16/22 Liverpool Road Crosby Liverpool L23 5SF

16/22 Liverpool Road
Crosby
Liverpool
L23 5SF

Freehold Bank and Retail Investment

Majority Let to Barclays Bank Plc
Prime pedestrianised Town Centre location
Outstanding Barclays Rent Review (3)
2017 Tenant break option Not exercised
Adjacent to 120 space car park
Nearby occupiers include Sainsbury's, Boots the Chemist, Superdrug and Costa Coffee
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
22
Auction
30th March 2017
Rent
£80,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank and Retail Investment

Majority Let to Barclays Bank Plc
Prime pedestrianised Town Centre location
Outstanding Barclays Rent Review (3)
2017 Tenant break option Not exercised
Adjacent to 120 space car park
Nearby occupiers include Sainsbury's, Boots the Chemist, Superdrug and Costa Coffee
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 22
Auction 30th March 2017
Rent £80,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles north of Liverpool, 35 miles west of Manchester
Roads: M62, M58, M57, A565
Rail: Blundellsands & Crosby Railway Station
Air: Liverpool John Lennon Airport

Situation

The property is situated in a prominent position on the west side of the pedestrianised Liverpool Road, close to its junction with Moor Lane. The property is situated adjacent to Boots the Chemist with nearby occupiers including Sainsbury's supermarket, Costa Coffee and Superdrug.

Tenure

Freehold.

Location

Miles: 6 miles north of Liverpool, 35 miles west of Manchester
Roads: M62, M58, M57, A565
Rail: Blundellsands & Crosby Railway Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property, an attractive and substantial quadruple fronted modern building, comprises two retail units, one a triple fronted unit used as a banking hall on the ground floor with ancillary accommodation on the entire first floor and the second a single lock-up retail unit used as a bar. The property benefits from rear access. There is a public car park at the rear of the property.

VAT

VAT is applicable to this lot.

Completion Period

Eight 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

Eight 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	Reviews
16/22	Ground First	Retail Ancillary	175.60 sq m 175.40 sq m	(1,890 sq ft) (1,888 sq ft) (3)	BARCLAYS BANK PLC (1)	30 years from 01/03/1992	£65,500	01/03/2017 (3)
16	Ground	Retail	60.50 sq m	(652 sq ft)	N AND T CROSBY LTD (t/a Tides Bar)	15 years from 03/04/2012 until 2027 (2)	£14,500	03/04/2017 03/04/2022
Total			411.50 sq m	(4,430 sq ft)			£80,000

(1) For the year ending 31st December 2015, Barclays Bank Plc reported pre tax profits of £2,841,000,000 and a total net worth of £55,845,000,000. (Source: Experian Group: 14/02/2017).
(2) The tenant has not exercised the 2017 option to determine the lease. The lease provides for another tenant option to determine the lease on 3rd April 2022.
(3) As to the lease in favour of Barclays Bank, the first floor area stated in the lease within the Rent Review clause is 2,635 sq ft. The seller has served a Rent Review notice quoting a new rent of £67,500 per annum exclusive in relation to the outstanding March 2017 Rent Review, which has been acknowledged by the tenant.