Location Estimated Resident Population: 20,000 Miles: 16 miles north-east of Stafford 16 miles south-east of Stoke-on-Trent 19 miles west of Derby
Roads: A50, A518
Position The property is situated at the southern side of the town centre off Market Place/Queen Street with access from Bridge Street and Trinity Road. A 100 space public car park is located adjacent to the property.
Nearby: JDWetherspoon, Betfred, Boots the Chemist, Greggs, HSBC and NatWest banks
Description FIVE SHOPS and a DENTAL SURGERY arranged on the ground floor only. The property benefits from a parking and loading area.
Present Accommodation (approximate areas) (1) Unit
Floor Accommodation Unit A Ground Sales/Ancillary Approximate Internal Areas Tenant
1,590.91 sq m (17,125 sq ft) SOMERFIELD PROPERTY COMPANY LIMITED (2)
Unit 1 Ground Sales/Ancillary Unit 2 Ground Sales/Ancillary Unit 3 Ground Sales/Ancillary Unit 4 Ground Sales/Ancillary
Unit 5 Ground Dental Surgery/ Ancillary
81.75 sq m 78.96 sq m 83.14 sq m 79.89 sq m 79.89 sq m
(880 sq ft) RWALKER (t/a Trinity Bakers)
(850 sq ft) R UFTON (t/a Country Meats)
(895 sq ft) S & R ELEFTHERIOU (t/a Uttoxeter Fish Bar)
(860 sq ft) FRANCESCO GROUP (HOLDINGS) LIMITED (4)
(860 sq ft) WHITECROSS DENTAL CARE LTD (5) with a guarantee from INTEGRATED DENTAL HOLDINGS LIMITED
Unit 6 Ground Dental Surgery/ Ancillary
91.50 sq m
(985 sq ft) WHITECROSS DENTAL CARE LTD (5) with a guarantee from INTEGRATED DENTAL HOLDINGS LIMITED
Total Commercial Area 2,086.04 sq m (22,455 sq ft) Term
35 years from 29th September 1986 with a rent review in 2016
25 years from 29th September 1986 (Holding over)
25 years from 24th June 1988
20 years from 14th July 2006 with rent reviews in 2016 and 2021 (3)
25 years from 1st August 1988
25 years from 29th September 1988
Rent £ p.a. £114,500
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
NB. This property is being marketed on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
£8,000 £8,500 £9,500 £8,375 £8,850
Rent £167,139 pa
ON THE INSTRUCTIONS OF D J WHITEHOUSE AND S MUNCASTER OF DUFF AND PHELPS ACTING AS JOINT FIXED CHARGE RECEIVERS
Modern Freehold Shopping Precinct
25 years from 29th September 1988
£9,414
Investment • Fully let retail precinct
Total Rent
(3) There is a tenant’s option to break in 2016. (4) The property has been sublet. (5) For the year to 04/11, Whitecross Dental Care Limited reported a turnover of £103.7 million, pre-tax profits of £9.2 million and total assets of £166.3 million. (Source: One Source One-Stop Report)
£167,139
(1) Areas provided by the Vendor. (2) For the year to 01/10, Somerfield Property Co Ltd reported a turnover of £29.4 million, pre-tax profits of £34.9 million and a net worth of £497 million (Source: One Source One-Stop Report). The property has been sublet to The Original Factory Shop Limited from 5th June 2006 to 25th September 2021.
• Majority let to Somerfield Property Company Limited until 2021 (sublet)
• Other tenants include a Baker, Butcher and Dentist
• Asset management opportunities • Popular Staffordshire market town
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at
www.cbre.co.uk/auctions. Seller’s Solicitor Hill Dickinson LLP. t: 0151 600 8471. e:
victoria.lowe@hill.dickinson.com Ref: Ms V Lowe.
55
LOT 40
A
DENTAL SURG
FRANCESCO FISH BAR
2
LOADING AREA
THE ORIGINAL FACTORY SHOP HOUSEHOLD GOODS
TRINITY SQUARE
5-6 4 3
TRINITY BAKERS
COUNTRY MEATS
MARKET PLACE
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