Kwik Fit 80 Brunswick Street Newcastle under Lyme ST5 1HL

Kwik Fit
80 Brunswick Street
Newcastle under Lyme
ST5 1HL

Freehold Motor Trade Investment

Let to Kwik-Fit (GB) Limited until 2030 (no breaks)
Open Market Rent Reviews in 2020 and 2025
Approximately 0.13 hectares (0.32 acres) with 13 car parking spaces
Long term residential redevelopment potential (subject to consents)
Neighbouring occupiers include Johnsons the Cleaners and Bathstore

Lot
10
Auction
24th October 2019
Rent
£90,000 per Annum Exclusive
Status
Sold
Price
£1,375,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Motor Trade Investment

Let to Kwik-Fit (GB) Limited until 2030 (no breaks)
Open Market Rent Reviews in 2020 and 2025
Approximately 0.13 hectares (0.32 acres) with 13 car parking spaces
Long term residential redevelopment potential (subject to consents)
Neighbouring occupiers include Johnsons the Cleaners and Bathstore

Lot 10
Auction 24th October 2019
Rent £90,000 per Annum Exclusive
Status Sold
Price £1,375,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 45 miles north-west of Birmingham; 45 miles 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 the Cleaners and Bathstore.com.

Tenure

Freehold.

Location

Miles: 45 miles north-west of Birmingham; 45 miles 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

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Ground	Motorist Centre	730.76 sq m	(7,863 sq ft)	KWIK-FIT (GB) LIMITED (1)	25 years from 15/03/2005 on a full repairing and insuring lease (2)	£90,000	15/03/2020 and 15/03/2025 (14/03/2030)
Total		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 suppliers of tyres in the country and carry stocks of over 600,000 products in over 600 centres in the UK (Source: www.kwik-fit.com 25/09/2019). For the year ending 31st March 2018, Kwik-Fit (GB) Limited reported a turnover of £481,661,000, pre-tax profits of £54,371,000 and a total net worth of £125,764,000 (Source: Experian 25/09/2019).
(2) The lease is subject to a schedule of condition.