Let to Marstons Estates Limited until 2026 (no breaks)
Prominent town centre location
Neighbouring occupiers including Barclays, Superdrug, W H Smith and Subway
Six Week Completion
Lot 1
Auction 13th February 2014
Rent £27,000 per Annum Exclusive
Status Sold
Price £345,000
Sector Public House
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers, GVA
Property Information
Location
Miles
0.5 miles to Uttoxeter Racecourse, 14 miles north-east of Stafford, 32 miles north of Birmingham
Roads
A518, A50, A515, M6 (Junction 14)
Rail
Uttoxeter Railway Station
Air
Birmingham International Airport, East Mindlands Airport
Situation
Uttoxeter is an attractive market town popular for its racecourse. The property is prominently situated in the heart of the town centre to the west of the High Street at its junction with Smithfield Lane. The property is in close proximity to the Maltings shopping centre with neighbouring occupiers including Barclays, Superdrug, W H Smith and Subway.
Tenure
Freehold.
Location
Miles
0.5 miles to Uttoxeter Racecourse, 14 miles north-east of Stafford, 32 miles north of Birmingham
Roads
A518, A50, A515, M6 (Junction 14)
Rail
Uttoxeter Railway Station
Air
Birmingham International Airport, East Mindlands Airport
Situation
Uttoxeter is an attractive market town popular for its racecourse. The property is prominently situated in the heart of the town centre to the west of the High Street at its junction with Smithfield Lane. The property is in close proximity to the Maltings shopping centre with neighbouring occupiers including Barclays, Superdrug, W H Smith and Subway.
Tenure
Freehold.
Description
The property, an attractive, traditional building, comprises ground floor public house accommodation, ancillary accommodation in the basement with five letting bedrooms, four of which have en-suites, on the first floor and a two bedroom flat and office for staff on the second floor.
Note
This property is being marketed for sale on behalf of G B Judd & R N Philips acting as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own
enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive, traditional building, comprises ground floor public house accommodation, ancillary accommodation in the basement with five letting bedrooms, four of which have en-suites, on the first floor and a two bedroom flat and office for staff on the second floor.
Note
This property is being marketed for sale on behalf of G B Judd & R N Philips acting as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own
enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Basement Ground First Second
Ancillary Public House 5 x Residential Letting Rooms Two Bedroom Flat/Ancillary
From 2004 until 24th December 2026 on a full repairing and insuring lease
£27,000
25/03/2017 & 5 yearly
Totals
340 sq m
(3,659 sq ft)
£27,000
(1) Marstons Estates Limited are ultimately owned by Marstons plc, who for the year ending 5th October 2013, reported a turnover of £782,900,000, pre-tax profits of £69,800,000 and a total net worth of £593,600,000. (Source: www.riskdisk.com 15/01/2014)
