124 Market Street Farnworth Bolton Lancashire BL4 9AE

124 Market Street
Farnworth
Bolton
Lancashire
BL4 9AE

Virtual Freehold Ground Floor Retail Opportunity

Ground Floor Retail Unit
Prominent Town Centre Trading Position
Let to Done Brothers (Cash Betting) Limited t/a Betfred
Close to Farnworth Market and Farnworth Railway Station
Nearby Occupiers Include Natwest, Home Bargains, Iceland, Lloyds Bank

Lot
31
Auction
16th February 2023
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£172,000
Auction Venue
Live Streamed Auction
On Behalf of Joint LPA Receivers

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Map

Virtual Freehold Ground Floor Retail Opportunity

Ground Floor Retail Unit
Prominent Town Centre Trading Position
Let to Done Brothers (Cash Betting) Limited t/a Betfred
Close to Farnworth Market and Farnworth Railway Station
Nearby Occupiers Include Natwest, Home Bargains, Iceland, Lloyds Bank

Lot 31
Auction 16th February 2023
Rent £30,000 per Annum Exclusive
Status Sold
Price £172,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of Joint LPA Receivers

Property Information

Location

Miles: 2.5 miles south east of Bolton, 9 miles north-west of Manchester City Centre
Roads: A666, M61 (J3)
Rail: Farnworth Railway Station
Air: Manchester Airport

Situation

The property is located on the west side of Market Street (A6053), a busy retailing thoroughfare which also provides direct access to the M61 some 500 meters to the south. The property is situated in a prominent trading positon close to Farnworth Railway Station. Nearby occupiers including NatWest, Home Bargains, Iceland, Lloyds Bank and a mix of local cafes, restaurants and retailers. The town's two major car parks are also located close by.

Tenure

Virtual Freehold. Held from 09/05/2006 for a term of 999 years at a peppercorn ground rent.

Location

Miles: 2.5 miles south east of Bolton, 9 miles north-west of Manchester City Centre
Roads: A666, M61 (J3)
Rail: Farnworth Railway Station
Air: Manchester Airport

Situation

Tenure

Virtual Freehold. Held from 09/05/2006 for a term of 999 years at a peppercorn ground rent.

Description

The property comprises a ground floor retail unit currently trading as Betfred.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit currently trading as Betfred.

VAT

VAT is applicable to this lot.

Note

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail	167.70	(1,805)	DONE BROTHERS (CASH BETTING) LIMITED t/a Betfred (1)	15 years from 21/07/2004 Holding Over	£30,000
Total Approximate Floor Area		167.70	(1,805) (2)			£30,000

(1) For the year ending 26/09/2021 Done Brothers (Cash Betting) Limited (CRN 01277703) reported a Turnover of £244,150,000, a Pre-Tax Profit of negative £28,470,000 and a Net Worth of £114,809,000 (NorthRow 18/11/2022). Done Brothers is part of Betfred, a bookmaker based in the United Kingdom and operating from over 1,480 shops (www.betfred.com).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.