Freehold Retail Investment with Vacant Residential Opportunity
Convenience Store let to Alliance Property Holdings Limited (t/a Morrisons Daily) - a part of Morrisons Group
Includes large, separately accessed former maisonette on upper floors offered vacant (approx. 1,105 sq ft) with potential to split into two flats
New 10-year shop lease from November 2023 (subject to option)
Shop includes a Post Office
Nearby retailers include Rowlands Pharmacy and an eclectic mix of local retailers
Lot 22
Auction 15th February 2024
Rent £15,000 per Annum Exclusive plus large vacant maisonette
Status Sold
Price £220,000
Sector High Street Retail, Residential, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles south of Kendall, 14 miles north of Lancaster
Roads
A6, A65, A590, M6 (Junction 36)
Rail
Arnside Train Station
Air
Manchester Airport
Situation
The property is situated on the south side of The Square, in the heart of Milnthorpe. Nearby retailers include Rowlands Pharmacy and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
7 miles south of Kendall, 14 miles north of Lancaster
Roads
A6, A65, A590, M6 (Junction 36)
Rail
Arnside Train Station
Air
Manchester Airport
Situation
The property is situated on the south side of The Square, in the heart of Milnthorpe. Nearby retailers include Rowlands Pharmacy and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises a convenience store (including a Post Office) arranged on the ground and part first floors with a large, separately accessed former flat arranged on the part first and second floors, offered vacant.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% 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
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a convenience store (including a Post Office) arranged on the ground and part first floors with a large, separately accessed former flat arranged on the part first and second floors, offered vacant.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% 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
The EPC will be available to view online in the solicitor’s legal pack.
(1) In May 2022, Morrisons took over McColl's Retail Group when the business and assets were sold to Alliance Property Holdings Limited who are a part of Morrisons Group and McColl's largest supplier. The sale included 1,100 convenience stores across the UK. (2) The lease is subject to a tenant only option to determine on 14/11/2028.
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.
