19-25 Tarleton Street Liverpool Lancashire L1 1DS

19-25 Tarleton Street
Liverpool
Lancashire
L1 1DS

Prominent Retail Investment in Prime City Centre Location

Entirely let to JD Sports Fashion plc, t/a Scotts
Prominent corner position in Liverpools prime pedestrianised retailing district
Situated opposite Marks & Spencer
Other nearby occupiers include H&M, Boots, Top Shop and Next
Six Week Completion Available (subject to obtaining landlord’s consent)

Lot
47
Auction
10th July 2012
Rent
£85,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund

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Prominent Retail Investment in Prime City Centre Location

Entirely let to JD Sports Fashion plc, t/a Scotts
Prominent corner position in Liverpools prime pedestrianised retailing district
Situated opposite Marks & Spencer
Other nearby occupiers include H&M, Boots, Top Shop and Next
Six Week Completion Available (subject to obtaining landlord’s consent)

Lot 47
Auction 10th July 2012
Rent £85,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund

Property Information

Location

Miles: 35 miles west of Manchester, 17 miles north of Chester, 17 miles west of Warrington
Roads: A59, M62, (Junction 4)
Rail: Liverpool Central Railway Station, Liverpool Lime Street
Air: Liverpool John Lennon International Airport

Situation

The property is situated in a prominent corner location in the heart of Liverpools prime pedestrianised retailing district approximately 150 metres equidistant from the established St Johns Shopping Centre and Liverpool One shopping centre. Tarleton Street is a busy retail thoroughfare and provides a pedestrianised link between Church Street, William Square and the St Johns Shopping Centre. Nearby occupiers include Marks & Spencer, Next, River Island, Top Shop and Primark.

Tenure

Long Leasehold. Held from Liverpool City Council for a term of 125 years from 18th July 1986 until 2111 at a current rent of £3,400 p.a.x. The rent is reviewed every year to 4% of the rent received subject to a minimum of £2,000 p.a.x.

Location

Miles: 35 miles west of Manchester, 17 miles north of Chester, 17 miles west of Warrington
Roads: A59, M62, (Junction 4)
Rail: Liverpool Central Railway Station, Liverpool Lime Street
Air: Liverpool John Lennon International Airport

Situation

Tenure

Description

The property, a substantial building, comprises a ground floor retail unit with first floor ancillary accommodation and frontage onto both Tarleton Street and Leigh Street.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property, a substantial building, comprises a ground floor retail unit with first floor ancillary accommodation and frontage onto both Tarleton Street and Leigh Street.

VAT

VAT is 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)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Retail Ancillary	310.48 sq m 281.96 sq m	(3,342 sq ft) (3,035 sq ft)	JD SPORTSFASHION PLC (1)t/a Scotts	1 year, 6 months & 14 days from 18/07/2011 on a full repairing and insuring lease (2)	£85,000	31/01/2013
Totals		592.44 sq m	(6,377 sq ft)			£85,000

(1) For the year ending 29th January 2011, JD Sports Fashion plc reported a turnover of £883,669,000, pre-tax profits of £78,629,000 and a total net worth of £125,775,000. (Source: www.riskdisk.com 14/06/2012). The JD Group has over 900 stores and has long been established as the leading UK specialist multiple retailer of branded and own branded sports and casual wear. The group Scotts was acquired in December 2004. (Source: www.jdplc.com)
(2)There is a mutual option to determine the lease at any time on providing 2 months written notice.