Let to Euro Garages Ltd until July 2067 (no breaks)
Situated on the busy Whitby Road (A5032)
Seven yearly market rent reviews
Outstanding Rent Review from March 2023
Rent Geared to 5.50% of Rack Rental Value
Nearby occupiers include Kwik-Fit, Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist
Lot 34
Auction 15th February 2024
Rent £4,000 per Annum Exclusive
Status Sold
Price £111,000
Sector Motor Trade, Petrol Station
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles south of Liverpool, 40 miles south-west of Manchester
Roads
A41, M56, M5
Rail
Ellesmere Port Train Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently located on the north side of the busy Whitby Road (A5032) in Ellesmere Port town centre, close to Port Arcades Shopping Centre. Nearby occupiers include Kwik-Fit, Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist.
Tenure
Freehold.
Location
Miles
11 miles south of Liverpool, 40 miles south-west of Manchester
Roads
A41, M56, M5
Rail
Ellesmere Port Train Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently located on the north side of the busy Whitby Road (A5032) in Ellesmere Port town centre, close to Port Arcades Shopping Centre. Nearby occupiers include Kwik-Fit, Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises part of a petrol filling station forecourt providing a site area of approximately 0.09 hectares (0.22 acres).
VAT
VAT is applicable to this lot.
EPC
Not applicable.
Description
The property comprises part of a petrol filling station forecourt providing a site area of approximately 0.09 hectares (0.22 acres).
VAT
VAT is applicable to this lot.
EPC
Not applicable.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Petrol Filling Station
-
-
EURO GARAGES LIMITED (1)
99 years from 19/07/1968
£4,000
March 2023 and 7 yearly thereafter (2)
Total Site Area
0.089 ha
(0.219 acres)
£4,000
(1) For the year ending 31/12/2022 Euro Garages Limited reported a Turnover of £2,880,401,000, a Pre-Tax Profit of £66,581,000 and a Net Worth of £470,649,000 (NorthRow 23/01/2024). (2) The lease is subject to seven-yearly market rent reviews. The rent is to be reviewed to 5.5% of the full rack rental value, assuming the property is subject to a new 7 year lease. Please see 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.
