Prime retail unit in heart of the City Centre comprising 598 sq m (6,341 sq ft)
Let to Vabeld Uk Ltd with 88 years unexpired
Currently sublet to Watches of Switzerland Company Ltd t/a Goldsmiths at a subrent of £381,000 pa.
Nearby occupiers include TK Maxx, Primark, Costa, Lush, Vodafone and McDonald's
Lot 6
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Status Withdrawn Prior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 Church 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-west. Nearby occupiers include TK Maxx, Primark, Costa, Lush, 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 Church 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-west. Nearby occupiers include TK Maxx, Primark, Costa, Lush, Vodafone and McDonald's.
Tenure
Freehold.
Description
The property comprises a substantial building currently arranged to provide ground floor retail accommodation with first, second and basement 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
Band G. See legal pack.
Description
The property comprises a substantial building currently arranged to provide ground floor retail accommodation with first, second and basement 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.
VABELD UK LIMITED (1) Sublet to Watches of Switzerland Company Ltd t/a Goldsmiths
125 years from 18/10/1983
Peppercorn
17/10/2108
Total
589.11 sq m
(6,341 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 Watches of Switzerland Company Ltd t/a Goldsmiths on a 25 year lease from 29/09/1998 at a rent of £381,000 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.
