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.
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.
