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 Available
Guide* £120,000
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.
