Prescot Shopping Centre Ecclestone Street Prescot Merseyside L34 5GA

  • Prescot Shopping Centre<br>Ecclestone Street<br>Prescot<br>Merseyside<br>L34 5GA

Prescot Shopping Centre
Ecclestone Street
Prescot
Merseyside
L34 5GA

Freehold Shopping Centre Investment

  • Approximately 28 retail units and kiosks in the heart of the Town Centre
  • Tenants include Halifax, Card Factory, Knowsley Council, Home Bargains and the Post Office
  • Benefits from direct access from both Eccleston Street and the only free town centre car park
  • Well supported by the community and Knowsley Council forming part of the ‘Love Prescot’ campaign and partnership with ‘One Ark’
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    7
  • Auction
    9th July 2015
  • Rent
    £178,573 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint Administrators Deloitte
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Freehold Shopping Centre Investment

  • Approximately 28 retail units and kiosks in the heart of the Town Centre
  • Tenants include Halifax, Card Factory, Knowsley Council, Home Bargains and the Post Office
  • Benefits from direct access from both Eccleston Street and the only free town centre car park
  • Well supported by the community and Knowsley Council forming part of the ‘Love Prescot’ campaign and partnership with ‘One Ark’
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 7
  • Auction 9th July 2015
  • Rent £178,573 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Shopping Centre
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint Administrators Deloitte

Property Information

Location
Location
Miles
7 miles east of Liverpool
30 miles west of Manchester
Roads
A58, M62 (Junction 7), M57 (Junction 7)
Rail
Prescot Railway Station (direct to Liverpool Lime Street)
Air
Liverpool John Lennon Airport
Situation

The property is situated in a prominent position in the centre of Prescot on the south side of Eccleston Street, the principal retail thoroughfare in the town. There are two entrances to the centre on Eccleston Street with an entrance directly from the car park as well as a pedestrian entrance point leading from Market Place.

Tenure

Freehold.

Location
Location
Miles
7 miles east of Liverpool
30 miles west of Manchester
Roads
A58, M62 (Junction 7), M57 (Junction 7)
Rail
Prescot Railway Station (direct to Liverpool Lime Street)
Air
Liverpool John Lennon Airport
Situation

The property is situated in a prominent position in the centre of Prescot on the south side of Eccleston Street, the principal retail thoroughfare in the town. There are two entrances to the centre on Eccleston Street with an entrance directly from the car park as well as a pedestrian entrance point leading from Market Place.

Tenure

Freehold.

Description

Constructed in the late 1980’s the property comprises approximately 28 covered retail units in addition to local authority services including library and museum. To the rear there is a public car park for some 260 cars which is included in the sale.

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.

Viewings

There will be block viewings for this property. Please contact: Will Moore.
Telephone: +44 (0)20 7034 4858.

EPC

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

Description

Constructed in the late 1980’s the property comprises approximately 28 covered retail units in addition to local authority services including library and museum. To the rear there is a public car park for some 260 cars which is included in the sale.

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.

Viewings

There will be block viewings for this property. Please contact: Will Moore.
Telephone: +44 (0)20 7034 4858.

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) (1) Tenant Term Rent p.a. Review/(Reversion)
MSU 2 First Retail
1,179.1 sq m
(12,692 sq ft)
T J MORRIS t/a Home Bargains 5 years from 27/12/2014* £45,000 (26/12/2019)
1 Ground & First Retail/Storage
278.2 sq m
(2,995 sq ft)
BANK OF SCOTLAND PLC t/a Halifax 10 years from 24/09/2010* Sep 2015 Break to be confirmed £22,000 24/09/2015 (23/09/2020)
6 Ground Retail
123.1 sq m
(1,325 sq ft)
AG RETAIL CARDS LTD t/a Clinton Cards 25 years from 25/12/1989 £1 (6) Holding Over
8 Ground & First Retail/Storage
164.2 sq m
(1,767 sq ft)
CHERYL MULLINS t/a Grace Lea 3 years and 2 months from 09/05/2014 (3) £5,000 (08/07/2017)
10 Ground Retail
112.4 sq m
(1,210 sq ft)
MTM TRADING (NORTH WEST) LTD t/a Post Office 15 years from 15/10/2014 £15,000 (14/10/2029)
13 First & Second Retail/Storage
131.6 sq m
(1,417 sq ft)
SPORTSWIFT LTD t/a Card Factory 3 years from 25/04/2013* £10,000 (24/04/2016)
14 First & Second Retail/Storage
223.0 sq m
(2,400 sq ft)
STOCKS RETAIL LTD t/a Shush 3 years from 01/08/2013* £19,629 (31/07/2016)
15 First & Second Retail/Storage
323.4 sq m
(3,480 sq ft)
FARMFOODS LIMITED t/a Farmfoods 2 years from 01/07/2013 £0 (6) (01/07/2015) (4)
Civic Hall Ground, First, Second & Roof Civic Hall/Ancillary/Storage
1,081.9 sq m
(11,645 sq ft)
KNOWSLEY BOROUGH COUNCIL 999 years from 05/03/1990 £0 (6) (04/03/2989)
MSU 1, 2, 3, 4, 5, 7, 9, 11, 12 & 16 Ground, First & Second Retail/Storage
4,544.5 sq m
(48,922 sq ft)
VACANT POSSESSION (5)      
Kiosk 1 First Retail
15.5 sq m
(167 sq ft)
VACANT POSSESSION      
Kiosk 3 First Retail
40.1 sq m
(432 sq ft)
SUSAN ELIZABETH SWALE & RONALD SWALE t/a Prescot Heart of the Home 5 years from 23/05/2012* £3,000 (22/05/2017)
Kiosk 4 First Retail
17.4 sq m
(187 sq ft)
SUSAN SHAW t/a Sue's Mobiles 2 years from 01/04/2015* £3,033 (31/03/2017)
Kiosk 6 First Retail
12.8 sq m
(138 sq ft)
J SHOWERING t/a Showering's Delicatessen 25 years from 25/12/1989 £4,500 Holding Over
Kiosk 7 First Retail
58.0 sq m
(624 sq ft)
MAUREEN BATTLE t/a Petshop 3 years from 25/04/2013 £8,000 (24/04/2016)
Kiosk 8 First Retail
18.1 sq m
(195 sq ft)
ALI USTA t/a Turkish Barbers 6 years from 07/12/2011 £6,500 06/12/2014 (06/12/2017)
Kiosk 10 First Retail
102.2 sq m
(1,100 sq ft)
M WRAY t/a Garden Restaurant 10 years from 25/04/2004 £17,500 Holding Over
Kiosk 2, 5 & 9 First Retail
47.7 sq m
(513 sq ft)
VACANT POSSESSION      
19 Market Place Ground & First Retail/Storage
95.7 sq m
(1,030 sq ft)
DHAN MIAH t/a Shere Khan 15 years from 30/03/2007* £6,000 24/04/2012 (23/04/2022)
30 Eccleston St Ground & First Retail/Ancillary
180.1 sq m
(1,938 sq ft)
RICHARD SUTTON t/a Poco Coffee 5 years from 27/03/2013 £6,000 27/03/2016 (26/03/2018)
  Ground Vending Machines
COCA-COLA ENTERPRISES LTD 5 years from 01/10/2007 £0 Holding Over
  Ground 18 No Car Parking Spaces   ROYAL MAIL GROUP LTD 3 years from 19/03/2013* £7,411 (18/03/2016)
  Ground Mall Area Space     MASSAGE CHAIRS LTD Licence for 3 years from 01/06/2012*   Holding Over
Totals    
8,749 sq m
(94,177 sq ft)
    £178,574 (2)  

* Subject to break option(s). Please refer to the full tenancy schedule in the legal pack.
(1) The property has been professionally measured by Plowman Craven. The areas are warranted and the warranty will be passed on to the purchaser on completion of the sale.
(2) The rents stated are gross. In some cases the landlord is responsible for rates, insurance and service charge. A full breakdown of costs and the landlord's shortfall is available in the legal pack.
(3) One Ark launched a competition to support a local retailer by providing a unit rent-free for a year. The tenant beat off competition from 25 other business owners to win the space in the shopping centre and benefited from full refurbishment of the premises completed by Vivark, structured business advice and support from the Merseyside Special Investment Fund, The Women’s Organisation and Knowsley Metropolitan Borough Council. (Source: www.knowsley.gov.uk)
(4) Negotiations are currently underway to renew the lease with the tenant.
(5) Negotiations are currently underway with a tenant to let the MSU 1 Unit.
(6) The tenant is currently paying rates, service charge and insurance only.

Contacts

Seller's Solicitors
Addleshaw Goddard LLP 100 Barbirolli Square
Manchester
M2 3AB
Rob Hughes 0161 934 6288 rob.hughes@addleshawgoddard.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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