Let to Partners the Stationers Limited (t/a Rymans) on a renewed lease until 2025 (subject to option)
Rebased Rent
Approximately 40 metres south of the Marble Place Shopping Centre
Nearby occupiers include Marks & Spencer, W H Smith, Millets and T K Maxx
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 126
Auction 13th October 2016
Rent £25,000 per Annum Exclusive
Status Sold
Price £251,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
16 miles north of Liverpool, 19 miles south-west of Preston
Roads
A565, A570, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
Southport is a popular coastal town some 16 miles north of Liverpool. The property is situated on the south side of Tulketh Street, at its junction with Balls Place and some 40 metres south of the Marble Place Shopping Centre. Nearby occupiers include Marks & Spencer, W H Smith, Millets and T K Maxx.
Tenure
Freehold.
Location
Miles
16 miles north of Liverpool, 19 miles south-west of Preston
Roads
A565, A570, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
Southport is a popular coastal town some 16 miles north of Liverpool. The property is situated on the south side of Tulketh Street, at its junction with Balls Place and some 40 metres south of the Marble Place Shopping Centre. Nearby occupiers include Marks & Spencer, W H Smith, Millets and T K Maxx.
Tenure
Freehold.
Description
The property is a double frontage retail unit comprising retail accommodation on the ground floor and benefiting from rear access off Balls Place. The property also benefits from a double height ground 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 is a double frontage retail unit comprising retail accommodation on the ground floor and benefiting from rear access off Balls Place. The property also benefits from a double height ground 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
Review/(Reversion)
Ground
Retail
257.50 sq m
(2,772 sq ft)
PARTNERS THE STATIONERS LIMITED
10 years from 16/07/2015 on a full repairing and insuring lease (2)
£25,000
17/07/2020 (16/07/2025)
Totals
257.50 sq m
(2,772 sq ft)
£25,000
(1) Ryman Limited is the parent company of Partners The Stationers Limited. For the year ending 28th March 2015, Ryman Limited reported a turnover of £131,005,000, pre-tax profits of £7,918,000 and a total net worth of £44,489,000 (Source: www.riskdisk.com 07/09/2016). Ryman operates from over 200 stores nationwide (Source: www.ryman.co.uk). (2) The lease provides for a tenant option to determine the lease on 16/07/2020.