BY ORDER OF TRUSTEES
6 Week completion
Occupying a busy trading position in the main pedestrianised centre of the town, opposite Barclays and close to branches of Superdrug, WH Smith, Age UK, Costa Coffee, Co-Op Food and others plus a host of established local traders.
Stone is a Market Town located on the main A34 some 4 miles north of the M6 (Junction 14), 6 miles north of Stafford and 14 miles south of Stoke-on-Trent.
A terraced building comprising a Ground Floor Betting Shop with separate front access to Self-Contained Offices at first floor level. There is a rear service road which gives pedestrian access to the rear of the property which has an additional small shop front access and further benefits from a small section of land.
Ground Floor Shop
Gross Frontage 29'0"
Internal Width 21'7"
widening at rear to 31'0"
Shop Depth 56'3"
Built Depth 69'0"
Area Approx. 852 sq ft
Area Approx. 230 sq ft
Kitchen & WC
First Floor Offices
Not inspected (measurements taken from VOA)
Area Approx. 450 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Done Brothers (Cash Betting) Ltd t/a Betfred (having approx. 1,380 branches) (T/O for Y/E 25/09/16 £320.07m, Pre-Tax Profit £29.29m and Shareholders' Funds £35.29m) for a term of 15 years from 24th June 2002 at a current rent of £30,250 per annum exclusive.
Reversion 2017 (No Notices Served).
We understand that the lessee sublets the first floor offices at £3,000 p.a. to a charity.