Tenant did not exercise their September 2016 Break Option
Prominent position on prime pedestrianised retail thoroughfare
Tenant option to renew for an additional 15 years from expiry of the existing lease
Nearby occupiers include Boots the Chemist, WH Smith, McDonald’s, Superdrug, Laura Ashley and Caffe Nero
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 40
Auction 13th October 2016
Rent £70,000 per Annum Exclusive
Status Sold
Price £825,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers JLL
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
Newcastle-under-Lyme is equidistant between Manchester and Birmingham and is just 2 miles east of the University of Keele. The property is prominently situated on the south side of the pedestrianised High Street adjacent to The Roebuck Centre, which houses retailers including Boots the Chemist, Argos, Iceland and Lloyds Bank. Other nearby occupiers include WH Smith,
McDonald's, Superdrug, Laura Ashley and Caffe Nero.
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
Newcastle-under-Lyme is equidistant between Manchester and Birmingham and is just 2 miles east of the University of Keele. The property is prominently situated on the south side of the pedestrianised High Street adjacent to The Roebuck Centre, which houses retailers including Boots the Chemist, Argos, Iceland and Lloyds Bank. Other nearby occupiers include WH Smith,
McDonald's, Superdrug, Laura Ashley and Caffe Nero.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation in the basement, first and second floors. The third floor has restricted access and is not currently used.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of 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.
Viewings
There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
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 banking hall with ancillary accommodation in the basement, first and second floors. The third floor has restricted access and is not currently used.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of 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.
Viewings
There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
15 year s from 2 8/09/2006 on a full repairing and insuring lease (2)
£70,000
28/09/2016 (27/09/2021)
TOTALS
512.34 sq m
(5,515 sq ft)
£70,000
1) For the year ending 31st December 2015, HSBC Bank Plc reported pre-tax profits of £2,969,000,000 and a total net worth of £30,486,000,000 (Source: Experian Group 03/08/2016). (2) The lease is subject to a schedule of condition.
