Feb 2018 Bonmarché reported turnover £190m, pretax profit £5.7m and net worth £30m
Nearby occupiers include Greggs, Yorkshire Building Society and Iceland
Lot 51
Auction 28th March 2018
Rent £38,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2 miles west of Port Glasgow, 22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Cartsdyke and Whinhill Railway, Stations (31 minutes to Glasgow Central)
Air
Glasgow International Airport
Situation
The property is situated in the prime shopping pitch within Greenock town centre, a short distance from the Oakmall Shopping Centre. Greenock West and Greenock Central railway stations are close by, together with a number of bus routes serving the area. Nearby occupiers include Iceland, Subway, Brighthouse, Betfred, Nationwide, Cancer Research UK and The Money Shop.
Tenure
Heritable.
Location
Miles
2 miles west of Port Glasgow, 22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Cartsdyke and Whinhill Railway, Stations (31 minutes to Glasgow Central)
Air
Glasgow International Airport
Situation
The property is situated in the prime shopping pitch within Greenock town centre, a short distance from the Oakmall Shopping Centre. Greenock West and Greenock Central railway stations are close by, together with a number of bus routes serving the area. Nearby occupiers include Iceland, Subway, Brighthouse, Betfred, Nationwide, Cancer Research UK and The Money Shop.
Tenure
Heritable.
Description
The property comprises a modern self-contained retail unit arranged over ground and first floors. The ground floor is predominantly used for sales with the first floor used for storage and staff areas.
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 modern self-contained retail unit arranged over ground and first floors. The ground floor is predominantly used for sales with the first floor used for storage and staff areas.
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
Reversion
Ground First
Retail Ancillary
279.35 sq m 122.63 sq m
(3,007 sq ft) (1,320 sq ft)
BONMARCHE LIMITED (1)
20 years from 28/4/2003 on a full repairing and insuring lease (2)
£38,000
27/4/2023
Total
401.98 sq m
(4,327 sq ft)
£38,000
(1) For the year ending 1st April 2017, Bonmarché Limited reported a turnover of £190,068,000, pre-tax profits of £5,719,000 and a net worth of £30,077,000 (Source: Experian Group 20/02/2018). (2) The original 15 year lease from 28th April 2003 to 27th April 2018 has been extended by virtue of a minute of variation to the lease by 5 years with the option to determine the lease on 28th April 2021. The rent has been re-based from £65,000 p.a.x to £38,000 p.a.x. The minute of variation provides for a rent free period from 29th April 2018 to 28th July 2018 and from 29th April 2021 to 28th July 2021 in the event that the tenant does not exercise the tenant option to determine the lease on 28/4/2021.
