Stafford Railway Station (London Euston approximately 1 hour 20 minutes, Manchester Piccadilly 1 hour)
Air
Birmingham International Airport, East Midlands Airport
Situation
The property is prominently situated on the western side of Stafford Road (A449) and immediately north of Junction 13 of the busy M6 Motorway. Neighbouring occupiers include the 500,000 sq ft Argos Distribution Centre and
The South Staffordshire Housing Association head office.
Tenure
Freehold.
Location
Miles
3.5 miles south of Stafford, 25 miles north-west of Birmingham, 61 miles south of Manchester
Stafford Railway Station (London Euston approximately 1 hour 20 minutes, Manchester Piccadilly 1 hour)
Air
Birmingham International Airport, East Midlands Airport
Situation
The property is prominently situated on the western side of Stafford Road (A449) and immediately north of Junction 13 of the busy M6 Motorway. Neighbouring occupiers include the 500,000 sq ft Argos Distribution Centre and
The South Staffordshire Housing Association head office.
Tenure
Freehold.
Description
The property comprises a substantial leisure site of approximately 1.65 hectares (4.09 acres) upon which there are three separate modern buildings including a detached single storey restaurant building, a 103 room Holiday Inn Express hotel and a detached Public House. The site benefits from extensive car parking.
Planning
Historic planning consent was granted (now lapsed) to replace the existing
restaurant building with a 3,250 sq ft ‘drive thru’ style restaurant. The proposed
layout plan and details of which can be found in the Legal Pack.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 comprises a substantial leisure site of approximately 1.65 hectares (4.09 acres) upon which there are three separate modern buildings including a detached single storey restaurant building, a 103 room Holiday Inn Express hotel and a detached Public House. The site benefits from extensive car parking.
Planning
Historic planning consent was granted (now lapsed) to replace the existing
restaurant building with a 3,250 sq ft ‘drive thru’ style restaurant. The proposed
layout plan and details of which can be found in the Legal Pack.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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
Restaurant
Ground
Restaurant
341.5 sq m
(3,676 sq ft)
JAMES KWOK MO LAI (t/a Mandarin Oriental)
20 years from 29/09/2008 until 2028 on a full repairing and insuring lease (1)
£65,000
29/09/2018 and 5 yearly
Hotel
Hotel
Not measured
ATLAS HOTELS (TRADING) LTD (t/a Holiday Inn Express) (2)
999 years from 1997
Peppercorn
Public House
Public House
Not measured
SPIRIT PUB COMPANY (SERVICES) LTD (3)
999 years from 1997
Peppercorn
Totals
341.5 sq m
(3,676 sq ft)
£65,000
(1) The lease provides for a tenant option to determine the lease on the 29th September 2018, subject to at least 6 months’ prior notice. (2) Atlas Hotels is an award winning hotel company operating 45 Holiday Inn Express hotels in the UK, making them the biggest operator of the brand in Europe. (Source: www.atlashotels.co.uk 22.04.2015) (3) Spirit has a high quality estate of over 1,200 pubs nationwide and a portfolio of award winning brands. (Source: www.spiritpubcompany.com 22.04.2015)
