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Lot 27
42–44 High Street, Stone, Staffordshire ST15 8AU

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* Reserve below

£275,000

BY ORDER OF TRUSTEES
6 Week completion

SITUATION

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.

PROPERTY

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.

ACCOMMODATION

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
2 WCs

Upper Level
Area Approx. 230 sq ft
Kitchen & WC

First Floor Offices
Not inspected (measurements taken from VOA)
Area Approx. 450 sq ft
2 WCs

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

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).

Note

We understand that the lessee sublets the first floor offices at £3,000 p.a. to a charity.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.