Virtual Freehold Convenience Store Investment
Virtual Freehold Convenience Store Investment
The property is prominently located on the east side of the busy St Helens Road (A579) in a predominantly residential area, 1.5 miles south-west of Bolton Town Centre. The property forms part of a local parade of shops and neighbouring occupiers include a mix of local restaurants and retailers.
Virtual Freehold. Held for a term of 992 years (less 3 days) from 12th February 1876 at a fixed rent of 23 and 3 shillings per annum. (1)
The property is prominently located on the east side of the busy St Helens Road (A579) in a predominantly residential area, 1.5 miles south-west of Bolton Town Centre. The property forms part of a local parade of shops and neighbouring occupiers include a mix of local restaurants and retailers.
Virtual Freehold. Held for a term of 992 years (less 3 days) from 12th February 1876 at a fixed rent of 23 and 3 shillings per annum. (1)
The property comprises ground floor convenience store with first floor ancillary accommodation. The property benefits from a substantial frontage onto the busy St Helens Road and a yard to the rear providing delivery access via Perth Street and car parking for approximately 5 cars.
VAT is not applicable to this lot.
Six Week Completion
Band D. See legal pack.
The property comprises ground floor convenience store with first floor ancillary accommodation. The property benefits from a substantial frontage onto the busy St Helens Road and a yard to the rear providing delivery access via Perth Street and car parking for approximately 5 cars.
VAT is not applicable to this lot.
Six Week Completion
Band D. See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
324.08 sq m 21.80 sq m |
(3,488 sq ft) (234 sq ft) |
MARTIN MCCOLL LIMITED (2) |
20 years from 30/03/2015 of a full repairing and insuring lease |
£33,122 | 5 yearly Fixed increases to £36,570pax in 2025 and £40,376 pax in 2030 (29/03/2035) |
| Total |
345.88 sq m |
(3,722 sq ft) (3) |
£33,122 | ||||
(1) The ground rent has been paid by the seller up until 2036.
(2) For the year ending 25 November 2018, Martin McColl Limited reported a turnover of 835,333,000, pre-tax profits of 34,718,000 and shareholders funds of 218,271,000 (Source: SmartSearch 26/08/2020).
(3) The floor areas stated above have been adopted by the Valuation Office Agency.
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.
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