Freehold Retail Warehouse and Showroom Investment
Freehold Retail Warehouse and Showroom Investment
The property is prominently situated on the A49 which forms part of the main ring road of the town and is well connected with the major conurbations of both Liverpool and Manchester. The town benefits from excellent communication links via the M62 (Junction 9), M6 (Junction 21) and M56 (Junction 10). Significant nearby occupiers include McDonald’s, Homebase, DFS and JJB Superstore.
Freehold.
The property is prominently situated on the A49 which forms part of the main ring road of the town and is well connected with the major conurbations of both Liverpool and Manchester. The town benefits from excellent communication links via the M62 (Junction 9), M6 (Junction 21) and M56 (Junction 10). Significant nearby occupiers include McDonald’s, Homebase, DFS and JJB Superstore.
Freehold.
The property comprises a single storey, detached retail warehouse, with an internal mezzanine floor. In addition, the property comprises a service yard to the northern end of the site and a car park for approximately 20 cars to the southern end of the site. The site area is approximately 0.128 hectares (0.35 acres).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a single storey, detached retail warehouse, with an internal mezzanine floor. In addition, the property comprises a service yard to the northern end of the site and a car park for approximately 20 cars to the southern end of the site. The site area is approximately 0.128 hectares (0.35 acres).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Mezzanine |
Retail Ancillary |
518.85 sq m 246.65 sq m |
(5,585 sq ft) (2,655 sq ft) |
MULTIYORKFURNITURE LIMITED (1) | 15 years from and including 19/10/2007 until 18/10/2022 on a full repairing and insuring lease |
£113,141 (2) |
19/10/2017 (3) |
| Totals | 765.50 sq m |
(8,240 sq ft) |
£113,141 | ||||
(1) Multiyork Furniture offer a taylor-made exclusive service, designing and producing furniture in the UK. They trade from 58 stores
nationwide, as well as a number of discount factory outlets and a significant online presence, offering a bespoke made-to-order furniture service. (Source www.multiyork.co.uk 24/08/2012)
(2)The seller has agreed to accept the rent by equal monthly payments until 28th September 2013. The ultimate holding company, Wade Group Limited, have agreed to guarantee the rent during this period.
(3)The rent will be increased at review by 2.5% per annum compounded annually. The fixed rental uplift at the 19th October 2012 review is included in the current rent passing.
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