18 - 20 Bridge Street Congleton Cheshire CW12 1AS

18 - 20 Bridge Street
Congleton
Cheshire
CW12 1AS

Freehold Bank/Retail Investment

Majority let to Nationwide Building Society until 2024 (subject to option)
Opposite Bridestone Shopping Centre
Nearby occupiers include Boots, Timpson, Thomas Cook & Vision Express
Town Centre Location

Lot
59
Auction
23rd October 2014
Rent
£39,300 per Annum Exclusive
Status
Sold
Price
£430,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Trustees

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Freehold Bank/Retail Investment

Majority let to Nationwide Building Society until 2024 (subject to option)
Opposite Bridestone Shopping Centre
Nearby occupiers include Boots, Timpson, Thomas Cook & Vision Express
Town Centre Location

Lot 59
Auction 23rd October 2014
Rent £39,300 per Annum Exclusive
Status Sold
Price £430,000
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Trustees

Property Information

Location

Miles: 25 miles south of Manchester; 13 miles north of Stoke-on-Trent
Roads: M6, A54, A534, A34
Rail: Congleton Rail Station
Air: Manchester Airport

Situation

The property is prominently situated on the prime pedestrianized Bridge Street opposite the Bridestone Shopping Centre with occupiers including Argos, Morrisons and Specsavers. Other neighbouring occupiers include Boots, Timpson, Thomas Cook and Vision Express.

Tenure

Freehold.

Location

Miles: 25 miles south of Manchester; 13 miles north of Stoke-on-Trent
Roads: M6, A54, A534, A34
Rail: Congleton Rail Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units and ancillary accommodation on the first floor.

Note
Cheshire Building Society are now part of Nationwide Building Society and over the weekend of 3rd-5th October will integrate into the Nationwide Building Society. (Source: http://www.thecheshire.co.uk)

VAT

VAT is applicable to this lot.

EPC

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

Description

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/(Reversion)
Ground First	Retail Ancillary	119.6 sq m 47.9 sq m	(1,287 sq ft) (575 sq ft)	NATIONWIDE BUILDING SOCIETY (1)	10 years from 01/02/2014 until 31/01/2024	£28,800	01/02/2019
Ground	Retail	40.13 sq m	(432 sq ft)	INDIVIDUAL (t/a Ballooning Marvellous) (2)	5 years from 02/06/2014	£10,500	(31/05/2019)
Totals		207.63 sq m	(2,294 sq ft)			£39,300

(1) For the year ending 4th April 2014, Nationwide Building Society reported pre-tax profits of £677,000,000 and a total net worth of £7,950,000,000. (Source: www.riskdisk.com 10/09/2014)
(2)The lease provides for a tenant option to determine the lease on 01/02/2019 subject to 6 months’ written notice.
(3)The lease provides for a mutual option to determine the lease on the 02/06/2017 subject to 6 months’ written notice.