Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
13.5 miles south-east of Manchester, 24 miles north-west of Sheffield
Roads
B601, A57, M67 (Junction 4)
Rail
Glossop Rail
Air
Manchester Airport
Situation
Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated in a prominent corner location on the southern side of High Street West, at its junction with Market Street. Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug. The Howard Town Shopping Centre, with retailers such as Marks and Spencer’s, The Edinburgh Woollen Mill and Mountain Warehouse, is close by.
Tenure
Freehold.
Location
Miles
13.5 miles south-east of Manchester, 24 miles north-west of Sheffield
Roads
B601, A57, M67 (Junction 4)
Rail
Glossop Rail
Air
Manchester Airport
Situation
Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated in a prominent corner location on the southern side of High Street West, at its junction with Market Street. Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug. The Howard Town Shopping Centre, with retailers such as Marks and Spencer’s, The Edinburgh Woollen Mill and Mountain Warehouse, is close by.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation at the front of the first floor. In addition, at the rear of the first floor there is a self-contained residential flat which is accessed from Market Street.
Six Week 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
The property comprises ground floor retail accommodation with ancillary accommodation at the front of the first floor. In addition, at the rear of the first floor there is a self-contained residential flat which is accessed from Market Street.
Six Week 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.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review
Ground First (Front)
Retail Ancillary
83.61 sq m 39.30 sq m
(900 sq ft) (423 sq ft)
GREGGS PLC (1)
10 years from 16/06/2010 on a full repairing and insuring lease (3)
£26,000
15/06/2015 (2)
First (Rear)
Residential
Not measured
INDIVIDUAL
999 years from 18/10/2013
£1
Totals
122.91 sq m
(1,323 sq ft)
£26,001
(1) For the year ending 3rd January 2015, Greggs plc reported a turnover of £803,961,000, pre-tax profits of £49,743,000 and a total net worth of £241,982,000. (Source: riskdisk.com 28/10/2015) (2)The lease provides for a tenant option to determine the lease on 16th June 2015, on giving 6 months’ prior written notice. This option was not exercised by the tenant. (3)The lease is subject to a short schedule of condition.
