Newcastle-under-Lyme – 75-79 Oxford Road, Basford ST5 0QB Freehold Shop & Residential Investment Newcastle-under-Lyme – 75-79 Oxford Road, Basford ST5 0QB Freehold Shop & Residential Investment Investment Consideration: ▪ Purchase Price: £400,000 ▪ Gross Initial Yield: 6.66% ▪ Rental Income: £26,640 p.a. ▪ VAT is NOT applicable to this property ▪ Comprising convenience store on the ground floor and two large flats on the first floor ▪ Commercial unit break clause in 2020 not exercised ▪ Flats refurbished in 2012. Residential tenants in occupation since 2012 ▪ Roof on the rear of the property replaced in 2019 ▪ The property is located in predominantly residential area, while Etruria Trading Estate is ½ mile away occupying tenants such as Pure Gym, Screwfix, Dreams, BSS, amongst others. Tenancies and Accommodation: Property Accommodation Lessee & Trade Term Current Rent £ p.a. Notes No. 75-79 Shop: 179.00 sq m (1,926 sq ft) McColl's* 10 Years from £16,500 Note 1: Effectively FRI (Ground Floor) 1 November 2015 Note 2:Break clause in 2020 not exercised Note 3: Rent review every fifth year No. 75a Flat: 134.00 sq m (1,442 sq ft) Individual 12 Months £5,220 Note 1: AST (First Floor) (Holding Over) No. 77 Flat: 55.00 sq m (592 sq ft) Individual 12 Months £4,920 Note 1: AST (First Floor) (Holding Over) * On assignment from the Co-operative Group Total £26,640 Newcastle-under-Lyme – 75-79 Oxford Road, Basford ST5 0QB Freehold Shop & Residential Investment Property Description: The property is arranged as a convenience store on the ground floor and two separately accessed flats on the first floor. The property provides the following accommodation and dimensions: Ground Floor: 179.00 sq m (1,926 sq ft) First Floor: Flat No. 75A 134.00 sq m (1,442 sq ft) Flat No. 77 55.00 sq m (592 sq ft) Tenancy: The ground floor convenience store is at present let to McColl’s for a term of 10 years from 1st November 2015 at a current rent of £16,500 per annum and the lease contains effectively full repairing and insuring covenants. The lease provides for rent review every fifth year. Break clause in 2020 not exercised. The first floor flat (No.75a) is at present let to an individual on AST for a term of 12 months (Holding Over) at a current rent of £5,220 per annum. The first floor flat (No.77) is at present let to an individual on AST for a term of 12 months (Holding Over) at a current rent of £4,920 per annum. The residential tenants have been in occupation since 2012. Newcastle-under-Lyme – 75-79 Oxford Road, Basford ST5 0QB Freehold Shop & Residential Investment Location: Newcastle-under-Lyme is a market town in Staffordshire, England with a population of 75,082. The town is served by the M6 motorway to the south and west of Newcastle and by the A500 road to the north and east. There are access points from the M6 at junctions 15 and 16, to the south and north respectively. The A34 trunk road runs through Newcastle from north to south and was the main road between Birmingham and Manchester until the M6 motorway opened. There is a large bus station in the town centre. The property is located in predominantly residential area, while Etruria Trading Estate is ½ mile away occupying tenants such as Pure Gym, Screwfix, Dreams, BSS , amongst others. Newcastle-under-Lyme – 75-79 Oxford Road, Basford ST5 0QB Freehold Shop & Residential Investment Contacts: To view copies of the leases, information on the title, other information, please contact Joseph Bachman or Prash Jaitley. Joseph Bachman – COO Prash Jaitley – Managing Partner M: +44(0)77236 19270 M: +44(0)79618 53166 E: [email protected] E: [email protected] Address: Blue Alpine Partners Limited Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. .