Let to Holland & Barrett Retail Limited on a new lease until 2024 (subject to option)
Prime pedestrianised town centre location
Neighbouring occupiers include Primark, Marks & Spencer, WH Smith, Boots the Chemist, Pandora, Costa Coffee and Santander
Lot 23
Auction 11th December 2019
Rent £40,000 per Annum Exclusive
Status Sold
Price £400,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
16 miles north of Liverpool
19 miles south-west of Preston
Roads
A565, A570, M6, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
The property is situated on the north side of pedestrianised Chapel Street, in the heart of the town centre. Marble Place Shopping Centre is opposite, with neighbouring occupiers including Primark, Marks & Spencer, WH Smith, Boots the Chemist, Pandora, Costa Coffee and Santander.
Tenure
Freehold.
Location
Miles
16 miles north of Liverpool
19 miles south-west of Preston
Roads
A565, A570, M6, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
The property is situated on the north side of pedestrianised Chapel Street, in the heart of the town centre. Marble Place Shopping Centre is opposite, with neighbouring occupiers including Primark, Marks & Spencer, WH Smith, Boots the Chemist, Pandora, Costa Coffee and Santander.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Ancillary Ancillary
149.92 sq m 74.58 sq m 68.50 sq m
(1,614 sq ft) (803 sq ft) (737 sq ft)
HOLLAND & BARRETT RETAIL LIMITED (1)
5 years from 30/09/2019 (2) on a full repairing and insuring lease
£40,000 (3)
29/09/2024
Totals
293 sq m
(3,154 sq ft)
£40,000 (3)
(1) For the year ending 30th September 2018, Holland & Barrett Retail Limited reported a turnover of £478,649,000, pre-tax profits of £66,605,000 and a total net worth of £299,406,000 (Source: Experian Group 12/11/2019). (2) The lease provides for a tenant option to determine on 30/09/2022. The lease provides for a rent free period from 30th September 2022 until 29th December 2022. (3) The lease provides for the rent commencement date of 30th March 2020. The seller will pay the buyer the rent that would have been due from completion of the sale until 30th March 2020.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
