Property Details
Pugh Auctions
Lot 141
Lot 141
Auction: February 2017

41-51a Queen Street, Burslem, Stoke On Trent, ST6 3EH

Property Placeholder
Withdrawn
Property Details
Location

The property is located within the town centre, with Queen Street being accessed from the A50. Burslem lies approximately 6 miles east of Junction 16 of the M6 and approximately 2.5 miles north of Stoke On Trent.

Description

Three storey property comprising six retail units over ground and first floors, with office accommodation to the second floor. One of the retail units is vacant.

Planning

Interested parties should consult direct with the Local Planning Office, Stoke on Trent City Council, Civic Centre, Glebe Street, Stoke on Trent ST4 1RN. Tel: 01782 234 567.

Tenancy

Unit Tenant Agreement Rent 41 Queen Street Boots the Chemist Ltd 63 year lease from 24/06/1964 ú11,000 pa 43 Queen Street Vacant - - 45 Queen Street Nusyte Optical Group 5 year lease from 06/04/2015 ú6,750 pa 47 Queen Street Samaritans 5 year lease from 11/11/16 ú4,000 pa 49 Queen Street Corben Travel 6 year lease from 24/06/2010 (holding over) ú7,000 pa 51 Queen Street Individual 5 year lease from 22/03/16 ú7,000 pa 51A Queen Street Bryn Pickett 1 year lease from 01/08/14 (holding over) ú4,680 pa

VAT

VAT is payable in addition to the purchase price.

Addendum

VAT is payable in addition to the purchase price. Boots have now vacated the unit they lease at this property, although their lease does not expire for another 10 years. They have offered to pay a premium of ú85,000 plus vat in full and final settlement to surrender the lease "subject to contract and without prejudice". For the avoidance of doubt this offer is not contractually binding on the tenant and any purchaser would have to enter into their own negotiations.

Property Location Address:
41-51a Queen Street,
Burslem,
Stoke On Trent,
ST6 3EH
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Auction Details
Auction: February 2017 Date: 21st February 2017 Lot Number: 141 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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