Former Wilko, Chell Road and Broad Street Stafford Staffordshire ST16 2DB

Former Wilko, Chell Road and Broad Street
Stafford
Staffordshire
ST16 2DB

Substantial Town Centre Retail Warehouse

Substantial Retail Warehouse and 200 Space Car Park
Approximately 2,657.90 sq m (28,610 sq ft) with a Site Coverage of 25%
Active Management Opportunity
Central Location 100m from Guildhall Shopping Centre
Nearby Occupiers include Sainsbury's, Home Bargains, ALDI, Boots, Greggs, Starbucks and an Eclectic Mix of Local Retailers

Lot
41
Auction
25th September 2024
Rent
£204,984 per Annum Exclusive
(2)
Status
Sold
Price
£310,000
Auction Venue
Live Streamed Auction
On Behalf of a REIT.

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Substantial Town Centre Retail Warehouse

Substantial Retail Warehouse and 200 Space Car Park
Approximately 2,657.90 sq m (28,610 sq ft) with a Site Coverage of 25%
Active Management Opportunity
Central Location 100m from Guildhall Shopping Centre
Nearby Occupiers include Sainsbury's, Home Bargains, ALDI, Boots, Greggs, Starbucks and an Eclectic Mix of Local Retailers

Lot 41
Auction 25th September 2024
Rent £204,984 per Annum Exclusive (2)
Status Sold
Price £310,000
Sector
Retail
Auction Venue
Live Streamed Auction
On Behalf of a REIT.

Property Information

Location

Miles: 22 miles north of Birmingham, 13 miles south of Stoke-on-Trent
Roads: M6, A518, A34
Rail: Stafford Railway Station
Air: Birmingham International Airport

Situation

Stafford is a popular county town and the administrative centre of Staffordshire. The property is situated between the south side of Chell Street (the town's principle thoroughfare) and Market Square. Guildhall Shopping Centre is 100m away with other nearby occupiers including Sainsbury's, Home Bargains, ALDI, Boots, Greggs, Starbucks and an eclectic mix of local retailers.

Tenure

Long Leasehold. Held from The Council of The Borough of Stafford for a term of 99 years from 29/08/1978 until 2077 at a fixed peppercorn rent.

Location

Miles: 22 miles north of Birmingham, 13 miles south of Stoke-on-Trent
Roads: M6, A518, A34
Rail: Stafford Railway Station
Air: Birmingham International Airport

Situation

Tenure

Long Leasehold. Held from The Council of The Borough of Stafford for a term of 99 years from 29/08/1978 until 2077 at a fixed peppercorn rent.

Description

The property comprises a Retail Warehouse with retail accommodation on the ground floor and ancillary accommodation on the first floor and benefits from a site area of approximately 0.60 hectares (1.47 Acres) with a site coverage of 25% and a car park with approximately 200 car parking spaces.

The Retail Warehouse building may be suitable for other uses including Storage, subject to obtaining consents.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Reversion
Ground and First	Retail	2,657.90	(28,610)	WILKO RETAIL LIMITED (CRN: 11121294) in administration (2)	10 years from 19/06/2017	£204,984	18/06/2027
Ground	Car Park	200 Car Spaces	-	THE COUNCIL OF THE BOROUGH OF STAFFORD	98 years from 02/06/1979	Peppercorn	01/06/2078
Total Approximate Floor Area		2,657.90	(28,610)			£204,984

(1) The above floor areas have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/313417000)
(2) Wilko Retail Limited are in Administration and the Administrators have not been paying the rent.

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.