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 36
Auction 21st July 2021
Rent £27,500 per Annum Exclusive
Status Sold
Price £222,000
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
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.
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
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
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.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square Manchester M2 3DE
