Kwik Fit Tyre and Motorist Centre (A52) 80 Brunswick Street Newcastle-under-Lyme Staffordshire ST5 1HL

Kwik Fit Tyre and Motorist Centre (A52)
80 Brunswick Street
Newcastle-under-Lyme
Staffordshire
ST5 1HL

Freehold Motor Trade Investment

Let to Kwik-Fit (GB) Limited until 2030 (No breaks)
Approximately 0.13 hectares (0.32 acres) with 13 car parking spaces
Long term residential Redevelopment Potential (subject to consents)
Neighbouring occupiers include Johnsons Cleaners and Bathstore.com
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
63
Auction
30th March 2017
Rent
£90,000 per Annum Exclusive
Status
Sold
Price
£1,320,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Motor Trade Investment

Let to Kwik-Fit (GB) Limited until 2030 (No breaks)
Approximately 0.13 hectares (0.32 acres) with 13 car parking spaces
Long term residential Redevelopment Potential (subject to consents)
Neighbouring occupiers include Johnsons Cleaners and Bathstore.com
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 63
Auction 30th March 2017
Rent £90,000 per Annum Exclusive
Status Sold
Price £1,320,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 45 miles north-west of Birmingham, 45 south of Manchester, 37 miles south-east of Chester
Roads: M6, A50, A52, A53
Rail: Stoke-on-Trent Railway Station
Air: Birmingham Airport; Manchester Airport

Situation

The property is prominently located on the south side of busy Brunswick Street (A52) and between North Street and Hanover Street, some 500 metres east of Newcastle-under-Lyme town centre. The A52 is a main arterial route between Stoke-on-Trent and Newcastle-under-Lyme. Nearby occupiers include Johnsons Cleaners and Bathstore.com.

Tenure

Freehold.

Location

Miles: 45 miles north-west of Birmingham, 45 south of Manchester, 37 miles south-east of Chester
Roads: M6, A50, A52, A53
Rail: Stoke-on-Trent Railway Station
Air: Birmingham Airport; Manchester Airport

Situation

Tenure

Freehold.

Description

The property, a single storey motorist centre, comprises integral office and ancillary accommodation and benefits from an eaves height of approximately 5m/17ft, five roller shutter doors and car parking to the front and side of the property for approximately 13 cars. The property also benefits from a site area of approximately 0.13 hectares (0.32 acres).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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	Reviews
Ground	Motorist Centre	730.76 sq m	(7,863 sq ft)	KWIK-FIT (GB) LIMITED (1)	25 years from 15/03/2005 until 2030 on a full repairing and insuring lease	£90,000	15/03/2020 15/03/2025
Totals		730.76 sq m	(7,863 sq ft)			£90,000

(1) Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 Centres (Source: www.kwikfit.com 24/02/2017). For the year ending 31st March 2016, Kwik-Fit (GB) Limited reported a turnover of £467,340,000, pre-tax profits of £21,308,000 and a total net worth of £63,648,000 (Source: Experian 24/02/2017).