37 - 41 Church Street Blackpool Lancashire FY1 1HT

  • 37 - 41 Church Street<br>Blackpool<br>Lancashire<br>FY1 1HT

37 - 41 Church Street
Blackpool
Lancashire
FY1 1HT

City Centre Retail and Office Investment

  • Three Retail Units with Office Accommodation Above
  • Let to tenants including The Blackpool Grand Theatre Trust Limited
  • City Centre Location on Pedestrianised Church Street
  • Adjacent to The Grand Theatre Blackpool
  • Nearby occupiers include Marks & Spencer, Burton, Greggs, Nando’s, Bella Italia and Costa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    104
  • Auction
    13th October 2016
  • Rent
    £61,650 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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City Centre Retail and Office Investment

  • Three Retail Units with Office Accommodation Above
  • Let to tenants including The Blackpool Grand Theatre Trust Limited
  • City Centre Location on Pedestrianised Church Street
  • Adjacent to The Grand Theatre Blackpool
  • Nearby occupiers include Marks & Spencer, Burton, Greggs, Nando’s, Bella Italia and Costa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 104
  • Auction 13th October 2016
  • Rent £61,650 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
18 miles west of Preston, 28 miles west of Blackburn, 56, miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4), M6 (Junction 32)
Rail
Blackpool North Rail
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation

The property is situated in a prominent position on the southern side of Church Street, one of Blackpool’s principal retailing thoroughfares. The Grand Theatre Blackpool is immediately adjacent with the Houndshill Shopping Centre within 80 metres. Nearby occupiers include Marks & Spencer, Burton, Greggs, Nando's, Bella Italia and Costa.

Tenure

Virtual Freehold. Held from The Blackpool Tower Company Limited for a term of 999 years from 25/03/1979 until 24/03/2978 at a peppercorn rent.

Location
Miles
18 miles west of Preston, 28 miles west of Blackburn, 56, miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4), M6 (Junction 32)
Rail
Blackpool North Rail
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation

The property is situated in a prominent position on the southern side of Church Street, one of Blackpool’s principal retailing thoroughfares. The Grand Theatre Blackpool is immediately adjacent with the Houndshill Shopping Centre within 80 metres. Nearby occupiers include Marks & Spencer, Burton, Greggs, Nando's, Bella Italia and Costa.

Tenure

Virtual Freehold. Held from The Blackpool Tower Company Limited for a term of 999 years from 25/03/1979 until 24/03/2978 at a peppercorn rent.

Description

The property comprises three retail units with office accommodation on the upper floors.

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 three retail units with office accommodation on the upper floors.

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
37/37a Ground and
Basement		 Retail/
Ancillary
66.98 sq m
(721 sq ft)
 ROCKC
LIMITED (1) (2)
t/a Rockc Jewellers		 15
years from
13/01/2011 (3)		 £26,650 13/01/2021
(12/01/2026)
39 Ground Retail/
Ancillary
22.95 sq m
(247 sq ft)
 A1 COMMS
RETAIL
LIMITED
t/a Go Mobile		 10
years from
05/01/2012		 £18,000 05/01/2017
(04/01/2022)
(4)
41 Part
Ground
and Basement		 Retail/
Ancillary
58.99 sq m
(635 sq ft)
 ROCKC
LIMITED
t/a The Gold Centre 		Approx 5
years
4 months from
01/04/2015		 £12,500 (23/08/2020)
  Part
First and
Second		 Office
95.97 sq m
(1,033 sq ft)
 THE BLACKPOOL
GRAND THEATRE TRUST LIMITED		 20 years from
14/08/2012		 £4,500 14/08/2017
(13/08/2032)
Totals    
244.89 sq m
(2,636 sq ft)
     £61,650  

(1) Rockc Jewellers is a family business which has been based in Birmingham's famous jewellery quarter for more than five generations, now trading six branches throughout the Midlands and North East (Source: www.rockcjewellers.co.uk 16/09/2016)
(2) The lease is guaranteed by Rockc Gems Limited.
(3) The lease provides a tenant option to determine on 13/01/2022.
(4) The tenant has exercised an option to determine on 5th January 2017.

Contacts

Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays
Sheffield
S2 5SY
Carol Davies 0114 279 4003Carol.Davies@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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