54/55/55a Ironmarket Newcastle Under Lyme Staffordshire ST5 1PE

54/55/55a Ironmarket
Newcastle Under Lyme
Staffordshire
ST5 1PE

Freehold High Yielding Retail Parade Investment

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
Auction Venue
Live Streamed Auction

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Freehold High Yielding Retail Parade Investment

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

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.