Substantial Retail Warehouse with Multi-Storey Undercroft Car parking for 487 Cars.
Prominent City Centre Location
Approximate Floor Area of 8,587.20 sq m (92,431sq ft) (1)
Approximate Site Area of 0.81 Hectares (2.00 Acres)
Suitable for Asset Management or Owner Occupiers
Capital Allowances Available (2)
Potential for Car Park to Produce Significant Income
Close to The Potteries Shopping Centre
Lot 16
Auction 18th May 2022
Vacant Possession
Status Sold
Price £810,000
Sector Retail Warehouse
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
30 miles west of Derby, 30 miles south of Manchester, 45 miles north of Birmingham
Roads
M6,A50, A52, A53, A500 (Queensway)
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation
Hanley is the principal retailing centre of Stoke on Trent, The property is prominently is situated on the main inner ring road (A5006) at the junction of Marsh Street North and New Hall Street and approximately 100 metres east of The Potteries Shopping Centre with 90+ stores including Clarks, H&M, JD Sports, Lush and Next.
Tenure
Freehold.
Location
Miles
30 miles west of Derby, 30 miles south of Manchester, 45 miles north of Birmingham
Roads
M6,A50, A52, A53, A500 (Queensway)
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation
Hanley is the principal retailing centre of Stoke on Trent, The property is prominently is situated on the main inner ring road (A5006) at the junction of Marsh Street North and New Hall Street and approximately 100 metres east of The Potteries Shopping Centre with 90+ stores including Clarks, H&M, JD Sports, Lush and Next.
Tenure
Freehold.
Description
The property comprises a substantial City Centre Retail Warehouse benefitting from three levels of undercroft car parking which can accommodate some 487 cars and benefits from a site area of approximately 8,587.20 sq m (92,431sq ft).
The property may be suitable for sub division and / or alternative uses including Warehouse, Leisure and Self Storage, subject to consents. The property may also be suitable for redevelopment, subject to consents. There are some structural defects to the car park, details of which are included in the Legal Pack.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial City Centre Retail Warehouse benefitting from three levels of undercroft car parking which can accommodate some 487 cars and benefits from a site area of approximately 8,587.20 sq m (92,431sq ft).
The property may be suitable for sub division and / or alternative uses including Warehouse, Leisure and Self Storage, subject to consents. The property may also be suitable for redevelopment, subject to consents. There are some structural defects to the car park, details of which are included in the Legal Pack.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground, Lower Ground and First Lower Ground
Retail Warehouse Car Park/Ancillary
8,587.20 sq m
(92,431sq ft)
VACANT POSSESSION
Total Approximate Floor Area
8,587.20 sq m
(92,431 sq ft) (1)
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) Capital Allowances may be available to a qualifying purchaser. See Legal pack.
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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