340 Park Road Liverpool Merseyside L8 4UE

340 Park Road
Liverpool
Merseyside
L8 4UE

Freehold Retail Investment

Let to B&M Retail Limited
Approximately 23,180 sq ft
Large site area of approximately 1.55 acres (0.62 hectares)
Car parking for approximately 90 cars
Prominent position fronting Park Road with retailers including Tesco Extra, JobCentre Plus and Urban Space Self Storage
Located in predominantly residential area

Lot
32
Auction
4th April 2019
Rent
£180,500 per Annum Exclusive
Status
Sold
Price
£2,950,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to B&M Retail Limited
Approximately 23,180 sq ft
Large site area of approximately 1.55 acres (0.62 hectares)
Car parking for approximately 90 cars
Prominent position fronting Park Road with retailers including Tesco Extra, JobCentre Plus and Urban Space Self Storage
Located in predominantly residential area

Lot 32
Auction 4th April 2019
Rent £180,500 per Annum Exclusive
Status Sold
Price £2,950,000
Sector
Retail Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles south of Liverpool city centre, 11 miles south-west of St Helens, 11 miles north Mersey Gateway Bridge
Roads: A561, M62 (junction 4)
Rail: Brunswick Railway Station
Air: Liverpool John Lennon Airport

Situation

The property lies approximately 3 miles south of Liverpool city centre in a predominantly residential area. The property is situated on the southern side of Park Road (A561), which connects to Parliament Street and Upper Parliament Street (A562) to the north. Other occupiers on Park Road include Tesco Extra, JobCentre Plus, Urban Space Self Storage and Lifestyles Park Road Fitness Centre.

Tenure

Freehold.

Location

Miles: 3 miles south of Liverpool city centre, 11 miles south-west of St Helens, 11 miles north Mersey Gateway Bridge
Roads: A561, M62 (junction 4)
Rail: Brunswick Railway Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a purpose built unit providing retail and ancillary accommodation on the ground floor. The property benefits from car parking for approximately 90 cars and secure loading area to the side.

VAT

VAT is applicable to this lot.

EPC

Available in the legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

Available in the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground	Retail/Ancillary	2,153.50 sq m	(23,180 sq ft)	B&M RETAIL LIMITED (1)	25 years from 23/12/1994 on a full repairing and insuring lease expiring 22/12/2019	£180,500
Total		2,153.50 sq m	(23,180 sq ft)			£180,500

(1) “B&M was formed in 1978 and is now on of the leading variety retailers in the UK. B&M has grown to over 600 stores and employs over 28,000 staff. We attract over 4 million happy customers through our doors a week” (Source: www.bmstores.co.uk). For the year ending 31st March 2018, B&M Retail Limited reported a turnover of £2,629,145,000, pre-tax profits of £236,006,000 and a total net worth of £600,542,000 (Source: Experian Group 19/02/2019). Part of the property has been sublet to Post Office Limited.