Farmfoods, 320 Woodchurch Road Prenton Birkenhead Merseyside CH42 8PQ

Farmfoods, 320 Woodchurch Road
Prenton
Birkenhead
Merseyside
CH42 8PQ

Freehold Supermarket Investment

Let to Farmfoods Limited until October 2029 (no breaks)
Tenant in Occupation since March 1994
Comprises Approximately 4,729 sq ft (439.30 sq m)
Car Parking for Approximately 23 Cars
Nearby occupiers include Sainsbury's, Subway, Kwikfit, Aldi and Numerous Local Retailers

Lot
31
Auction
13th December 2023
Rent
£41,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Supermarket Investment

Let to Farmfoods Limited until October 2029 (no breaks)
Tenant in Occupation since March 1994
Comprises Approximately 4,729 sq ft (439.30 sq m)
Car Parking for Approximately 23 Cars
Nearby occupiers include Sainsbury's, Subway, Kwikfit, Aldi and Numerous Local Retailers

Lot 31
Auction 13th December 2023
Rent £41,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 1 mile south-west of Birkenhead Town Centre, 3 miles south-west of Liverpool
Roads: A41, A552, M53, M56
Rail: Rock Ferry, Birkenhead Central
Air: Liverpool John Lennon Airport

Situation

Prenton is a popular residential suburb, 3 miles south-west of Liverpool. The property is situated on the West side of Woodchurch Road, the Towns main retail thoroughfare, at its junction with Storeton Road. Nearby occupiers include Sainsbury's, Subway, Kwikfit, Aldi and numerous local retailers.

Tenure

Freehold.

Location

Miles: 1 mile south-west of Birkenhead Town Centre, 3 miles south-west of Liverpool
Roads: A41, A552, M53, M56
Rail: Rock Ferry, Birkenhead Central
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor supermarket. The property benefits from a large site of approximately 0.14 Hectares (0.34 Acres) upon which is a car park and an electricity substation. The property has a site coverage of approximately 28%.

VAT

VAT is not applicable to this lot.

Completion Period

22nd January 2024

EPC

Band D

Description

VAT

VAT is not applicable to this lot.

Completion Period

22nd January 2024

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground	Supermarket	439.30	(4,729)	FARMFOODS LIMITED (CRN:SC030186) (2)	10 years from 27/10/2019	£41,500	27/10/2024 (26/10/2029)
Total Approximate Floor Area		439.30	(4,729)			£41,500

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/499692165)
(2) For the year ended 31/12/2022 Farmfoods Ltd reported a turnover of £942,446,000, pre-tax profit of £22,225,000 and a net worth of £142,075,000 (Source: Northrow 13/11/2023). The tenant has been in occupation since 1994.

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.