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
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.
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.
Contacts
Seller's Solicitors
Maclay Murray & Spens LLP 1, London Wall London EC2Y 5AB
