26 Deansgate Bolton Greater Manchester BL1 1BG

  • 26 Deansgate<br>Bolton<br>Greater Manchester<br>BL1 1BG

26 Deansgate
Bolton
Greater Manchester
BL1 1BG

Freehold Retail Investment

  • Entirely let to Wilko Retail Limited until 2026 (no breaks)
  • Prominent corner position in town centre location close to Market Place Shopping Centre and Crompton Shopping Centre
  • Passing Rent of £5.68 per sq ft (GIA) with next review in October 2016
  • Nearby occupiers include Marks and Spencer, Superdrug, Boots the Chemist, New Look and Natwest Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    26
  • Auction
    7th July 2016
  • Rent
    £260,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,732,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE
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Freehold Retail Investment

  • Entirely let to Wilko Retail Limited until 2026 (no breaks)
  • Prominent corner position in town centre location close to Market Place Shopping Centre and Crompton Shopping Centre
  • Passing Rent of £5.68 per sq ft (GIA) with next review in October 2016
  • Nearby occupiers include Marks and Spencer, Superdrug, Boots the Chemist, New Look and Natwest Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 26
  • Auction 7th July 2016
  • Rent £260,000 per Annum Exclusive
  • Status Sold
  • Price £2,732,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
12 miles north-west of Manchester
Roads
A58, A666, M6, M60, M61, M62
Rail
Bolton Railway Station
Air
Manchester Airport
Situation

The property is prominently situated on the corner of Deansgate and Bridge Street in Bolton town centre within a short distance from both Market Place Shopping Centre and Crompton Place Shopping Centre. Marks & Spencer is directly opposite with other nearby occupiers including Superdrug, Boots the Chemist, New Look and Natwest Bank.

Tenure

Freehold.

Location
Miles
12 miles north-west of Manchester
Roads
A58, A666, M6, M60, M61, M62
Rail
Bolton Railway Station
Air
Manchester Airport
Situation

The property is prominently situated on the corner of Deansgate and Bridge Street in Bolton town centre within a short distance from both Market Place Shopping Centre and Crompton Place Shopping Centre. Marks & Spencer is directly opposite with other nearby occupiers including Superdrug, Boots the Chemist, New Look and Natwest Bank.

Tenure

Freehold.

Description

The property comprises retail accommodation on basement and ground floor with ancillary accommodation on the upper floors. The property benefits from a loading bay accessed from Bridge Street.

VAT

VAT is applicable to this lot.

Note

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

Completion Period

Six Week Completion

EPC

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

Description

The property comprises retail accommodation on basement and ground floor with ancillary accommodation on the upper floors. The property benefits from a loading bay accessed from Bridge Street.

VAT

VAT is applicable to this lot.

Note

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

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 Reviews
Ground
Basement
Sub-Basement
First
Second
Roof 		Retail/ Ancillary
Ancillary
Ancillary
Retail/Ancillary
Retail
Ancillary
951.70 sq m
968.30 sq m
57.30 sq m
813.90 sq m
837.80 sq m
93.10 sq m
(10,244 sq ft)
(10,422 sq ft)
(617 sq ft)
(8,760 sq ft)
(9,018 sq ft)
(1,002 sq ft)
 WILKO RETAIL
LIMITED (1)		 15 years from 10/10/2011
until 09/10/2026 on a full
repairing and insuring lease		 £260,000 10/10/2016
and 10/10/2021
Totals  
3,722.10 sq m
40,063 sq ft
     £260,000

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

Contacts

Seller's Solicitors
Trowers & Hamlins The Senate, Southernhay Gardens
Exeter
EX1 1UG
Ben Neary 0)1392 221950bneary@trowers.com

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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