Liquid & Envy Nightclub, Retiro Street Oldham Greater Manchester OL1 1SA

  • Liquid & Envy Nightclub, Retiro Street<br>Oldham<br>Greater Manchester<br>OL1 1SA

Liquid & Envy Nightclub, Retiro Street
Oldham
Greater Manchester
OL1 1SA

Freehold Nightclub Investment

  • Entirely let to Ranimul 15 Limited (t/a Liquid & Envy) until 2026 with guarantee from The Luminar Group Limited
  • Town Centre Location within Main Leisure Area
  • Approximately 1,607 sq m (17,297 sq ft)
  • Lot
    66
  • Auction
    23rd October 2014
  • Rent
    £115,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Joint Fixed Charge Receivers, JLL
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Freehold Nightclub Investment

  • Entirely let to Ranimul 15 Limited (t/a Liquid & Envy) until 2026 with guarantee from The Luminar Group Limited
  • Town Centre Location within Main Leisure Area
  • Approximately 1,607 sq m (17,297 sq ft)
  • Lot 66
  • Auction 23rd October 2014
  • Rent £115,000 per Annum Exclusive
  • Status Sold
  • Price £700,000
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Joint Fixed Charge Receivers, JLL

Property Information

Location
Miles
6 miles south of Rochdale, 7 miles north-east of Manchester
Roads
A627, A62, M60, M62
Rail
Mills House Railway Station
Air
Manchester Airport
Situation

Oldham is situated some 7 miles north-east of Manchester city centre with good links being located close to the M60 and M62 motorways. The property is situated within the main leisure circuit in Oldham town centre, with frontage onto both Waterloo Street and Retiro Street.

Tenure

Freehold.

Location
Miles
6 miles south of Rochdale, 7 miles north-east of Manchester
Roads
A627, A62, M60, M62
Rail
Mills House Railway Station
Air
Manchester Airport
Situation

Oldham is situated some 7 miles north-east of Manchester city centre with good links being located close to the M60 and M62 motorways. The property is situated within the main leisure circuit in Oldham town centre, with frontage onto both Waterloo Street and Retiro Street.

Tenure

Freehold.

Description

The property comprises a large detached, purpose built two storey nightclub. The property benefits from a reception area, customer lift, external smoking area and refuse area and on-site parking for approximately four vehicles.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a large detached, purpose built two storey nightclub. The property benefits from a reception area, customer lift, external smoking area and refuse area and on-site parking for approximately four vehicles.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground/First Nightclub/Bar
1,607 sq m
(17,298 sq ft)
RANIMUL 15 LIMITED
(t/a Liquid & Envy) (1)
with guarantee from The
Luminar Group Limited (2)
25 years from 11/06/2001 until 10/06/2026 on a full repairing and insuring lease (3) £115,000 11/06/2016 and 11/06/2021
Totals  
1,607 sq m
(17,298 sq ft)
    £115,000  

(1) Liquid is the UK's leading nightclub brand combining state-of-the-art lighting, sound and laser technology with stunning 360-degree graphics and visuals to
enhance the clubbing experience. (Source: www.liquidclubs.com 12/09/2014)
(2) The Luminar Group trades 55 of the largest nightclubs in the UK with other brands including Oceana and Cameo. (Source: www.luminar.co.uk 12/09/2014)
(3) The tenant occupies the building under two co terminous leases. The current total rent is £90,000 p.a.x. rising to £115,000 p.a.x. on 25th December 2014 until
10th June 2016. The seller has agreed to adjust the completion monies so that the property will effectively produce £115,000 p.a.x. from completion of the sale.

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
TLT Solicitors 1 Redcliff Street
Bristol
BS1 6TP
Debbie Hudson 0117 917 8429debbie.hudson@tltsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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