum Exclusive
    (2), plus one vacant shop.
  • Status
    Available
  • Price*
    £300,000 - £325,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 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 pedestrianised Ironmarket, between The Roebuck and Castle Walk Shopping Centres. Other nearby occupiers include Caffé Nero, Loungers, Toni&Guy, Coral and Halifax Bank.

Tenure

Freehold.

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 pedestrianised Ironmarket, between The Roebuck and Castle Walk Shopping Centres. Other nearby occupiers include Caffé Nero, Loungers, Toni&Guy, Coral and Halifax Bank.

Tenure

Freehold.

Description

The property comprises three shops each arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

See legal pack.

Description

The property comprises three shops each arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

See legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas Approx sq m Floor Areas Approx sq ft Tenant Term Rent p.a.x.
54 Ironmarket Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
150.60 sq m
44.90 sq m
43.60 sq m
(1,621 sq ft)
(483 sq ft)
(469 sq ft)
VACANT -
-
55 Ironmarket Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
101.20 sq m
38.70 sq m
40.80 sq m
(1,089 sq ft)
(417 sq ft)
(439 sq ft)
OXFAM 5 years from 24/02/2020 (1)
£18,750
55A Ironmarket Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
103.40 sq m
39.40 sq m
41.20 sq m
(1,113 sq ft)
(424 sq ft)
(443 sq ft)
THE PEOPLE''S DISPENSARY FOR SICK ANIMALS 5 years from 28/02/2017 (holding over) (2)
£17,500
Total    
603.90 sq m
(6,498 sq ft)
   
£36,250 (2) plus one vacant shop

(1) The lease is subject to a tenant option to determine on 19/10/2022.
(2) The tenant is currently holding over on a lease that expired on 27/02/2022. A Lease Renewal has been agreed for a term of 5 years with a tenant only break option at year 3 and a rent of £11,000 pa for years 1 & 2; £14,000 pa for years 3 & 4 and £17,000 pa in year 5. Heads of terms are agreed and solicitors are instructed.

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

  • Solicitors Legal Pack
    Updated Date
    12.05.22
    File Size
    50 MB
    Login to View
  • Brochure
    Updated Date
    03.05.22
    File Size
    4 MB
    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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner +44 (0)20 8343 4411jeremy@bsgsolicitors.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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