Sublet to Iceland at £45,717 p.a.x. (tenant option to determine the sublease in February 2025 not exercised)
Approx. 991.20 sq m (10,668 sq ft) with rear service area and front parking
Dominant retailer in busy thoroughfare
Nearby occupiers include Lidl, KFC and Dunelm
VAT free investment
Lot 39
Auction 27th March 2025
Rent £550 per Annum Exclusive
Status Available
Guide* £150,000
Sector Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles south east of Liverpool City Centre
Roads
A561
Rail
Liverpool South Parkway
Air
Liverpool John Lennon Airport
Situation
The property is situated on the south side of Speke Road at its junction with Garston Way (A561), some 5 miles south east of Liverpool City Centre in the suburb of Garston. Nearby occupiers include Lidl, KFC, Dunelm, Oxfam and YMCA.
Tenure
Freehold.
Location
Miles
5 miles south east of Liverpool City Centre
Roads
A561
Rail
Liverpool South Parkway
Air
Liverpool John Lennon Airport
Situation
The property is situated on the south side of Speke Road at its junction with Garston Way (A561), some 5 miles south east of Liverpool City Centre in the suburb of Garston. Nearby occupiers include Lidl, KFC, Dunelm, Oxfam and YMCA.
Tenure
Freehold.
Description
The property comprises a double fronted supermarket arranged on the ground and first floors with a rear service area and car parking to the front.
The property is sublet to Iceland Foods Limited for a term of 25 years from 28/02/2005 at a current rent reserved of £45,717 p.a.x. The lease was subject to a tenant option to determine in February 2025, which was not exercised.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted supermarket arranged on the ground and first floors with a rear service area and car parking to the front.
The property is sublet to Iceland Foods Limited for a term of 25 years from 28/02/2005 at a current rent reserved of £45,717 p.a.x. The lease was subject to a tenant option to determine in February 2025, which was not exercised.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First
Supermarket Ancillary
531.20 460.00
(5,717) (4,951)
INDIVIDUAL (underlet to Iceland Foods Limited)
90 years from 14/11/1955 until 13/11/2045
£550
Total
991.20
(10,668)
£550
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
