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
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.
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
C
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
C
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.
