Aldi Supermarket Entwisle Road Rochdale Lancashire OL16 2HZ

  • Aldi Supermarket<br>Entwisle Road<br>Rochdale<br>Lancashire<br>OL16 2HZ

Aldi Supermarket
Entwisle Road
Rochdale
Lancashire
OL16 2HZ

Prominent Supermarket Investment

  • Let to Aldi Stores Limited
  • Lease expires June 2030 (subject to option)
  • Fixed rental increase in June 2020 and five yearly thereafter
  • Established out of town retail location close to The Point Retail Park
  • Approximately 13,986 sq ft with good customer car parking
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    20
  • Auction
    7th July 2016
  • Rent
    £226,281 per Annum Exclusive
  • Status
    Sold
  • Price
    £3,700,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Prominent Supermarket Investment

  • Let to Aldi Stores Limited
  • Lease expires June 2030 (subject to option)
  • Fixed rental increase in June 2020 and five yearly thereafter
  • Established out of town retail location close to The Point Retail Park
  • Approximately 13,986 sq ft with good customer car parking
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 20
  • Auction 7th July 2016
  • Rent £226,281 per Annum Exclusive
  • Status Sold
  • Price £3,700,000
  • Sector
    Supermarket/Convenience
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds
Roads
A627, A671, M60, M62 (Junction 20)
Rail
Rochdale Railway Station
Air
Manchester Airport
Situation

The property is situated at the corner of Entwisle Road (B6266) and Molesworth Street (A671), in an established out of town retail location. The Point Retail Park is located nearby, housing retailers including TK Maxx and Home Bargains. Both The Wheatsheaf Shopping Centre (0.5 miles) and Rochdale Exchange Shopping Centre (0.6 miles) in Rochdale town centre are located close by, housing occupiers including Wilko, Peacocks, Poundworld, Marks & Spencer and Home Bargains. Also located close by are Mitsubishi and Kia car showrooms and a Mecca Bingo.

Tenure

Long Leasehold. Held for a term of 125 years from 28th July 1989 from The Rochdale Borough Council at a peppercorn rent.

Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds
Roads
A627, A671, M60, M62 (Junction 20)
Rail
Rochdale Railway Station
Air
Manchester Airport
Situation

The property is situated at the corner of Entwisle Road (B6266) and Molesworth Street (A671), in an established out of town retail location. The Point Retail Park is located nearby, housing retailers including TK Maxx and Home Bargains. Both The Wheatsheaf Shopping Centre (0.5 miles) and Rochdale Exchange Shopping Centre (0.6 miles) in Rochdale town centre are located close by, housing occupiers including Wilko, Peacocks, Poundworld, Marks & Spencer and Home Bargains. Also located close by are Mitsubishi and Kia car showrooms and a Mecca Bingo.

Tenure

Long Leasehold. Held for a term of 125 years from 28th July 1989 from The Rochdale Borough Council at a peppercorn rent.

Description

The property comprises a ground floor supermarket with customer car parking for about 100 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor supermarket with customer car parking for about 100 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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 Fixed Rental
Uplifts/(Reversion)
Ground Supermarket
1299.30 sq m
(13,986 sq ft)
 ALDI STORES
LIMITED (1)		 20 years from 24/06/2010 (2)
on a full repairing and insuring lease		 £226,281
rising to £256,015 in June 2020
and to £289,656 in June 2025		 24/06/2020
24/06/2025
(23/06/2030)
Totals  
1299.30 sq m
(13,986 sq ft)
     £226,281

(1) For the year ending 31st December 2014, Aldi Stores Limited reported a turnover of £6,893,256,000, pre-tax profits of £250,584,000 and a total net worth of £1,948,445,000 (Source: Experian Group 09/06/2016)
(2) The lease is subject to a tenant only option to determine on 24th June 2025, subject to not less than 6 months prior written notice.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
AST Hampsons Solicitors 128 Yorkshire Street
Rochdale
OL16 1LA
Jillian Josephson 01706 653 322jjosephson@asthampsons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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