Let to two individuals trading as Hannah's - an artisan cafe and coffee shop
Lease expires October 2027 (No breaks)
Prominent pedestrianised town centre location, close to Cannock Shopping Centre
Nearby occupiers include Boots the Chemist, Holland & Barrett, Greggs, Costa, JD Sports, JD Wetherspoon and Domino's
Lot 52
Auction 25th September 2024
Rent £22,000 per Annum Exclusive
Status Available
Guide* £150,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles south of Stafford, 16 miles north of Birmingham
Roads
A5, A34, A4601, M6 (Junction 11)
Rail
Cannock Railway Station
Air
Birmingham International Airport
Situation
The property is prominently situated on the north side of the pedestrianised Market Place, in the heart of the town centre, close to Cannock Shopping Centre. Nearby occupiers include Boots the Chemist, Holland & Barrett, Greggs, Costa, JD Sports, JD Wetherspoon and Domino's.
Tenure
Freehold.
Location
Miles
10 miles south of Stafford, 16 miles north of Birmingham
Roads
A5, A34, A4601, M6 (Junction 11)
Rail
Cannock Railway Station
Air
Birmingham International Airport
Situation
The property is prominently situated on the north side of the pedestrianised Market Place, in the heart of the town centre, close to Cannock Shopping Centre. Nearby occupiers include Boots the Chemist, Holland & Barrett, Greggs, Costa, JD Sports, JD Wetherspoon and Domino's.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First
Retail/Ancillary Ancillary
49.73 31.36
(535) (337)
E. ECCLESHALL & R. ROGERS (t/a Hannah's Cafe)
10 years from 21/10/2017 on a full repairing and insuring lease
£22,000
Total
81.09
(872)
£22,000
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.
