Specsavers, 9 Derby Street Leek Staffordshire ST13 6HN

Specsavers, 9 Derby Street
Leek
Staffordshire
ST13 6HN

Freehold Retail Investment

Let to Specsavers Optical Stores Limited
Excellent trading location on the pedestrianised Derby Street
September 2022 break option not exercised
Specsavers have occupied the property since 2002
Comprises 179.53 sq. m. (1,932 sq. ft.) over ground and first floors
Nearby retailers include Superdrug, Boots the Chemist, WHSmith and HSBC

Lot
37
Auction
22nd September 2022
Rent
£24,000 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Specsavers Optical Stores Limited
Excellent trading location on the pedestrianised Derby Street
September 2022 break option not exercised
Specsavers have occupied the property since 2002
Comprises 179.53 sq. m. (1,932 sq. ft.) over ground and first floors
Nearby retailers include Superdrug, Boots the Chemist, WHSmith and HSBC

Lot 37
Auction 22nd September 2022
Rent £24,000 per Annum Exclusive
Status Sold
Price £350,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles north-east of Stoke-on-Trent, 28 miles north-west of Derby
Roads: A53, A523
Rail: Stoke on Trent Railway Station
Air: East Midlands Airport

Situation

The property occupies a prominent position on the northern side of the pedestrianised Derby Street, close to its junction with Sheep Street, in the heart of Leek town centre. Nearby occupiers include Superdrug, Boots the Chemist, WHSmith and HSBC. There is a public car park to the rear of the property providing approximately 90 spaces. https://w3w.co/scrambles.saints.riot

Tenure

Freehold.

Location

Miles: 10 miles north-east of Stoke-on-Trent, 28 miles north-west of Derby
Roads: A53, A523
Rail: Stoke on Trent Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a mid-terraced building with ground floor retail accommodation and further ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a mid-terraced building with ground floor retail accommodation and further ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

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	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Retail Ancillary	108.90 70.63	(1,172) (760)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (1) (t/a Specsavers)	10 years from 16/09/2017 and expiring 15/09/2027	£24,000	16/09/2022 (2)
Totals		179.53	(1,932)			£24,000

(1) Specsavers have been a family-run business for over 35 years and provide the best value optometry, audiology and other healthcare service. They trade from the UK, Ireland, Netherlands, Norway, Sweden, Denmark, Finland, Spain, Australia and New Zealand, employing over 38,000 people who work across 2,293 stores (Source: Specsavers.co.uk 10/08/2022).
For the year ending 31st December 2021, Specsavers Optical Superstores Limited reported a turnover of £2,738,227,000, a pre-tax profit of £441,528,000 and shareholder funds of £218,231,000 (Source: NorthRow Company Report 10/08/2022)
(2) The tenant did not exercise their break option due on 15th September 2022.

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.