Pedestrianised city centre location adjacent to Greggs
Part let to Leicestershire County Council on a lease expiring 2050 (sublet)
Includes 2 vacant shops
Close proximity to Blackpool Tower and The Winter Gardens
Nearby occupiers include Pizza Express, Greggs, British Heart Foundation and Costa Coffee
Lot 50
Auction 12th February 2020
Rent £1,000 per Annum Exclusive
Status Sold
Price £150,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On Behalf of a Major Fund Manager
Property Information
Location
Miles
18 miles west of Preston
28 miles west of Blackburn
56 miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4),
M6 (Junction 32)
Rail
Blackpool North Rail
Air
Blackpool International Airport
Liverpool John Lennon Airport
Manchester International Airport
Situation
The property is situated in a prominent position on the northern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre Blackpool and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including
Marks & Spencer, Pizza Express, Greggs, British Heart Foundation, Halifax, Savers and Costa Coffee.
Tenure
Freehold. 68 & 70 Church Street is Freehold.
64/66 Church Street is Leasehold. Held on 2 leases both for 100 years (less 10 days) from 1st August 1951 at a combined rent of £1,500 p.a. (Rent fixed for the term)
Location
Miles
18 miles west of Preston
28 miles west of Blackburn
56 miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4),
M6 (Junction 32)
Rail
Blackpool North Rail
Air
Blackpool International Airport
Liverpool John Lennon Airport
Manchester International Airport
Situation
The property is situated in a prominent position on the northern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre Blackpool and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including
Marks & Spencer, Pizza Express, Greggs, British Heart Foundation, Halifax, Savers and Costa Coffee.
Tenure
Freehold. 68 & 70 Church Street is Freehold.
64/66 Church Street is Leasehold. Held on 2 leases both for 100 years (less 10 days) from 1st August 1951 at a combined rent of £1,500 p.a. (Rent fixed for the term)
Description
The property comprises three shops all arranged on ground and first floors.
VAT
VAT is applicable to this lot.
Planning
68 & 70 Church Street may benefit from part conversion to residential use, subject to the necessary consents/permissions.
Interested parties are referred to Blackpool Council (www.blackpool.gov.uk).
EPC
See legal pack at acuitus.co.uk
Description
The property comprises three shops all arranged on ground and first floors.
VAT
VAT is applicable to this lot.
Planning
68 & 70 Church Street may benefit from part conversion to residential use, subject to the necessary consents/permissions.
Interested parties are referred to Blackpool Council (www.blackpool.gov.uk).
EPC
See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Floor
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
64/66 Church Street Ground First
Retail Ancillary
156 sq m 28 sq m
(1,679 sq ft) (301 sq ft)
LEICESTERSHIRE COUNTY COUNCIL (sublet) (1)
Term of 99 years from 1/08/1951 expiring 20/07/2050
£1,000
20/07/2050
68 Church Street Ground First
Retail Ancillary
121 sq m 151 sq m
(1,302 sq ft) 1,625 sq ft)
VACANT
70 Church Street Ground First
Retail Ancillary
169 sq m 181 sq m
(1,819 sq ft) (1,949 sq ft)
VACANT
Total
806 sq m
(8,675 sq ft)
£1,000
(1) The shop is sublet and trades as Poundbakery/Poundcafe
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.
Contacts
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays Sheffield S2 5SY
