30 - 32 Witton Street Northwich Cheshire CW9 5AJ

30 - 32 Witton Street
Northwich
Cheshire
CW9 5AJ

Freehold Retail Investment

Let to WH Smith Retail Holdings Limited on a reversionary lease until 2028 (no breaks)
Upwards only rent review July 2023
Rebased rent
Prominent town centre location
Neighbouring occupiers include Boots the Chemist, Clarks, Santander, Halifax, Iceland and Vodafone

Lot
2
Auction
23rd May 2019
Rent
£52,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Retail Investment

Let to WH Smith Retail Holdings Limited on a reversionary lease until 2028 (no breaks)
Upwards only rent review July 2023
Rebased rent
Prominent town centre location
Neighbouring occupiers include Boots the Chemist, Clarks, Santander, Halifax, Iceland and Vodafone

Lot 2
Auction 23rd May 2019
Rent £52,500 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 20 miles south-west of Manchester; 23 miles south-east of Liverpool
Roads: A533, A559, M56, M6
Rail: Northwich Rail Station
Air: Manchester International Airport

Situation

The property is prominently located at the junction of the pedestrianised Witton Street and Leicester Street in the heart of the town centre, 150 metres from the entrance to Barons Quay Shopping Centre. Neighbouring occupiers include Boots the Chemist, Clarks, Santander, Halifax, Iceland and Vodafone.

Tenure

Freehold.

Location

Miles: 20 miles south-west of Manchester; 23 miles south-east of Liverpool
Roads: A533, A559, M56, M6
Rail: Northwich Rail Station
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted building with retail accommodation on the ground floor and ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Description

The property comprises a double fronted building with retail accommodation on the ground floor and ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First	Retail Ancillary	248.00 sq m 167.70 sq m	(2,670 sq ft) (1,805 sq ft)	WH SMITH RETAIL HOLDINGS LIMITED (1)	10 years from 25/07/2018 on a full repairing and insuring lease	£52,500	25/07/2023 (24/07/2028)
Total		415.7 sq m	(4,475 sq ft)			£52,500

(1) For the year ending 31st August 2018, WH Smith Retail Holdings Limited reported a turnover of £180,610,000, pre-tax profits of £115,766,000 and a total net worth of £440,313,000 (Source: Experian Group 29/04/2019).