43-53 High Street Northwich Cheshire CW9 5DD

43-53 High Street
Northwich
Cheshire
CW9 5DD

Freehold Retail Parade Investment

Six self-contained retail units in pedestrianised High Street location
Tenants trade as Specsavers, Co-Op Travel, Scope, Marie Curie Cancer Care and British Heart Foundation
Located 50 metres from the Weaver Square Shopping Centre
Nearby occupiers include McDonalds, Lloyds TSB, Barclays Bank and the Post Office
Rent subject to Note 5
Six Week Completion Available

Lot
34
Auction
10th July 2012
Rent
£145,425 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Parade Investment

Six self-contained retail units in pedestrianised High Street location
Tenants trade as Specsavers, Co-Op Travel, Scope, Marie Curie Cancer Care and British Heart Foundation
Located 50 metres from the Weaver Square Shopping Centre
Nearby occupiers include McDonalds, Lloyds TSB, Barclays Bank and the Post Office
Rent subject to Note 5
Six Week Completion Available

Lot 34
Auction 10th July 2012
Rent £145,425 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 20 miles south-west of Manchester, 23 miles south-east of Liverpool
Roads: A533, A559, M56, M6
Rail: Northwich Rail Station
Air: Manchester International Airport

Situation

The property is situated in a prominent location on the northern side of the pedestrianised High Street, within Northwichs prime retailing area. The property is located just 50 metres from the Weaver Shopping Centre which houses retailers such as Greggs, Argos, O2 and William Hill. Other nearby occupiers include McDonalds, Lloyds TSB, Barclays Bank and the Post Office.

Tenure

Freehold.

Location

Miles: 20 miles south-west of Manchester, 23 miles south-east of Liverpool
Roads: A533, A559, M56, M6
Rail: Northwich Rail Station
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises six separate retail units over ground and first floors and additionally benefits from an area to the rear currently used for car parking.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises six separate retail units over ground and first floors and additionally benefits from an area to the rear currently used for car parking.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

No	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
43	Ground First	Retail Office	115.20 sq m 20.35 sq m	(1,240 sq ft) (219 sq ft)	SPECSAVERS OPTICALSUPERSTORES LTD (1)	10 years from 29/09/2011	£24,500	29/09/2016 (28/09/2021)
45	Ground First	Retail/Storage Storage	95.60 sq m 34.60 sq m	(1,029 sq ft) (372 sq ft)	CO-OPERATIVE GROUP ESTATESSERVICES LIMITED (2)(t/a Co-Op Travel)	15 years from 13/10/2000	£27,500	(13/10/2015)
47	Ground First	Retail Storage	65.30 sq m 22.00 sq m	(703 sq ft) (237 sq ft)	MARIE CURIE CANCER CARE (3)	3 years from 16/08/2010	£14,000	(16/08/2013)
49	Ground First	Retail Storage	90.81 sq m 40.50 sq m	(977 sq ft) (436 sq ft)	KAREN RHODES CATERINGLIMITED (4) (t/a Café Terrazzo)	10 years from 07/09/2009	£26,000 (5)	07/09/2013 (06/09/2019)
51	Ground First	Retail Storage	103.30 sq m 41.60 sq m	(1,112 sq ft) (448 sq ft)	BRITISH HEART FOUNDATION (6)	25 years from 22/11/1991	£26,425	22/11/2011 (21/11/2016)
53	Ground First	Retail Retail/Ancillary	100.80 sq m 43.60 sq m	(1,085 sq ft) (469 sq ft)	SCOPE (7)	10 years from 24/06/2003	£27,000	(24/06/2013)
	Totals		773.66 sq m	(8,327 sq ft)			£145,425

(1) For the year ending 28th February 2011, Specsavers Optical Superstores Limited reported a turnover of £390,791,000, pre-tax profits of £21,261,000 and a totalnet worth of £80,512,000. (Source: www.riskdisk.com 29/05/2012)
(2) Co-Operative Group Estates Services Limited is a wholly owned subsidiary of Co-Operative Group Limited. For the year ending 1st January 2011, Co-Operative Group Limited reported a turnover of £12,886,100,000, pre-tax profits of £310,400,000 and a total net worth of £2,950,700,000. (Source: www.riskdisk.com 29/05/2012)
(3) Launched in 1948, Marie Curie Cancer is a UK charity dedicated to the care of people with terminal cancer and other illnesses. (Source: www.mariecurie.org.uk 30/05/2012)
(4) Launched 18 years ago, Karen Rhodes Catering Limited provides food for all types of events from birthday parties and weddings to corporate entertainment. (Source: www.karenrhodes.co.uk 30/05/2012)
(5) The tenant has agreed with the Landlord to pay £24,700 p.a.x. up to the next rent review and is currently paying in weekly instalments.
(6) Founded in 1961, British Heart Foundation is a UK charity that aims to prevent people dying from heart disease. (Source: www.bhf.org.uk 30/05/2012)
(7) Scope is a UK disability charity that supports disabled people and their families in England and Wales. (Source: www.scope.org.uk 30/05/2012)