13 Newport Street Bolton Great Manchester BL1 1NE

13 Newport Street
Bolton
Great Manchester
BL1 1NE

Freehold Retail Investment

Pedestrianised town centre location
Let to Harvey & Thompson Ltd on a new 20 year lease (no breaks)
Minimum fixed rental uplift in 2017
Nearby occupiers include Greggs, Ryman, Ann Summers, Shoe Zone and SpecsaversSix Week Completion Period Available

Lot
10
Auction
23rd February 2012
Rent
£46,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Pedestrianised town centre location
Let to Harvey & Thompson Ltd on a new 20 year lease (no breaks)
Minimum fixed rental uplift in 2017
Nearby occupiers include Greggs, Ryman, Ann Summers, Shoe Zone and SpecsaversSix Week Completion Period Available

Lot 10
Auction 23rd February 2012
Rent £46,500 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 12 miles north-west of Manchester city centre
Roads: A666, A579, M60, M61, M57
Rail: Bolton Rail
Air: Manchester Airport, Leeds Bradford International Airport

Situation

The property is situated in a prime position on the busy pedestrianised retail thoroughfare of Newport Street, close to the junction with Great Moor Street and Crompton Place Shopping Centre. Nearby occupiers include Greggs, Ryman, Ann Summers, Shoe Zone and Specsavers.

Tenure

Freehold.

Location

Miles: 12 miles north-west of Manchester city centre
Roads: A666, A579, M60, M61, M57
Rail: Bolton Rail
Air: Manchester Airport, Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation in the basement, first and second floors.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with ancillary accommodation in the basement, first and second floors.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement First Second	Net Frontage Shop Depth Retail Ancillary Ancillary Ancillary	5.79 m 19.96 m 98.01 sq m 46.91 sq m 91.51 sq m 89.18 sq m	(19’ 0”) (65’ 6”) (1,055 sq ft) (505 sq ft) (985 sq ft) (960 sq ft)	HARVEY & THOMPSON LTD (1)	20 years from completion until 2032 on a full repairing and insuring lease	£46,500 Rising to a minimum of £50,500 in 2017	2017, 2022 and 2027 (2)
Totals		325.61 sq m	(3,505 sq ft)			£46,500

(1) For the year ending 31st December 2010, Harvey & Thompson Limited reported a turnover of £126,420,000, pre-tax profits of £28,422,000 and a total net worth of £47,256,000. (Source: www.riskdisk.com 24/10/2011)

(2) The lease provides for the rent to be increased to the greater of £50,500 per annum exclusive or the open market rental value in 2017. Further rent reviews will be to open market rental value.