Entirely let to tenant trading as Adrenaline Escape (an Escape Room entertainment centre)
10 year lease from February 2022 (subject to option)
VAT free investment
Approximately 8,026 sq ft
Prominent town centre location
Close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works
Entirely let to tenant trading as Adrenaline Escape (an Escape Room entertainment centre)
10 year lease from February 2022 (subject to option)
VAT free investment
Approximately 8,026 sq ft
Prominent town centre location
Close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works
Lot 35
Auction 30th March 2023
Rent £22,000 per Annum Exclusive (3)
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles west of Bolton, 18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M6, M58, M61
Rail
Wigan Wallgate, Wigan North Western
Air
Liverpool John Lennon Airport, Manchester International Airport
Situation
The property is prominently situated on the east side of Market Place, at its junction with Market Street. The property is within close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works. Other nearby occupiers include B&M, Home Bargains, Primark, Starbucks, Greggs, Subway and branches of Lloyds and Barclays Banks.
Tenure
Freehold.
Location
Miles
12 miles west of Bolton, 18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M6, M58, M61
Rail
Wigan Wallgate, Wigan North Western
Air
Liverpool John Lennon Airport, Manchester International Airport
Situation
The property is prominently situated on the east side of Market Place, at its junction with Market Street. The property is within close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works. Other nearby occupiers include B&M, Home Bargains, Primark, Starbucks, Greggs, Subway and branches of Lloyds and Barclays Banks.
Tenure
Freehold.
Description
The property comprises an escape room entertainment centre arranged on the ground, basement, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Description
The property comprises an escape room entertainment centre arranged on the ground, basement, first and second floors.
10 years from 11/02/2022 (2) on a full repairing and insuring lease
£22,000 (3)
11/02/2027
Total
745.70
(8,026)
£22,000 (3)
(1) Adrenaline Escape Rooms offer multiple immersive experiences that tests problem solving, logic and teamwork skills. Adrenaline Escape Rooms also trade from two different locations, specifically Manchester and Atherton. (www.adrenalineescape.co.uk) (2) The lease has a tenant only option to determine in February 2027 (3) The tenant is currently paying half rent until 11/02/2024, when the rent will rise to £22,000 pax. The Seller will pay the Buyer the total rent that would have been due from Completion of the sale until 11/02/2024.
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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