33 Tulketh Street Southport Merseyside PR8 1AG

33 Tulketh Street
Southport
Merseyside
PR8 1AG

Freehold Retail Investment

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Retail Investment

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

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

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.