Freehold Retail/Motor Trade Investment let to Kwik-Fit Properties Ltd
Let to Kwik-Fit Properties Ltd (guaranteed by Kwik-Fit Holdings Ltd) until 2029
Entirely sublet to Carpet Superstores Limited with personal guarantee until 2029 at the passing rent
100m from Eden Square Shopping Centre and Urmston Railway Station
Nearby occupiers include JD Wetherspoon, Iceland and Barnardo's
Lot 39
Auction 23rd May 2019
Rent £49,854 per Annum Exclusive
Status Sold
Price £620,000
Sector Motor Trade, Petrol Station
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
5.8 miles south-west of Manchester
Roads
B5214, M60 (Junction 9)
Rail
Urmston Rail
Air
Manchester Airport
Situation
Urmston is a commuter town located some 5.8 miles south west of Manchester city centre, just off junction 9 of the M6 Motorway. The property is situated on the busy Flixton Road, some 100m from Urmston Railway Station and the Eden Square Shopping Centre. Eden Square houses occupiers include Boots, Aldi and Iceland. Other nearby occupiers include JD Wetherspoon, Domino's and Barnardo's.
Tenure
Freehold.
Location
Miles
5.8 miles south-west of Manchester
Roads
B5214, M60 (Junction 9)
Rail
Urmston Rail
Air
Manchester Airport
Situation
Urmston is a commuter town located some 5.8 miles south west of Manchester city centre, just off junction 9 of the M6 Motorway. The property is situated on the busy Flixton Road, some 100m from Urmston Railway Station and the Eden Square Shopping Centre. Eden Square houses occupiers include Boots, Aldi and Iceland. Other nearby occupiers include JD Wetherspoon, Domino's and Barnardo's.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit and benefits from forecourt parking for approximately 9 cars.
VAT
VAT is applicable to this lot.
EPC
Band B. See legal pack at acuitus.co.uk.
Description
The property comprises a ground floor retail unit and benefits from forecourt parking for approximately 9 cars.
VAT
VAT is applicable to this lot.
EPC
Band B. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Retail
386.50 sq m
(4,159 sq ft)
KWIK-FIT PROPERTIES LIMITED guaranteed by Kwik-Fit Holdings Limited (1) (2)
30 years from 24/02/1999 on a full repairing and insuring lease
£49,854.95
24/02/2024 (23/02/2029)
Total
386.50 sq m
(4,159 sq ft)
£49,854.95
(1) Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 centres (Source: www.kwikfit.com 24/04/2019). (2) The property has been sublet to Carpet Superstores Limited with a personal guarantee from 27/06/2013 until 23/02/2029 at a current passing rent of £49,854.95. The sublease is available to view within the legal pack.
