23 Ironmarket Newcastle-under-Lyme Staffordshire ST5 1RH

  • 23 Ironmarket<br>Newcastle-under-Lyme<br>Staffordshire<br>ST5 1RH

23 Ironmarket
Newcastle-under-Lyme
Staffordshire
ST5 1RH

Freehold High Yielding Retail Investment

  • Entirely let to tenant trading as The Royal Orchid
  • Ground, First and Second Floor accommodation totalling 107.40 sq. m. (1,155 sq. ft.)
  • Situated in prime pedestrianised zone of Ironmarket
  • Opposite the busy Castle Walk Shopping Area
  • Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James
  • Imminent Asset Management Opportunities
  • VAT Free Investment
  • Lot
    47
  • Auction
    9th May 2024
  • Rent
    £18,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
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Freehold High Yielding Retail Investment

  • Entirely let to tenant trading as The Royal Orchid
  • Ground, First and Second Floor accommodation totalling 107.40 sq. m. (1,155 sq. ft.)
  • Situated in prime pedestrianised zone of Ironmarket
  • Opposite the busy Castle Walk Shopping Area
  • Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James
  • Imminent Asset Management Opportunities
  • VAT Free Investment
  • Lot 47
  • Auction 9th May 2024
  • Rent £18,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • 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 located in the heart of Newcastle- under-Lyme's pedestrianised town centre on the northern side of Ironmarket, opposite it's junction with Castle Walk. The main bus terminal of Newcastle-under- Lyme can be directly accessed via Castle Walk. Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James.

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 located in the heart of Newcastle- under-Lyme's pedestrianised town centre on the northern side of Ironmarket, opposite it's junction with Castle Walk. The main bus terminal of Newcastle-under- Lyme can be directly accessed via Castle Walk. Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James.

Tenure

Freehold.

Description

The property comprises a ground floor beauty salon and and treatment rooms with office/ ancillary accommodation on the first and second floors. The property also benefits from a rear yard, accessed via Merrial Street.

VAT

VAT is not 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 property comprises a ground floor beauty salon and and treatment rooms with office/ ancillary accommodation on the first and second floors. The property also benefits from a rear yard, accessed via Merrial Street.

VAT

VAT is not 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

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
First
Second
Beauty Salon
Office/ Ancillary
Office/ Storage
36.90
37.20
33.30
(397)
(400)
(358)
PKG Products LLP (T/a The Royal Orchid) 6 Years from 08/11/2019 until 07/11/2025
(2)
£18,000
Total Approximate Floor Area  
107.40
(1,155)
(1)
   
£18,000

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) The tenant did not exercise their break option on 08/11/2022.

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.

Property Documents

  • Brochure
    Updated Date
    10.05.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Greene & Greene 80 Guildhall Street
Bury St Edmunds
Suffolk
IP33 1QB
Julia Cardy 01284 717450juliacardy@greene-greene.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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