Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
Warrington is a large town in Cheshire approximately 17 miles south-west of Manchester and 18 miles east of Liverpool. The property is located on the south side of Buttermarket Street and benefits from good road access being 100 yards from the A49, providing access to the M62. Nearby occupiers include PureGym, Papa John's, and various independent retailers.
Freehold.
Warrington is a large town in Cheshire approximately 17 miles south-west of Manchester and 18 miles east of Liverpool. The property is located on the south side of Buttermarket Street and benefits from good road access being 100 yards from the A49, providing access to the M62. Nearby occupiers include PureGym, Papa John's, and various independent retailers.
Freehold.
The property comprises a double-fronted three storey building arranged as a ground floor shop, with residential accommodation on the first and second floors, which are accessed from the rear.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at www.acuitus.co.uk.
The property comprises a double-fronted three storey building arranged as a ground floor shop, with residential accommodation on the first and second floors, which are accessed from the rear.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at www.acuitus.co.uk.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground | Retail | 120.90 sq m |
(1,301 sq ft) |
WILLIAM HILL ORGANIZATION LIMITED (1) |
A term of years expiring 24/12/2024 (2) |
£14,000 |
| First (106a) | Residential - 2 bed flat |
- |
(-) |
INDIVIDUAL | 1 year AST from 10/07/2020 at £375 pcm |
£4,500 |
| Second (108a) | Residential - 2 bed flat |
- |
(-) |
INDIVIDUAL | 1 year AST from 25/09/2020 at £425 pcm |
£5,100 |
(1) For the year ending 31/12/2019, William Hill Organization Limited reported a turnover of £701,500,000, pre tax profits of £2,500,000 and shareholder's funds of £267,600,000 (Source: NorthRow 20/05/2021).
(2) The shop was originally let for a term of 10 years from 25/12/2011, but has recently been extended by way of a reversionary lease for a further term of 3 years from 25/12/2021, thus expiring on 24/12/2024.
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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