26 Deansgate & 8/12 Bridge Street Bolton Greater Manchester BL1 1BG

  • 26 Deansgate & 8/12 Bridge Street<br>Bolton<br>Greater Manchester<br>BL1 1BG

26 Deansgate & 8/12 Bridge Street
Bolton
Greater Manchester
BL1 1BG

Substantial Freehold Retail Investment with Development Potential

  • Entirely let to Wilko Retail Limited until October 2026 (no breaks)
  • Approximately 40,063 sq ft
  • Future conversion potential of upper floors (subject to lease and consents)
  • Prominent corner position in town centre location close to Market Place Shopping Centre and Crompton Shopping Centre
  • Nearby retailers include include Marks & Spencer, Primark, Boots the Chemist, Superdrug, Poundland and WHSmith
  • Lot
    18
  • Auction
    13th July 2023
  • Rent
    £260,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Substantial Freehold Retail Investment with Development Potential

  • Entirely let to Wilko Retail Limited until October 2026 (no breaks)
  • Approximately 40,063 sq ft
  • Future conversion potential of upper floors (subject to lease and consents)
  • Prominent corner position in town centre location close to Market Place Shopping Centre and Crompton Shopping Centre
  • Nearby retailers include include Marks & Spencer, Primark, Boots the Chemist, Superdrug, Poundland and WHSmith
  • Lot 18
  • Auction 13th July 2023
  • Rent £260,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
12 miles north-west of Manchester
Roads
A58, A666, M6, M60, M61, M62
Rail
Bolton Railway Station
Air
Manchester Airport
Situation

The property is prominently situated on the corner of Deansgate and Bridge Street in Bolton town centre, a short distance from both Market Place Shopping Centre and Crompton Place Shopping Centre where retailers include Costa Coffee, H&M, River Island, Next, The Entertainer and Clarks. Other nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Superdrug, Poundland and WHSmith.

Tenure

Freehold.

Location
Miles
12 miles north-west of Manchester
Roads
A58, A666, M6, M60, M61, M62
Rail
Bolton Railway Station
Air
Manchester Airport
Situation

The property is prominently situated on the corner of Deansgate and Bridge Street in Bolton town centre, a short distance from both Market Place Shopping Centre and Crompton Place Shopping Centre where retailers include Costa Coffee, H&M, River Island, Next, The Entertainer and Clarks. Other nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Superdrug, Poundland and WHSmith.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and basement with ancillary accommodation on the upper floors. The property benefits from a loading bay accessed from Bridge Street.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding 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 C

Description

The property comprises retail accommodation on the ground floor and basement with ancillary accommodation on the upper floors. The property benefits from a loading bay accessed from Bridge Street.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding 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 C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
(Gross Internal Areas)		 Floor Areas
Approx sq ft
(Gross Internal Areas)		 Tenant Term Rent p.a.x.
Ground
Basement
Sub-Basement
First
Second
Roof		 Retail/ Ancillary
Ancillary
Ancillary
Retail/Ancillary
Retail/Ancillary
Ancillary
951.70
968.30
57.30
813.90
837.80
93.10
(10,244)
(10,422)
(617)
(8,760)
(9,018)
(1,002
 WILKO RETAIL LIMITED (1) 15 years from 10/10/2011 on a full repairing and insuring lease
£260,000
Total  
3,722.10
(40,063)
    
£260,000

(1) Wilko Retail Limited is a British high-street retail chain which sells homewares and household goods. It has been established since 1930 and trades from over 400 stores across the 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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.co.uk  Hannah Smith +44 (0)20 3745 2682hannah.s@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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