Freehold Retail Investment
Freehold Retail Investment
The property is situated on the northern side of Princes Street, a busy pedestrianised retailing thoroughfare within Stockport town centre, at its junction with Hatton Street. The Mersey Way Centre lies directly opposite the property housing retailers such as Marks and Spencer, BHS, Boots Chemist, McDonalds, Next, Top Shop, Costa Coffee and River Island. Other nearby occupiers include William Hill, Yorkshire Bank, Savers and Santander.
Freehold.
The property is situated on the northern side of Princes Street, a busy pedestrianised retailing thoroughfare within Stockport town centre, at its junction with Hatton Street. The Mersey Way Centre lies directly opposite the property housing retailers such as Marks and Spencer, BHS, Boots Chemist, McDonalds, Next, Top Shop, Costa Coffee and River Island. Other nearby occupiers include William Hill, Yorkshire Bank, Savers and Santander.
Freehold.
The property comprises two retail units over ground and first floor. 30 Princes Street also benefits from basement storage accommodation.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two retail units over ground and first floor. 30 Princes Street also benefits from basement storage accommodation.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| No | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|---|
| 30 | Ground Basement First |
Retail Storage Retail/Ancillary |
525.52 sq m 155.90 sq m 554.00 sq m |
(5,657 sq ft) (1,678 sq ft) (5,963 sq ft) |
PSTORES REALISATIONS LIMITED (1) (t/a Peacocks) |
5 years from 28/02/2013 on a full repairing and insuring lease |
£125,000 |
27/02/2016 |
| 28 | Ground First |
Retail Ancillary |
183.10 sq m 179.20 sq m |
(1,971 sq ft) (1,929 sq ft) |
VACANT POSSESSION |
|||
| Totals | 1,597.72 sq m |
(17,198 sq ft) |
£125,000 | |||||
(1) Established in 1884, Peacocks trades from approximately 450 locations throughout the UK. (Source: www.peacocks.co.uk 28/02/2014)
(2)The lease provides an option to determine on the third anniversary of the term which the tenant has exercised.
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