Property Auctions 19/May/2016 | Matalan, Unit 2, Watts Clift Way, St Helens, Merseyside, WA9 1JL

Major Freehold Retail Warehouse Investment

Let to Matalan Retail Limited until March 2025
37,103 sq ft open A1 (including food) consent
Located just off St Helens Linkway (A58)
Nearby occupiers include KFC, Dreams, Halfords and Aldi
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 13
Auction 19th May 2016
Rent £420,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Retail Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

Property Information

Location

Miles: 12 miles east of Liverpool, 25 miles west of Manchester
Roads: A580, A570, M6, M62, M57
Rail: St Helens Central
Air: Liverpool John Lennon Airport

Situation

St Helens is located some 22 miles east of Liverpool and 30 miles west of Manchester. The property is strategically located next to KFC on the southern perimeter of the town fronting the St Helens Linkway (A58), which connects with Leeds to the north-east. St Helens Central Rail is a short walk from the property and St Helens Retail Park is located the other side of the A58 housing retailers including Dreams, Dunelm, Halfords, TK Maxx, Aldi and Maplin.

Tenure

Freehold.

Location

Miles: 12 miles east of Liverpool, 25 miles west of Manchester
Roads: A580, A570, M6, M62, M57
Rail: St Helens Central
Air: Liverpool John Lennon Airport

Situation

St Helens is located some 22 miles east of Liverpool and 30 miles west of Manchester. The property is strategically located next to KFC on the southern perimeter of the town fronting the St Helens Linkway (A58), which connects with Leeds to the north-east. St Helens Central Rail is a short walk from the property and St Helens Retail Park is located the other side of the A58 housing retailers including Dreams, Dunelm, Halfords, TK Maxx, Aldi and Maplin.

Tenure

Freehold.

Description

The property comprises a modern retail warehouse building with open A1 (including food) consent, providing ground floor retail accommodation and two storey office accommodation and storage to the rear with on-site car parking for approximately 145 cars. To the rear of the property is a service yard accessed via a separate entrance on Watts Clift Way.

NB: As to the VAT status please refer to the special conditions.

Six Week Completion

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 Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 modern retail warehouse building with open A1 (including food) consent, providing ground floor retail accommodation and two storey office accommodation and storage to the rear with on-site car parking for approximately 145 cars. To the rear of the property is a service yard accessed via a separate entrance on Watts Clift Way.

NB: As to the VAT status please refer to the special conditions.

Six Week Completion

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 Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 Mezzanine First	Retail/Ancillary Ancillary Ancillary	3,209.50 sq m 162.40 sq m 75.10 sq m	(35,547 sq ft) (1,748 sq ft) (808 sq ft)	MATALAN RETAIL LIMITED (1)	25 years from 10/03/2000 until 09/03/2025	£420,000	10/03/2015 (2) and 10/03/2020
Total		3,447.00 sq m	(37,103 sq ft)

(1) Matalan is a leading clothing and homeware retailer with over 200 stores in the UK (Source: www.matalan.jobs/ 18/04/2016). For the year ending 28 February 2015, Matalan Retail Limited reported a turnover of £1,094,000,000, pre-tax profits of £20,300,000 and a total net worth of £300,100,000 (Source: Experian Group 18/04/2016).
(2) The 2015 rent review is outstanding.