Comprises three shops, each arranged on ground, first & second floors
Shops let to Oxfam and PDSA, plus one vacant shop
Between The Roebuck and Castle Walk Shopping Centres
Nearby occupiers include Caffé Nero, Loungers, Toni&Guy, Coral and Halifax Bank.
Immediate Asset Management Opportunities
Lot 18
Auction 18th May 2022
Rent £36,250 per Annum Exclusive (2), plus one vacant shop.
Status Sold
Price £360,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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 pedestrianised Ironmarket, between The Roebuck and Castle Walk Shopping Centres. Other nearby occupiers include Caffé Nero, Loungers, Toni&Guy, Coral and Halifax Bank.
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 pedestrianised Ironmarket, between The Roebuck and Castle Walk Shopping Centres. Other nearby occupiers include Caffé Nero, Loungers, Toni&Guy, Coral and Halifax Bank.
Tenure
Freehold.
Description
The property comprises three shops each arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
See legal pack.
Description
The property comprises three shops each arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
See legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
54 Ironmarket
Ground First Second
Retail/Ancillary Ancillary Ancillary
150.60 sq m 44.90 sq m 43.60 sq m
(1,621 sq ft) (483 sq ft) (469 sq ft)
VACANT
-
-
55 Ironmarket
Ground First Second
Retail/Ancillary Ancillary Ancillary
101.20 sq m 38.70 sq m 40.80 sq m
(1,089 sq ft) (417 sq ft) (439 sq ft)
OXFAM
5 years from 24/02/2020 (1)
£18,750
55A Ironmarket
Ground First Second
Retail/Ancillary Ancillary Ancillary
103.40 sq m 39.40 sq m 41.20 sq m
(1,113 sq ft) (424 sq ft) (443 sq ft)
THE PEOPLE'S DISPENSARY FOR SICK ANIMALS
5 years from 28/02/2017 (holding over) (2)
£17,500
Total
603.90 sq m
(6,498 sq ft)
£36,250 (2) plus one vacant shop
(1) The lease is subject to a tenant option to determine on 19/10/2022. (2) The tenant is currently holding over on a lease that expired on 27/02/2022. A Lease Renewal has been agreed for a term of 5 years with a tenant only break option at year 3 and a rent of £11,000 pa for years 1 & 2; £14,000 pa for years 3 & 4 and £17,000 pa in year 5. Heads of terms are agreed and solicitors are instructed.
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.
