Freehold Convenience Store Investment
Freehold Convenience Store Investment
The property is situated in a predominantly residential area on the west side of Abbots road, approximately 3 miles north-east of the centre Stoke-on-Trent. Neighbouring occupiers include Co-op Food and a number of local traders.
Freehold.
The property is situated in a predominantly residential area on the west side of Abbots road, approximately 3 miles north-east of the centre Stoke-on-Trent. Neighbouring occupiers include Co-op Food and a number of local traders.
Freehold.
The property comprises a ground floor convenience store with Post Office .
VAT is not applicable to this lot.
Six Week Completion
See legal pack.
The property comprises a ground floor convenience store with Post Office .
VAT is not applicable to this lot.
Six Week Completion
See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 259.81 sq m |
(2,797 sq ft) |
MARTIN MCCOLL LIMITED (1) |
20 years from 19/07/2010 on a full repairing and |
£27,427 | Fixed increase to £30,282 p.a.x.from 19/07/2025 |
| Total |
259.81 sq m |
(2,797 sq ft) |
£27,427 | ||||
(1) For the year ending 25 November 2018, Martin McColl Limited reported a turnover of £835,333,000, pre-tax profits of £34,718,000 and shareholders funds of £218,271,000 (Source: NorthRow 13/11/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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