15 - 25 Market Street Shaw Oldham OL2 8NR

15 - 25 Market Street
Shaw
Oldham
OL2 8NR

Freehold Retail Investment

Let to Bejam Group Limited t/a Iceland until 2030 (no breaks) with guarantee
2025 tenant break option removed
5 yearly fixed rental increases
Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express
Currently producing £84,961 p.a.x. Rising to £96,125 p.a.x. in 2025
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
48
Auction
7th July 2016
Rent
£84,961 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Retail Investment

Let to Bejam Group Limited t/a Iceland until 2030 (no breaks) with guarantee
2025 tenant break option removed
5 yearly fixed rental increases
Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express
Currently producing £84,961 p.a.x. Rising to £96,125 p.a.x. in 2025
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 48
Auction 7th July 2016
Rent £84,961 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 10 miles north-east of Manchester, 30 miles south-west of Leeds
Roads: A627, M62
Air: Manchester Airport

Situation

Shaw is situated some 10 miles north-east of Manchester City Centre and benefits from excellent links via the M62. The property is situated on the east side of Market Street, the principle retailing pitch in Shaw and at its junction with Horton Square. Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express.

Tenure

Freehold.

Location

Miles: 10 miles north-east of Manchester, 30 miles south-west of Leeds
Roads: A627, M62
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation on the first floor.

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 retail accommodation on the ground floor with ancillary accommodation on the first floor.

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	Reviews
Ground First	Retail Ancillary	724.17 sq m 392.03 sq m	(7,795 sq ft) (4,220 sq ft)	BEJAM GROUP LIMITED t/a Iceland GUARANTEED BY ICE ACQUISITIONS LTD	25 years from 28/02/2005 until 2030	£84,961 (2) Rising to £96,125 in Feb 2025	28/02/2020 (2) 28/02/2025
Totals		1,116.20 sq m	(12,015 sq ft)			£84,961

(1) Bejam Group Limited was incorporated in 1967 (Source: www.riskdisk.com). Iceland trades from over 860 stores nationwide (Source: www.iceland.co.uk).
(2) Under the terms of the lease, the current rent reserved is £75,093 per annum exclusive. The lease provides for a fixed increase in the rent to £84,961 per annum exclusive on 28th February 2020 and £96,125 per annum exclusive on 28th February 2025. The seller will pay the buyer the difference between the current rent reserved of £75,093 per annum exclusive and £84,961 per annum exclusive from completion of the sale until 28th February 2020.