23 Ironmarket Newcastle-under-Lyme Staffordshire ST5 1RH

23 Ironmarket
Newcastle-under-Lyme
Staffordshire
ST5 1RH

Freehold High Yielding Retail Investment

Entirely let to tenant trading as The Royal Orchid
Ground, First and Second Floor accommodation totalling 107.40 sq. m. (1,155 sq. ft.)
Situated in prime pedestrianised zone of Ironmarket
Opposite the busy Castle Walk Shopping Area
Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James
Imminent Asset Management Opportunities
VAT Free Investment

Lot
47
Auction
9th May 2024
Rent
£18,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold High Yielding Retail Investment

Entirely let to tenant trading as The Royal Orchid
Ground, First and Second Floor accommodation totalling 107.40 sq. m. (1,155 sq. ft.)
Situated in prime pedestrianised zone of Ironmarket
Opposite the busy Castle Walk Shopping Area
Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James
Imminent Asset Management Opportunities
VAT Free Investment

Lot 47
Auction 9th May 2024
Rent £18,000 per Annum Exclusive
Status Sold Prior
Price
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 located in the heart of Newcastle- under-Lyme's pedestrianised town centre on the northern side of Ironmarket, opposite it's junction with Castle Walk. The main bus terminal of Newcastle-under- Lyme can be directly accessed via Castle Walk. Nearby occupiers include New Look, Cancer Research, Claire's, Super Cuts and Warren James.

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 a ground floor beauty salon and and treatment rooms with office/ ancillary accommodation on the first and second floors. The property also benefits from a rear yard, accessed via Merrial Street.

VAT

VAT is not 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

VAT

VAT is not 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	Tenant	Term	Rent p.a.x.
Ground First Second	Beauty Salon Office/ Ancillary Office/ Storage	36.90 37.20 33.30	(397) (400) (358)	PKG Products LLP (T/a The Royal Orchid)	6 Years from 08/11/2019 until 07/11/2025 (2)	£18,000
Total Approximate Floor Area		107.40	(1,155) (1)			£18,000

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) The tenant did not exercise their break option on 08/11/2022.

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.