Unit 2A Jasper Square, Woodland Street & 100-104 High Street Tunstall Stoke-on-Trent ST6 5TJ

  • Unit 2A Jasper Square, Woodland Street<br>& 100-104 High Street<br>Tunstall<br>Stoke-on-Trent<br>ST6 5TJ

Unit 2A Jasper Square, Woodland Street
& 100-104 High Street
Tunstall
Stoke-on-Trent
ST6 5TJ

Freehold Retail Investment

  • Majority let to Shoe Zone Limited on a 15 year Lease until 2020
  • Prominent position within the Jasper Square Retail Park
  • Nearby occupiers include Next, Argos, Matalan and Asda
  • On-site car parking for approximately 269 cars
  • Six Week Completion
  • Lot
    41
  • Auction
    5th December 2013
  • Rent
    £55,900 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Retail Investment

  • Majority let to Shoe Zone Limited on a 15 year Lease until 2020
  • Prominent position within the Jasper Square Retail Park
  • Nearby occupiers include Next, Argos, Matalan and Asda
  • On-site car parking for approximately 269 cars
  • Six Week Completion
  • Lot 41
  • Auction 5th December 2013
  • Rent £55,900 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    Retail Warehouse
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
Stoke-on-Trent 3 miles
Manchester 36 miles
Birmingham 48 miles
Roads
A500, M6 (Junction 16)
Rail
Kidsgrove
Air
Manchester International Airport
Situation

The property is situated in a prominent central location within the Jasper Square Retail Park and on the busy Rathbone Street access to the retail park from the High Street. The Shoe Zone unit fronts the retail park with return frontage to Rathbone Street and the Co-Operative Travel unit fronts the High Street and also has return frontage.

Tenure

Freehold.

Location
Miles
Stoke-on-Trent 3 miles
Manchester 36 miles
Birmingham 48 miles
Roads
A500, M6 (Junction 16)
Rail
Kidsgrove
Air
Manchester International Airport
Situation

The property is situated in a prominent central location within the Jasper Square Retail Park and on the busy Rathbone Street access to the retail park from the High Street. The Shoe Zone unit fronts the retail park with return frontage to Rathbone Street and the Co-Operative Travel unit fronts the High Street and also has return frontage.

Tenure

Freehold.

Description

Unit 2A comprises a modern retail unit of brick construction with glazed frontage and metal profile roof. 100-104 High Street comprises a traditional retail unit of brick construction with retail accommodation to the ground floor, and 2 floors of ancillary accommodation above.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

Unit 2A comprises a modern retail unit of brick construction with glazed frontage and metal profile roof. 100-104 High Street comprises a traditional retail unit of brick construction with retail accommodation to the ground floor, and 2 floors of ancillary accommodation above.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
2A Jasper
Square
Ground Retail and
Ancillary
275.00 sq m
(2,960 sq ft)
SHOE ZONE LIMITED (1) 15 years from 31/05/2005 until 30/05/2020 on a full repairing and insuring lease £38,400 31/05/2015
100 – 104
High Street
Ground
First
Second
Retail
Ancillary
Plant
91.42 sq m
25.70 sq m
(984 sq ft)
(277 sq ft)
UNITED CO-OPERATIVES TRAVEL GROUP LTD (2) 15 years from 20/06/2005 until 19/06/2020 on a full repairing and insuring lease £17,500 20/06/2015
Totals    
392.12 sq m
(4,221 sq ft)
    £55,900  

(1) Authorised Guarantee Agreement provided by Shoefayre Limited upon assignment to Shoe Zone Limited. For the year ending 29th September 2012, Shoe Zone Limited reported a turnover of £189,423,000, pre-tax profits of £8,488,000 and a total net worth of £36,609,000. (Source: www.riskdisk.com 04/11/2013).
(2)United Co-operatives Travel Group Limited is now known as Co-op Group Travel 2 Holdings Limited. The tenants have an option to determine the lease on 19/06/2015. They are not currently in occupation. For the year ending 15th January 2013, the ultimate holding company, Co-operative Group Limited reported a turnover of £12,448,000,000 and a total net worth of £2,669,000,000.
(Source: www.riskdisk.com 07.11.2013).

Contacts

Seller's Solicitors
Kuit Steinart Levy LLP 3 St Mary’s Parsonage
Manchester
M3 2RD
+44 (0)161 838 8114
David Moroney +44 (0)161 832 3434davidmoroney@kuits.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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