Travis Perkins Chorley New Road Horwich Greater Manchester BL6 6DU

Travis Perkins
Chorley New Road
Horwich
Greater Manchester
BL6 6DU

Well Located Trade Counter Investment

Let to Travis Perkins (Properties) Ltd until November 2031 (No Breaks)
5 yearly upward only rent reviews to a minimum of 3% per annum compounded
Rent rising to a minimum of £56,111.18 in 2025 and £65,048.24 in 2030
Tenant option to renew for 25 years (2)
Gross Internal Floor Area of 561.00 sq m (6,038 sq ft)
Approx. site area of 0.61 Ha (1.50 Acres)
Established industrial estate location
Future option to purchase Freehold for £1 (see legal pack)

Lot
4
Auction
2nd November 2023
Rent
£48,402 per Annum Exclusive
Status
Sold
Price
£820,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Investment Manager

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Well Located Trade Counter Investment

Let to Travis Perkins (Properties) Ltd until November 2031 (No Breaks)
5 yearly upward only rent reviews to a minimum of 3% per annum compounded
Rent rising to a minimum of £56,111.18 in 2025 and £65,048.24 in 2030
Tenant option to renew for 25 years (2)
Gross Internal Floor Area of 561.00 sq m (6,038 sq ft)
Approx. site area of 0.61 Ha (1.50 Acres)
Established industrial estate location
Future option to purchase Freehold for £1 (see legal pack)

Lot 4
Auction 2nd November 2023
Rent £48,402 per Annum Exclusive
Status Sold
Price £820,000
Sector
Trade Counter/Builders Merchants
Auction Venue
Live Streamed Auction
On Behalf of a Major Investment Manager

Property Information

Location

Miles: 4 miles west of Bolton, 13 miles north west of Manchester, 4 miles north east of Wigan
Roads: M61, A673, A58
Rail: Blackrod Railway Station, Horwich Parkway Railway Station
Air: Manchester Airport

Situation

The property is well located on the southern side of Chorley New Road (A673), a busy north Manchester arterial road, in a predominantly industrial location some 3 miles from the M61.

Tenure

Long Leasehold. Held for a term of 200 years from 01/12/2006 at a peppercorn ground rent. The lease provides an option to purchase the Freehold for £1 + VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Location

Miles: 4 miles west of Bolton, 13 miles north west of Manchester, 4 miles north east of Wigan
Roads: M61, A673, A58
Rail: Blackrod Railway Station, Horwich Parkway Railway Station
Air: Manchester Airport

Situation

The property is well located on the southern side of Chorley New Road (A673), a busy north Manchester arterial road, in a predominantly industrial location some 3 miles from the M61.

Tenure

Description

The property comprises a ground floor trade counter / warehouse plus mezzanine level and yard areas. The property has a total floor area of 561.00 sq m (6,038 sq ft) upon a site area of 0.61 Ha (1.50 Acres) benefitting from a very low site coverage of 8%.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Floor	Use	Approx Gross Internal Floor Area sq m	Approx Gross Internal Floor Area sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground Mezzanine	Trade Counter/Warehouse Ancillary	460.10 100.90	(4,952) (1,086)	TRAVIS PERKINS (PROPERTIES) LTD (CRN:00468024) (1)	25 years from 01/12/2006 until 30/11/2031 on a full repairing and insuring lease (subject to a schedule of condition) (2)	£48,402	01/12/2025 01/12/2030 (3)
Total		561.00	(6,038)			£48,402

(1) Travis Perkins (Properties) Ltd is wholly owned by Travis Perkins PLC. Travis Perkins is the UK's largest distributor of building materials with a network of over 500 branches and has been helping build Britain for over 200 years (www.travisperkinsplc.co.uk).
(2) The lease provides the tenant an option to renew the lease on expiry for a further 25 years at market rent, but otherwise on identical lease terms including the rent review basis. Full information is available within the legal pack.
(3) The rent reviews are upwards only to the higher of two thirds of Market Rent (as defined in the lease) or the annual rent payable increased by 3% per annum compounded annually. For further information please refer to the lease available in the legal pack.

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.