Two shops let to Superdrug and SENSE (a National Charity)
Shops recently let on new leases from January 2022 and August 2022
Re-based Rents (Superdrug previously let at £60,000 p.a.)
Approx 11,000 sq ft total
Lot 25
Auction 3rd November 2022
Rent £35,000 per Annum Exclusive (5)
Status Sold
Price £395,000
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 prominently situated on High Street close to its junction with Ironmarket and close to The Roebuck Shopping Centre. Neighbouring occupiers include Vue Cinema, JD Sports, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.
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 prominently situated on High Street close to its junction with Ironmarket and close to The Roebuck Shopping Centre. Neighbouring occupiers include Vue Cinema, JD Sports, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.
Tenure
Freehold.
Description
The property comprises two shops each arranged on the ground and first/second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises two shops each arranged on the ground and first/second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground First/Second
Retail Ancillary
293.95 275.42
(3,164) (2,965)
SENSE, THE NATIONAL DEAFBLIND AND RUBELLA ASSOCIATION (t/a SENSE) (2)
10 years from 13/01/2022 (3)
£15,000
13/01/2027 to RPI
Ground First/Second
Retail Ancillary
299.00 181.70
(3,218) (1,956)
SUPERDRUG STORES PLC(t/a Superdrug) (4)
5 years from 19/08/2022 (5)
£20,000 (5)
-
Total
1,050.07
(11,303)
£35,000
(1) Areas provided by VOA (www.gov.uk/business-rates) (2) Sense, The National Deafblind and Rubella Association, operate in over 100 stores across the UK (www.sense.org.uk) (3) The lease is subject to a tenant only option to determine on 12/01/2027. (4) Superdrug Stores plc operate in over 750 stores across the UK (www.superdrug.com) (5) The current rent reserved under the terms of the lease is £10,000 per annum rising to £20,000 per annum on 19/08/2023. The seller will pay the Buyer the difference between the current rent reserved and £20,000 per annum from completion of the sale until 19/08/2023. The lease is subject to a tenant only option to determine on 18/08/2025. If the tenant exercises their break option, the tenant must pay £5,000 as a break notice fee.
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.
