21 - 23 Church Street Liverpool L1 1DA

21 - 23 Church Street
Liverpool
L1 1DA

Highly Reversionary Freehold Retail Ground Rent Investment

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Withdrawn Prior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
Auction Venue
Live Streamed Auction
On Behalf of Liverpool City Council

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Highly Reversionary Freehold Retail Ground Rent Investment

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Status Withdrawn Prior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

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.

Completion Period

Six Week Completion

EPC

Band G. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second Basement	Retail Ancillary Ancillary Ancillary	182.64 sq m 155.89 sq m 130.88 sq m 119.70 sq m	(1,966 sq ft) (1,678 sq ft) (1,409 sq ft) (1,288 sq ft)	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.