Substantial Shopping Centre Comprising 17 Retail units
Approximately 3,450.75 sq m (37,170 sq ft)
Benefits from a link to 655 Space Multi Storey Car Park
Penestrianised Town Centre Location
Approximate Site Area of 0.461 Hectares (1.139 Acres)
Asset Management Opportunity
Lot 17
Auction 18th May 2022
Rent £102,416 per Annum Exclusive
Status Sold Post
Price
Sector Shopping Centre
Auction Venue Live Streamed Auction
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 prominently located in the heart of Newcastle Under Lyme's pedestrianised town centre with the main entrance on fronting the centre of High Street at it's junction with Ironmarket and further entrances fronting Pepper Street, Midway and Lower Street.
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 prominently located in the heart of Newcastle Under Lyme's pedestrianised town centre with the main entrance on fronting the centre of High Street at it's junction with Ironmarket and further entrances fronting Pepper Street, Midway and Lower Street.
Tenure
Freehold.
Description
The Roebuck Shopping Centre comprises a ground, lower ground, first and second floor Shopping Centre currently arranged to provide 17 retail units, some of which have been combined to form larger unit. The property benefits from a link to the town's 655 space multi storey car park. The property has an approximate site area of 0.461 Hectares (1.139 Acres).
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The Roebuck Shopping Centre comprises a ground, lower ground, first and second floor Shopping Centre currently arranged to provide 17 retail units, some of which have been combined to form larger unit. The property benefits from a link to the town's 655 space multi storey car park. The property has an approximate site area of 0.461 Hectares (1.139 Acres).
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
1
Ground First
Retail Ancillary
93.80 sq m 124.29 sq m
(1,009 sq ft) (1,337 sq ft)
SPORTSWIFT LIMITED t/a Card Factory (1)
5 years from 21/10/2018
£25,250
(20/10/2023)
2, 3, 9 4 7 8 10 12, 13, 14 16 17 18
Ground First
Retail Ancillary
1,162.81 sq m 450.10 sq m
(12,516 sq ft) (4,844 sq ft)
VACANT
8a
Ground First
Retail
84.40 sq m 21.3 sq m
(908 sq ft) (229 sq ft)
INDIVIDUAL t/a Bobba
1 year from 05/01/2022
£12,000
04/01/2022
11
Ground First
Retail
168.50 sq m 121.60 sq m
(1,813 sq ft) (1,308 sq ft)
Shirloin Furniture Ltd
3 years from 08/05/2012 Holding Over
£21,000
15
Ground
Retail
118.65 sq m
(1,277 sq ft)
INDIVIDUAL
13 months from 02/06/2021
£1,166.66
01/07/2022
19
Ground Lower Ground
Retail
572.30 sq m 178.20 sq m
(6160 sq ft) (1,918 sq ft)
ICELAND FOODS LTD
3 years from 16/10/2014 Holding Over
£25,000
19a
Ground
Retail
357.80 sq m
(3,851 sq ft)
INDIVIDUAL
4 years from 06/09/2016 Holding Over
£17,000
Multi Storey Car Park
Car Park
Lloyds Bank Plc
125 years from 12/08/1984
£1,000
(11/08/2109)
Total Approximate Floor Area
3,450.75 sq m
(37,170 sq ft) (2)
£102,416.66
(1) For the year ending 31/01/2021 Sportswift Limited (CRN 03493972) reported a turnover of £265,024,000, a Pre-Tax Profit of negative £10,866,000 and a Net Worth of £36,831,000. (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.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.
