2 July 2025: Wednesday 02 July 2025 - 9:00am
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    Key features

    • High Yielding Retail Investment
    • Let to Greggs Plc
    • 10 Year Lease Expiring 23.07.2035
    • Recently Renewed Lease
    • Prominent Pedestrianised Pitch
    • Established and Popular Location
    • VAT-Free Investment
    • Investment Let at £10,750 p.a. (10.23% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment let on a renewed lease to Greggs.

    Arranged as a ground floor retail unit with ancillary space tot he first floor, the property is fully let to Greggs Plc, an established tenant within Stanley, on a recently renewed 10 year lease expiring 23.07.2035 and paying £10,750 per annum.

    Greggs is one of the UKs best known retailers and was originally founded in Newcastle with headquarters approx. 15 miles from the subject property.

    The property occupies a prominent pitch on the pedestrianised Front Street, the principal retail amenity in Stanley. Nearby occupiers include William Hill, Cooplands, Betfred and Boots.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to Greggs Plc on a recently renewed 10 year lease expiring 23.07.2035 and paying £10,750 per annum.


    The lease is on full repairing and insuring terms and is within the Security of Tenure provisions of the Landlord and Tenant 1954 Act. The lease includes a tenants break option and open market rent review in the 5th year.


    Greggs Plc


    • D&B Rating - 5A1
    • Turnover (2023) - £1.81bn
    • Pre-Tax Profit (2023) - £188m


    Greggs is one of the UKs best known retailers/bakeries. Originally founded nearby in Newcastle there are now over 2,500 branches nationwide.

    Rent

    £10,750 per annum
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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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