278 East Prescot Road (A57) Knotty Ash Liverpool Merseyside L14 7NH

278 East Prescot Road (A57)
Knotty Ash
Liverpool
Merseyside
L14 7NH

Freehold Motor Trade Investment

Let to Europcar Group UK Limited
Lease expires in December 2031 (No Breaks)
5 yearly rent reviews to the greater of Open Market Rental Value or annually compounded RPI linked rental increases subject to a minimum of 2% per annum and a maximum of 4% per annum

Lot
37
Auction
19th October 2017
Rent
£34,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Motor Trade Investment

Let to Europcar Group UK Limited
Lease expires in December 2031 (No Breaks)
5 yearly rent reviews to the greater of Open Market Rental Value or annually compounded RPI linked rental increases subject to a minimum of 2% per annum and a maximum of 4% per annum

Lot 37
Auction 19th October 2017
Rent £34,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 4 miles east of Liverpool; 27 miles west of Manchester
Roads: M62, M57, A57
Rail: Broad Green Railway Station; Liverpool Lime Street Station
Air: Liverpool John Lennon Airport

Situation

Knotty Ash is a predominantly residential suburb situated approximately 4 miles east of Liverpool City Centre. The property is prominently positioned on the south side of East
Prescot Road (A57) at the busy junction of Eaton Road, opposite Alder Hey Children's Hospital. Nearby occupiers include Aldi, William Hill, Kwik Fit, KFC and Pizza Hut.

Tenure

Freehold.

Location

Miles: 4 miles east of Liverpool; 27 miles west of Manchester
Roads: M62, M57, A57
Rail: Broad Green Railway Station; Liverpool Lime Street Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a double bay warehouse unit that benefits from three vehicle access loading doors. The property also benefits from a large forecourt with a canopy for parking and displaying cars to rent. The tenant also occupies land to the south of the site, which is outside of the property being offered for sale.

VAT

VAT is not 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 not 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
Ground	Office and Ancillary	713.29 sq m	(7,678 sq ft)	EUROPCAR GROUP UK LTD (1)	15 years from 13/12/2016 until 18/03/2032	£34,000	13/12/2021 (2) and 13/12/2026
Total		713.29 sq m	(7,678 sq ft)			£34,000

(1) For the year ending 31st December 2016, Europcar Group UK Limited reported a turnover of £333,379,000, pre-tax profits of £13,186,000 and a total net worth of £70,009,000 (Source: Experian Group 14/09/2017).
(2) The lease provides for the rent to be increased every five years in line with the Retail Price Index (RPI) (subject to a minimum of 2% per annum and a maximum of 4% per annum) or Open Market Rental Value, whichever is the greater.