60 Market Street Chorley Lancashire PR7 2SE

60 Market Street
Chorley
Lancashire
PR7 2SE

Freehold Retail Investment

Let to Optisavers Limited
Lease expires in November 2032 (no breaks)
Lease extended in 2017 with no incentives given to the tenant
Prominently situated on Market Street close to Chapel Street and the town's covered market
Nearby occupiers include Greggs, Specsavers, Clarks and various banks
VAT-free investment

Lot
47
Auction
24th October 2019
Rent
£24,000 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 Optisavers Limited
Lease expires in November 2032 (no breaks)
Lease extended in 2017 with no incentives given to the tenant
Prominently situated on Market Street close to Chapel Street and the town's covered market
Nearby occupiers include Greggs, Specsavers, Clarks and various banks
VAT-free investment

Lot 47
Auction 24th October 2019
Rent £24,000 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: 9 miles south of Preston; 10 miles south-west of Blackburn; 25 miles north-west of Manchester
Roads: A6, M6, M61, M65
Rail: Chorley Station
Air: Manchester Airport

Situation

Chorley is located 9 miles south of Preston and 25 miles north-west of Manchester. The property is located on the west side of Market Street, close to its junction with Chapel Street and St George's Street. The property is located close to Market Place, Chorley's covered market which operates five days a week. Nearby occupiers include Greggs, Specsavers, Clarks and various banks.

Tenure

Freehold.

Location

Miles: 9 miles south of Preston; 10 miles south-west of Blackburn; 25 miles north-west of Manchester
Roads: A6, M6, M61, M65
Rail: Chorley Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a three storey building arranged as a ground floor optician, with first and second floor ancillary accommodation above.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a three storey building arranged as a ground floor optician, with first and second floor ancillary accommodation above.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Retail Ancillary	62.99 sq m 52.50 sq m	(678 sq ft) (565 sq ft)	OPTISAVERS LIMITED (1)	29 years from 28/11/2003 until 27/11/2032 (2) on a full repairing and insuring lease	£24,000	28/11/2027 28/11/2030
Second	Ancillary	Not Measured		OPTISAVERS LIMITED (1)		£24,000	28/11/2027 28/11/2030
Totals		115.49 sq m	(1,243 sq ft)			£24,000

(1) Optisavers Opticians and Hearing Centres is a family owned independent opticians and hearing care company which is celebrating over 28 years of service and now operates from six shops across North West England.
(2) By way of a Deed dated 29/11/2017, the lease was extended to expire on 27/11/2032, with additional rent reviews in November 2027 and November 2030.