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49 High Street, Newcastle under Lyme, ST5 1PN
1,157 Sq Ft / Retail / Retail - High Street
Withdrawn - Last updated: 27 August 2014
PRIME RETAIL INVESTMENT OPPORTUNITY
An excellently presented retail premises having been extensively refurbished in 2010 to accommodate the tenants business. The property is arranged over three floors (second floor unused) and benefits from a prime location in the pedestrianised part of the town centre.
Location
The unit enjoys a prime location in Newcastle town centre, and adjoins a range of national retailers. The High Street is pedestrianised and forms one of the principal retail areas within the town.
Accommodation
Ground floor
Sales area 384 sq ft
Depth 30’9” / Width 12’6”
Rear stores 280 sq ft
Kitchen 58 sq ft
WC -
First floor
Sales area 435 sq ft
WC -
TOTAL NIA 1,157 SQ FT
Terms
Available freehold, subject to contract.
Specification
The property is let to Wrights Pies (Shelton) Ltd by way of a FRI lease commencing 11th November 2010 for a term of 10 years with an upwards only rent review at the end of the 5th year. The rent passing is set at £XXX pax until review. Wrights Pies (Shelton) Ltd incorporated as a Limited company in 1953 and posted a year end (4th January 2012) turnover of £XXX million.
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