Freehold Retail Investment in Historic City Centre
Let to Specsavers Optical Superstores Limited
New 3-year lease extension from September 2023 (subject to options)
Re-based rent. Previous rent £95,000 p.a.x.
Grade II Listed
Nearby retailers include Zara, The White Company, Pret A Manger, Tesco Superstore, Sainsbury's Local, Boots the Chemist, Superdrug, Starbucks, Costa Coffee, Greggs, Flannels and WHSmith
Freehold Retail Investment in Historic City Centre
Let to Specsavers Optical Superstores Limited
New 3-year lease extension from September 2023 (subject to options)
Re-based rent. Previous rent £95,000 p.a.x.
Grade II Listed
Nearby retailers include Zara, The White Company, Pret A Manger, Tesco Superstore, Sainsbury's Local, Boots the Chemist, Superdrug, Starbucks, Costa Coffee, Greggs, Flannels and WHSmith
Lot 34
Auction 2nd November 2023
Rent £65,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles south-east of Liverpool, 37 miles south-west of Manchester
Roads
A51, A55, A56, M53, M56
Rail
Chester Train Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the east side of pedestrianised Northgate Street close to the junctions of Eastgate Street, Westgate Street, Bridge Street and a short walk from The Grosvenor Shopping Centre. Nearby retailers include Zara, The White Company, Pret A Manger, Tesco Superstore, Sainsbury's Local, Boots the Chemist, Superdrug, Starbucks, Costa Coffee, Greggs, Flannels and WHSmith.
Tenure
Freehold.
Location
Miles
17 miles south-east of Liverpool, 37 miles south-west of Manchester
Roads
A51, A55, A56, M53, M56
Rail
Chester Train Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the east side of pedestrianised Northgate Street close to the junctions of Eastgate Street, Westgate Street, Bridge Street and a short walk from The Grosvenor Shopping Centre. Nearby retailers include Zara, The White Company, Pret A Manger, Tesco Superstore, Sainsbury's Local, Boots the Chemist, Superdrug, Starbucks, Costa Coffee, Greggs, Flannels and WHSmith.
Tenure
Freehold.
Description
The property comprises an optician arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises an optician arranged on the ground, first and second floors.
(1) For the year ending 28th February 2023, Specsavers Optical Superstores Limited reported a turnover of £3,426,710,000, a pre-tax profit of £327,774,000 and a net worth of £260,627,000 (www.northrow.com). (2) The lease is subject to a tenant only option to determine on 29/09/2024 and annually thereafter.
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.
