40 Yorkshire Street Rochdale Lancashire OL16 1JN

40 Yorkshire Street
Rochdale
Lancashire
OL16 1JN

Freehold Retail Investment

Prime pedestrianised town centre location
Entirely let to Coral Racing Limited on a recent 10 year lease until 2024 (subject to option)
Nearby occupiers include W H Smith, Boots the Chemist, Marks & Spencer and Thorntons
Prominently situated opposite the Rochdale Exchange Shopping Centre
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
19
Auction
26th March 2015
Rent
£32,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund

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Freehold Retail Investment

Prime pedestrianised town centre location
Entirely let to Coral Racing Limited on a recent 10 year lease until 2024 (subject to option)
Nearby occupiers include W H Smith, Boots the Chemist, Marks & Spencer and Thorntons
Prominently situated opposite the Rochdale Exchange Shopping Centre
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 19
Auction 26th March 2015
Rent £32,500 per Annum Exclusive
Status Sold Prior
Price
Sector
Leisure
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund

Property Information

Location

Miles: 14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads: A627, M66, M60, M62 (Junction 20)
Rail: Rochdale Railway Station
Air: Manchester Airport

Situation

The property is prominently situated on the east side of Yorkshire Street, Rochdale’s prime pedestrianised retail thoroughfare. The property benefits from being situated opposite the entrance to Rochdale Exchange Shopping Centre with occupiers including W H Smith and Boots the Chemist. Other nearby occupiers include Marks & Spencer, Thorntons, JD Sports and Greggs.

Tenure

Freehold.

Location

Miles: 14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads: A627, M66, M60, M62 (Junction 20)
Rail: Rochdale Railway Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first and second floors.

6 Weeks Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Review
Ground First Second	Retail Ancillary Ancillary	106.20 sq m 84.11 sq m 37.60 sq m	(1,143 sq ft) (905 sq ft) (404 sq ft)	CORAL RACING LIMITED (1)	10 years from 27/11/2014 on a full repairing and insuring lease (2)	£32,500 (3)	27/11/2019
Totals		227.91 sq m	(2,452 sq ft)			£32,500 (3)

(1) For the year ending 28/09/2013, Coral Racing Limited reported a turnover of £628,179,000, pre-tax profits of £81,627,000 and a total net worth of £93,510,000. (Source: www.riskdisk.com 02/02/2015)
(2)The lease provides a tenant only option to determine on the sixth anniversary of the term commencement date.
(3)For the purposes of clarification, Coral Racing Limited is currently benefitting from a rent free period due to expire on 27th May 2015. The seller has agreed to adjust the completion monies so that the unit will effectively produce £32,500 p.a.x. from completion of the sale.