41 a-c High Street Stone Staffordshire ST15 8AD

41 a-c High Street
Stone
Staffordshire
ST15 8AD

Freehold Retail Parade Investment

Let to Superdrug Stores Plc and TUI UK Limited (with vacant shop under offer) (3)
Approximately 596.41 sq m (6,420 sq ft) with rear servicing/parking
Asset management opportunities
VAT-free investment
Nearby retailers include Costa Coffee, WHSmith and Boots the Chemist

Lot
49
Auction
24th October 2019
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£540,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Retail Parade Investment

Let to Superdrug Stores Plc and TUI UK Limited (with vacant shop under offer) (3)
Approximately 596.41 sq m (6,420 sq ft) with rear servicing/parking
Asset management opportunities
VAT-free investment
Nearby retailers include Costa Coffee, WHSmith and Boots the Chemist

Lot 49
Auction 24th October 2019
Rent £50,000 per Annum Exclusive
Status Sold
Price £540,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 7 miles north of Stafford; 8 miles south of Stoke-on-Trent; 35 miles north-west of Birmingham
Roads: A34, A51, A520, M6
Rail: Stone
Air: Manchester Airport, Birmingham Airport

Situation

Stone is an attractive market town located midway between Stoke-on-Trent and Stafford, some 30 miles north of central Birmingham in the county of Staffordshire. The property is situated on the north side of the pedestrianised High Street in a prominent town centre location, opposite Market Place, with nearby occupiers including Costa Coffee, WHSmith and Boots the Chemist.

Tenure

Freehold.

Location

Miles: 7 miles north of Stafford; 8 miles south of Stoke-on-Trent; 35 miles north-west of Birmingham
Roads: A34, A51, A520, M6
Rail: Stone
Air: Manchester Airport, Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises three ground floor shops, each with ancillary accommodation on the first floor. The property benefits from shared access to a service yard to the rear for both pedestrians and vehicles.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is not 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	Retail Ancillary	219.72 sq m 185.15 sq m	(2,365 sq ft) (1,993 sq ft)	SUPERDRUG STORES PLC (1)	5 years from 25/03/2017 until 24/03/2022	£35,000
Ground First	Retail Ancillary	64.80 sq m 28.10 sq m	(698 sq ft) (302 sq ft)	TUI UK LIMITED (2)	24 years from 02/11/1992 until 01/11/2016 (Holding Over)	£15,000
Ground First	Retail Ancillary	74.14 sq m 24.50 sq m	(798 sq ft) (264 sq ft)	UNDER OFFER (3)	-	-
Totals		596.41 sq m	(6,420 sq ft)			£50,000

(1) For the year ending 29th December 2018, Superdrug Stores Plc reported a turnover of £1,283,161,000, pre-tax profits of £88,339,000 and a total net worth of £178,525,000 (Source: Experian Group 13/09/2019).
(2) For the year ending 30th September 2018, TUI UK Limited reported a turnover of £5,177,000,000, pre-tax profits of £289,000,000 and a total net worth of £666,000,000 (Source: Experian Group 13/09/2019).
(3) Heads of Terms have been agreed for a bar operator to occupy the premises for a 5 year term, subject to a tenant option to determine at year 3 at a commencing rent of £12,500 per annum; solicitors are instructed to complete the new letting - please see legal documentation.