11 Market Place and 5 Derby Street Leek Staffordshire ST13 5HH

11 Market Place and 5 Derby Street
Leek
Staffordshire
ST13 5HH

Freehold Town Centre Retail Investment

Let to Ladbrokes Betting and Gaming Limited t/a Coral on a Renewed Lease Until 2027 (No Breaks)
Retail Frontages to Market Place and Derby Street.
Unit has traded as Corals since at least 2010.
Prominent Town Centre location
Neighbouring occupiers include Boots, Superdrug, Iceland, Specsavers and WH Smith

Lot
39
Auction
22nd September 2022
Rent
£19,500 per Annum Exclusive
Status
Sold
Price
£205,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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Freehold Town Centre Retail Investment

Let to Ladbrokes Betting and Gaming Limited t/a Coral on a Renewed Lease Until 2027 (No Breaks)
Retail Frontages to Market Place and Derby Street.
Unit has traded as Corals since at least 2010.
Prominent Town Centre location
Neighbouring occupiers include Boots, Superdrug, Iceland, Specsavers and WH Smith

Lot 39
Auction 22nd September 2022
Rent £19,500 per Annum Exclusive
Status Sold
Price £205,000
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: Leek Railway Station
Air: East Midlands Airport and Manchester Airport

Situation

The property is located at the heart of Leek Town Centre at the busy junction of Market Place and Derby Street with Retail frontages on both. Both. Neighbouring occupiers include Boots, Superdrug, Specsavers, Wilko and WHSmiths.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property comprises an attractive and historic Grade 2 listed building with a frontage to Market Place and Derby Street. The property comprises self contained betting shop on the ground floor with basement ancillary accommodation. The First and Second floors are self contained accommodation which are accessed separately from Market Place.

VAT

VAT is not applicable to this lot.

EPC

Description

VAT

VAT is not applicable to this lot.

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground Basement	Retail Ancillary	116.50 53.50	1253 575	LADBROKES BETTING & GAMING LIMITED (CRN 00775667) (1)	5 Years from 01/02/2022 until 31/01/2027	£19,500
First Second	Office Office	Not Measured	Not Measured	Individual	999 years from 24/06/2017	Peppercorn	(23/06/3016)
Total Approximate Floor Area		170.00 (2)	1828			£19,500

(1) Ladbrokes Betting and Gaming Limited (CRN 00775667) were incorporated in October 1963. Ladbrokes Betting & Gaming Limited employs 15,000 people in six countries and is one of the world’s leading betting and gaming enterprises. Ladbrokes is a market leader in retail bookmaking in the UK, Ireland, Belgium and Spain where it operates a combined total of more than 2,700 betting shops. Ladbrokes is a part of Entain plc (LSE: ENT) - one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector and a FTSE 100 company. The Group employs a workforce of more than 25,000, in 20 offices across five continents.
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

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.