26 Market Street, Crewe, Cheshire CW1 2EL
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 24 Click here for addendum Freehold Commercial Investment – Gross Yield 12.5% In same ownership for approx. 28 years 6 Week Completion Situation Located close to the junction with the pedestrianised Market Square in the town centre, opposite NatWest , adjacent to Coral and Nationwide , and nearby branches of HSBC, Subway, Barclays, Costa, New Look and many other multiples. Crewe is a large town which lies approx. 12 miles north-west of Stoke-on-Trent and 25 miles south-east of Chester with good road access to the M6 (Junctions 16 & 17). Crewe Station is a major junction on the West Coast Main Line and serves as a rail gateway for North West England. Property A mid terrace building comprising a Ground Floor Shop with separate rear access to Ancillary Accommodation on first and second floors - see Note. Accommodation Ground Floor Shop Gross Frontage 22'5” Internal Width 22'0” (max) Shop Depth 56'1” Built Depth 73'10” 2WCs First Floor Ancillary GIA Approx. 739 sq ft Second Floor Ancillary GIA Approx. 719 sq ft incl. WC VAT is NOT applicable to this Lot FREEHOLD Tenancy The entire property is let on a full repairing and insuring lease (subject to a Schedule of Condition) to Atos IT Services UK Limited ( See Tenant Profile ) for a term of years from 1st August 2020 until 1st March 2029 ( by way of a reversionary Lease - in occupation since 2015 ) ( excl. s.24-28 of L&T Act 1954 ) at a current rent of £25,000 per annum exclusive. Rent Review 2026 Tenant's Breaks 2024 and 2026 Tenant Profile The Tenant is a subsidiary of Atos which brands itself as a global leader in digital transformation with 111,000 employees in 69 countries. It operates this property as a Personal Independence Payment (PIP) Consultation Centre. These centres are used for the independent assessment of cases of health conditions and disabilities on behalf of The Department of Work and Pensions (DWP). Note: The Tenant does not currently utilise the first and second floors, which are in need of complete refurbishment. VIRTUAL TOUR Click here to view the virtual tour of the first and second floors of the property
