Tenants include O2 (UK) Limited, Orange Personal Communications Services Ltd and T Mobile (UK) Limited
Offered with vacant possession (subject to advertising hoardings and telecom masts)
Opportunity for change of use (subject to consents)
Prominent corner position
Approximately 1,258.20 sq m (13,543 sq ft) and 0.10 hectares (0.25 acres)
Nearby occupiers Include Tesco Superstore, Co-Op and McDonald's.
Lot 30
Auction 7th July 2011
Rent £51,079 per Annum Exclusive
Status Sold
Price £300,000
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2.5 miles to Liverpool city centre, 34 miles west of Manchester, 55 miles north-west of Newcastle-under-Lyme
Roads
A561, A5058, A5080, M62, M57
Rail
St Michaels Railway Station and Liverpool Central
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent corner position at the junction of Park Road (A561) and Dingle Lane. The property benefits from its proximity to Liverpool city centre (via Park Road), and from nearby occupiers including Tesco's, Co-Op and McDonald's.
Tenure
Freehold.
Location
Miles
2.5 miles to Liverpool city centre, 34 miles west of Manchester, 55 miles north-west of Newcastle-under-Lyme
Roads
A561, A5058, A5080, M62, M57
Rail
St Michaels Railway Station and Liverpool Central
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent corner position at the junction of Park Road (A561) and Dingle Lane. The property benefits from its proximity to Liverpool city centre (via Park Road), and from nearby occupiers including Tesco's, Co-Op and McDonald's.
Tenure
Freehold.
Description
The property, a former cinema and bingo hall, comprises an auditorium, storage, office and ancillary accommodation. The property also benefits from a number of telecommunication masts on the roof and advertising hoardings on the elevations.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a former cinema and bingo hall, comprises an auditorium, storage, office and ancillary accommodation. The property also benefits from a number of telecommunication masts on the roof and advertising hoardings on the elevations.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
904.08 sq m Not Measured 261.41 sq m 38.04 sq m 54.67 sq m Not Measured
(9,732 sq ft) Not Measured (2,814 sq ft) (409 sq ft) (588 sq ft) Not Measured
VACANT POSSESSION
Roof
Telecom Mast
O2 (UK) LIMITED (1)
15 years from 09/08/2003
£15,523.99
09/08/2013 (08/08/2018) (2)
Roof
Telecom Mast
ORANGE PERSONAL COMMUNICATIONS SERVICES LTD (3)
20 years from 01/07/2002 (4)
£11,765.04
01/07/2012 and five yearly (30/06/2022) (2)
Roof
Telecom Mast
T MOBILE (UK) LTD (5)
20 years from 04/03/2003 (6)
£11,790.30
04/03/2013 and five yearly (04/03/2023) (2)
Elevations
2 Advertising Hoardings
CITY OUTDOOR LIMITED
3 years from 01/11/2009 (7)
£12,000
(30/10/2012)
Totals
1,258.20 sq m
(13,543 sq ft)
£51,079.33
(1) Telefonica SA is the ultimate holding company of O2 (UK) Limited. The company acquired O2 in the UK, Germany and Ireland in 2006. Telefonica is one of the world's leading integrated operators in the telecommunication sector and operates in 25 countries. As of March 2011, Telefonica's total number of customers amounted to 290.5 million. The Group stands in fifth position in the sector Telco worldwide in terms of market capitalisation and is a 100% private company with more than 1.5 million direct shareholders. (Source: www.telefonica.com 10/06/2011) (2) The rent is subject to five yearly fixed increases to the Retail Price Index. (3) Orange is the key brand of France Telecom, one of the world's leading telecommunications operators. At the end of 2010, France Telecom had sales of 45.503 billion euros (11.228 billion euros at March 31, 2011). At 31st March 2011, the Group had a total customer base of almost 216 million customers. Orange is one of the main European operators for mobile and broadband internet services and, under the brand Orange Business Services, is one of the world leaders in providing telecommunication services to multinational companies. (Source: www.orange.com 08/06/2011) (4) There is a tenant option to break subject to 6 months' prior written notice if the premises are deemed no longer suitable. (5) T Mobile (UK) Ltd is a subsidiary of T-Mobile Holdings Limited. On 1st July 2010, T-Mobile UK became part of Everything Everywhere Limited - the company formed through the merger of T-Mobile UK and Orange UK. Owned jointly by Deutsche Telekom and France Telecom, Everything Everywhere Limited is the UK's biggest communications company, with a combined customer base of almost 28 million people and more than 720 retail stores across the country. (Source: www.t-mobile.co.uk 10/06/2011) (6) There is a tenant option to break at any time after the tenth anniversary of the term, subject to 12 months' prior written notice if the premises are deemed no longer suitable. (7) Please note that the billboards are let on a licence.
Contacts
Associate Auctioneers
Edward Symmons LLP 5 St Paul?s Square Liverpool L3 9SL +44 (0)151 236 6679
