The property is located in a mixed commercial and residential area on the western side of Greenbank Street, between Ripon Street and Eldon Street, approximately one mile north-east of Preston City Centre. Other occupiers in the area include Jewson, Complete Bathrooms and Kitchens, Enterprise Rent- A-Car and a number of independent trade counter occupiers, as well as being within walking distance of The University of Central Lancashire (UCLAN).
Tenure
Freehold. (2) Majority Freehold. The majority of the property is
held freehold with part of the yard area being held
long leasehold for a term of 1000 years from
02/05/1860 until 01/05/2860 at a nominal rent.
Please see the Legal Pack for further information.
Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
The property is located in a mixed commercial and residential area on the western side of Greenbank Street, between Ripon Street and Eldon Street, approximately one mile north-east of Preston City Centre. Other occupiers in the area include Jewson, Complete Bathrooms and Kitchens, Enterprise Rent- A-Car and a number of independent trade counter occupiers, as well as being within walking distance of The University of Central Lancashire (UCLAN).
Tenure
Freehold. (2) Majority Freehold. The majority of the property is
held freehold with part of the yard area being held
long leasehold for a term of 1000 years from
02/05/1860 until 01/05/2860 at a nominal rent.
Please see the Legal Pack for further information.
Description
The property comprises a bowling alley with 24 bowling lanes, bar/dining area and children’s party room with ancillary accommodation at first floor. The property has a site area of approximately 1.2 acres with a site coverage of c. 50% and provides car parking for approximately 70 cars.
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 a bowling alley with 24 bowling lanes, bar/dining area and children’s party room with ancillary accommodation at first floor. The property has a site area of approximately 1.2 acres with a site coverage of c. 50% and provides car parking for approximately 70 cars.
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
Reviews
Ground
First
Bowling Alley/Bar & Restaurant/Ancillary Disused
2,719.99 sq m
-
(29, 278 sq ft)
14 (-)
MFA BOWL LIMITED (1) t/a MFA Superbowl
25 years from 29/05/2012 until 28/05/2037 on a full repairing and insuring lease
£125,000
29/05/2017 and five yearly thereafter
Totals
2,719.99 sq m
(29, 278 sq ft)
£125,000
(1) MFA Bowl Limited operate 31 bowling centres throughout the UK and the Channel Islands in locations including Leeds, Nottingham, Sheffield, Chichester, Horsham, Luton and Newcastle. For the year ending 3rd April 2016, MFA Bowl Limited reported a turnover of £16,972,171, pre-tax profits of £208,987 and a total net worth of £4,946,875 (Sources: www.mfabowl.com and Experian Group 27/02/2017).
