Prime retail unit in heart of the City Centre comprising 658 sq m (7,086 sq ft)
Let to Vabeld Uk Ltd with 166 years unexpired
Currently sublet to Bank of Scotland plc t/a Halifax at a subrent of £475,000 pa.
Nearby occupiers include Metro Bank, HSBC, J D Sports, Boots, Starbucks Coffee, Vodafone and McDonald's.
Lot 2
Auction 25th March 2021
Status Withdrawn Prior
Price
Sector Ground Rent
Auction Venue Live Streamed Auction
On Behalf of Liverpool City Council
Property Information
Location
Miles
30 miles west of Manchester
Roads
A57, A5036, A59, M53 (Junction 1)
Rail
Liverpool Lime Street Station
Air
Liverpool John Lennon Airport
Situation
Liverpool is the second largest city in the North West of England and is one of the most popular retail and tourism destinations in the UK. The property occupies a prominent position on the busy and pedestrianised Paradise Street, Liverpool's prime retailing pitch. The property benefits from strong footfall from Liverpool Lime Street Rail Station to the north-east, Clayton Square Shopping Centre to the east and Liverpool ONE shopping centre to the south. Nearby occupiers include Metro Bank, HSBC, J D Sports, Boots, Starbucks Coffee, Vodafone and McDonald's.
Tenure
Freehold.
Location
Miles
30 miles west of Manchester
Roads
A57, A5036, A59, M53 (Junction 1)
Rail
Liverpool Lime Street Station
Air
Liverpool John Lennon Airport
Situation
Liverpool is the second largest city in the North West of England and is one of the most popular retail and tourism destinations in the UK. The property occupies a prominent position on the busy and pedestrianised Paradise Street, Liverpool's prime retailing pitch. The property benefits from strong footfall from Liverpool Lime Street Rail Station to the north-east, Clayton Square Shopping Centre to the east and Liverpool ONE shopping centre to the south. Nearby occupiers include Metro Bank, HSBC, J D Sports, Boots, Starbucks Coffee, Vodafone and McDonald's.
Tenure
Freehold.
Description
The property comprises a substantial building currently arranged to provide ground floor retail accommodation with first and second floor ancillary accommodation.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1% VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Banc C. See legal pack.
Description
The property comprises a substantial building currently arranged to provide ground floor retail accommodation with first and second floor ancillary accommodation.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1% VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Banc C. See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Ancillary Ancillary
247.21 sq m 232.86 sq m 178.29 sq m
(2,661 sq ft) (2,506 sq ft) (1,919 sq ft)
VABELD UK LIMITED (1) sublet to Bank of Scotland plc t/a Halifax (2)
190 years from 27/03/1996
Peppercorn
26/03/2186
Total
658.36 sq m
(7,086 sq ft)
Peppercorn
(1) For the year ending 31st December 2019, Vabeld UK Limited reported total assets of £114,364,260 and shareholders funds of £5,205,075 (Source: NorthRow 29/01/2021). (2) The property has been sublet to Bank of Scotland plc t/a Halifax on a 26 year lease from 04/01/2002 at a rent of £475,000 pa.
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.
