PDF - Carter Towler

FOR SALE
VIRTUAL FREEHOLD TOWN CENTRE SHOP
INVESTMENT
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Let to Cash Converters (UK) Limited
Occupiers close by include NatWest, Sainsburys,
Ladbrokes and Heron Frozen Foods
Lease expires 2021, subject to tenants break option
Rent review 2016
Current gross rent reserved £12,000 p.a.x.
20-22 CAMPBELL PLACE
STOKE ON TRENT
ST4 1LX
20-22 Campbell Place, Stoke on Trent
LOCATION
The city of Stoke-on-Trent has a population in excess of 266,000 and is a major
employment centre located midway between Birmingham and Manchester immediately
adjacent to the M6 motorway (Junction 15). The city is well know for its industrial base in
the pottery industry and was created by the amalgamation of the former Stoke-on-Trent
and the towns of Burslem, Fenton, Hanley, Tunstall and Longton in 1910. The property is
situated on the eastern side of Campbell Place, close to its junction with Church Street.
Occupiers close by include Ladbrokes, Bargain Buys, Coral, Card Factory, NatWest,
Maplin, Blockbuster, Barclays and Sainsburys.
DESCRIPTION
The property is arranged on basement and ground floors only to provide a ground floor
shop with ancillary accommodation to the basement. The property forms part of a larger
building the remainder of which does not form part of the sale.
ACCOMMODATION
The property provides the following accommodation and dimensions: Gross Frontage
Net Frontage
Shop and Built Depth
7.5m
7.4m
13.9m
(24’ 7”)
(24’ 4”)
(49’ 7”)
Basement
144 sq.m
(1,551 sq.ft.)
TENURE
Long leasehold. To be held for a term of 999 years from completion at a peppercorn rent.
TENANCY DETAILS
The property is let to Cash Converters (UK) Limited for a term of 10 years from the 3
January 2011 at a current of £12,000 per annum exclusive of rates. The Lease provides
for rent reviews every fifth year of the term and contains effectively full repairing and
insuring covenants. The Lease contains a tenants break option at the end of the fifth
year.
20-22 Campbell Place, Stoke on Trent
COVENANT INFORMATION
No. of Branches:
480 stores worldwide
Website Address:
www.cashconverters.co.uk
For the year ended 30 June 2012, Cash Converters UK Ltd reported a turnover of £50.1M
(previous year £34.0M), a pre-tax profit of £910,000 (previous year £360,000), and
shareholders funds of £2.579M (previous year £2.325M).
PRICE
Offers in the region of £150,000. Each party to be responsible for their own legal costs in
the transaction.
VAT
The property is VAT elected and therefore VAT will be applicable to the purchase price.
EPC
The property has an Energy Performance Asset Rating of Band E.
A copy of the Energy Performance Certificate is available on request.
FURTHER INFORMATION / VIEWING
Via the selling agents - contact David Towler. Te: 0113 2451447
[email protected]
(Reference CDT.CM.11535)
Details updated October 2015
20-22 Campbell Place, Stoke on Trent