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
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
