65 High Street Newcastle-under-Lyme Staffordshire ST5 1PN

65 High Street
Newcastle-under-Lyme
Staffordshire
ST5 1PN

Freehold Retail Investment

Let to The Edinburgh Woollen Mill Limited
25 year lease expiring September 2024 (no breaks)
Pedestrianised town centre location opposite McDonald’s and near to Greggs
Roebuck Shopping Centre located nearby with retailers including Boots the Chemist and Iceland

Lot
43
Auction
14th February 2019
Rent
£80,000 per Annum Exclusive
Status
Sold
Price
£600,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to The Edinburgh Woollen Mill Limited
25 year lease expiring September 2024 (no breaks)
Pedestrianised town centre location opposite McDonald’s and near to Greggs
Roebuck Shopping Centre located nearby with retailers including Boots the Chemist and Iceland

Lot 43
Auction 14th February 2019
Rent £80,000 per Annum Exclusive
Status Sold
Price £600,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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

The property is situated on the northern side of the pedestrianised High Street, the town’s principal retail thoroughfare and close to Castle Walk shopping thoroughfare together with the town’s principal bus station. The Roebuck Shopping Centre is located less than 100 metres away, housing retailers including Boots the Chemist, Iceland and Clarks. Other nearby occupiers include Greggs, Superdrug, Ryman, WH Smith and McDonald’s, with the town’s market also being held on High Street.

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

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

Band D. Please see the legal pack at acuitus.co.uk

Description

The property comprises a well configured ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

Band D. Please see the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second	Retail/Ancillary Ancillary Ancillary	261.30 sq m 121.10 sq m 141.20 sq m	(2,813 sq ft) (1,304 sq ft) (1,520 sq ft)	THE EDINBURGH WOOLLEN MILL LIMITED (1)	25 years from 24/09/1999 until 23/09/2024 on a full repairing and insuring lease	£80,000	24/09/2019
Total		523.60 sq m	(5,637 sq ft)			£80,000

(1) For the year ending 25th February 2017, The Edinburgh Woollen Mill Limited reported a turnover of £592,120,000, pre-tax profits of £83,836,000 and a total net worth of £305,824,000 (Source: Experian Group 10/01/2019). 400 retail stores nationwide (Source: www.ewm.co.uk).