19-19a Victoria Street Crewe Cheshire CW1 2HF

19-19a Victoria Street
Crewe
Cheshire
CW1 2HF

High Yielding Freehold Retail Investment

Let to Waterstones Booksellers Limited
Includes trading accommodation at first floor
Pedestrianised position between entrances to both Victoria Centre and Market Centre Shopping Centres and close to the town's main car park
Nearby occupiers include Asda, Superdrug, Iceland, Holland & Barrett, Poundland, JD Sports and H Samuel
High yielding on Guide Price

Lot
48
Auction
24th October 2019
Rent
£55,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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High Yielding Freehold Retail Investment

Let to Waterstones Booksellers Limited
Includes trading accommodation at first floor
Pedestrianised position between entrances to both Victoria Centre and Market Centre Shopping Centres and close to the town's main car park
Nearby occupiers include Asda, Superdrug, Iceland, Holland & Barrett, Poundland, JD Sports and H Samuel
High yielding on Guide Price

Lot 48
Auction 24th October 2019
Rent £55,500 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 15 miles north-west of Stoke-on-Trent; 24 miles south-east of Chester
Roads: A530, A534, M6
Rail: Crewe
Air: Manchester Airport

Situation

Crewe is an important commercial centre and historic town in the affluent South Cheshire region. The town benefits from good road networks to the north and south being 5 miles west of junctions 16 and 17 of the M6 motorway. The town is also a proposed hub station on phase 2 of the HS2 rail line. The property is situated on the north side of the pedestrianised Victoria Street, Crewe's main retailing centre, at its junction with Queensway. The property is a few metres to both Victoria Square Shopping Centre and Market Centre, with retailers including Asda, Superdrug and Iceland. Other retailers in the area include Holland & Barrett, Poundland, JD Sports and H Samuel.

Tenure

Freehold.

Location

Miles: 15 miles north-west of Stoke-on-Trent; 24 miles south-east of Chester
Roads: A530, A534, M6
Rail: Crewe
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property is arranged on the ground and two upper floors to provide a ground floor shop with further sales accommodation on the first floor together with some ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

The property is arranged on the ground and two upper floors to provide a ground floor shop with further sales accommodation on the first floor together with some ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Retail Retail/Ancillary No access	146.40 sq m 109.30 sq m -	(1,576 sq ft) (1,177 sq ft) (-)	WATERSTONES BOOKSELLERS LIMITED (1)	25 years from 28/09/1996 until 27/09/2021 on a full repairing and insuring lease	£55,500
Total		255.70 sq m	(2,753 sq ft)			£55,500

(1) For the year ending 28th April 2018, Waterstones Booksellers Limited reported a turnover of £385,715,000, pre-tax profits of £19,984,000 and a total net worth of £17,405,000 (Source: Experian Group 23/09/2019). Waterstones now has over 280 book shops across the UK (Source: waterstones.com 23/09/2019).