49 - 53, Market Street Newton-Le-Willows Merseyside WA12 9BH

49 - 53, Market Street
Newton-Le-Willows
Merseyside
WA12 9BH

Freehold Retail Investment

21,774 sq ft entirely Let to Wilko Retail Limited until 2026 (no breaks) with September 2016 rent review
Prominent corner location fronting the main retailing pitch of Market Street
Nearby occupiers include Superdrug, Shoe Zone, Barclays and William Hill
Opposite the popular Earlstown Market Square and Car Park
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
61
Auction
19th May 2016
Rent
£170,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
on the Instructions of Receivers

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Freehold Retail Investment

21,774 sq ft entirely Let to Wilko Retail Limited until 2026 (no breaks) with September 2016 rent review
Prominent corner location fronting the main retailing pitch of Market Street
Nearby occupiers include Superdrug, Shoe Zone, Barclays and William Hill
Opposite the popular Earlstown Market Square and Car Park
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 61
Auction 19th May 2016
Rent £170,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
on the Instructions of Receivers

Property Information

Location

Miles: 5 miles east of St Helens, 16 miles north-east of Liverpool, 18 miles west of Manchester
Roads: A572, B5209, M6 (Junction 23)
Rail: Earlstown Rail
Air: Liverpool John Lennon Airport and Manchester Airport

Situation

Newton Le Willows is a popular market town just 5 miles east of St Helens. The property occupies a prominent corner position fronting the pedestrianised Market Street at its junction with Legh Street. Earlstown Market Square is directly opposite and runs every Friday and Saturday, also acting as a car park. A Tesco superstore is located immediately to the rear of the property, with other nearby occupiers including Superdrug, Shoe Zone, Barclays and William Hill.

Tenure

Freehold.

Location

Miles: 5 miles east of St Helens, 16 miles north-east of Liverpool, 18 miles west of Manchester
Roads: A572, B5209, M6 (Junction 23)
Rail: Earlstown Rail
Air: Liverpool John Lennon Airport and Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor office/ancillary
accommodation.

Six Week Completion

VAT is applicable to this lot. Please refer to Special Conditions.

Note
This property is being marketed for sale on behalf of the mortgagee of the property 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 Law of Property Act Receivers appointed by the mortgagee to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers and the mortgagee 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

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 (Reversion)
Ground	Retail/Ancillary	1,752.98 sq m	(18,869 sq ft)	WILKO RETAIL LIMITED (1)	20 years from 11/09/2006 until 31/03/2026 on a full repairing and insuring lease	£170,000	10/09/2016 and 10/09/2021
First	Office/Ancillary	269.88 sq m	(2,905 sq ft)	WILKO RETAIL LIMITED (1)		£170,000	10/09/2016 and 10/09/2021
Total		2,022.87 sq m	(21,774 sq ft)			£170,000

(1) For the year ending 31st January 2015, Wilko Retail Limited reported a turnover of £1,444,563,000, pre-tax profits of £5,496,000 and a total net worth of £160,898,000. (Source: Experian Group 18/04/2016)