58 High Street Newcastle Under Lyme Staffordshire ST5 1QE

58 High Street
Newcastle Under Lyme
Staffordshire
ST5 1QE

Town Centre Freehold Bank on a New 5 year lease and Office Investment

Ground Floor let to Santander UK PLC let on a New 5 year lease (NO Breaks)
Bank Lease renewal from 25th December 2020
VAT-free Investment
Upper floor offices part let and part vacant

Lot
41
Auction
16th June 2021
Rent
£27,500 per Annum Exclusive
Status
Archive
Price
Auction Venue
Live Streamed Auction
On Instructions of a Major Property Company

Important Update Interested?

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Town Centre Freehold Bank on a New 5 year lease and Office Investment

Ground Floor let to Santander UK PLC let on a New 5 year lease (NO Breaks)
Bank Lease renewal from 25th December 2020
VAT-free Investment
Upper floor offices part let and part vacant

Lot 41
Auction 16th June 2021
Rent £27,500 per Annum Exclusive
Status Archive
Price
Sector
Bank
Auction Venue
Live Streamed Auction
On Instructions of a Major Property Company

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 south side of the pedestrianised High Street, in a prominent position at its junction with Ironmarket and close to the Roebuck Shopping centre. Neighbouring occupiers include Lloyds Bank, RBS, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.

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 ground floor bank with separately accessed office accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.newcastle-staffs.gov.uk

Viewings

There will be no internal viewings of the Bank due to Covid-19. Access to the upper floors, please email: alexander.auterac@acuitus.co.uk

Completion Period

Six Week Completion

EPC

See legal pack as www.acuitus.co.uk

Description

The property comprises a ground floor bank with separately accessed office accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Planning

Viewings

There will be no internal viewings of the Bank due to Covid-19. Access to the upper floors, please email: alexander.auterac@acuitus.co.uk

Completion Period

Six Week Completion

EPC

See legal pack as www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Banking	151.12 sq m	(1,626 sq ft)	SANTANDER UK PLC (1) (2)	5 years from 25/12/2020	£21,250	(24/12/2025)
First	Office	95.4 sq m	(1,026 sq ft)	KoKo Digital Limited	Tenancy at Will	£6,250
Second	Office	94.7 sq m	(1,019 sq ft)	Vacant

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) Please note this branch is on Santander's bank closure list announced on 26 March 2021

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.