Co-Operative Food Store Gadfield Grove Atherton Manchester M46 0SJ

Co-Operative Food Store
Gadfield Grove
Atherton
Manchester
M46 0SJ

Virtual Freehold Supermarket Investment

Let to Co-Operative Group Food Limited on a 15 year lease until 2021 (no breaks)
Car Parking at the front of property
Located in a major modern residential estate
Six Week Completion Period Available

Lot
36
Auction
18th October 2012
Rent
£41,850 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Virtual Freehold Supermarket Investment

Let to Co-Operative Group Food Limited on a 15 year lease until 2021 (no breaks)
Car Parking at the front of property
Located in a major modern residential estate
Six Week Completion Period Available

Lot 36
Auction 18th October 2012
Rent £41,850 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5 miles east of Wigan, 7 miles south-west of Bolton, 10 miles west of Manchester city centre
Roads: A579, A580, M6, M60, M61, M62
Rail: Atherton (Manchester)
Air: Manchester International Airport

Situation

The property is situated in Gadfield Grove, a modern residential estate just off the A577 within the Manchester suburb of Atherton, 3 miles south of Junction 5 of the M61 motorway.

Tenure

Virtual Freehold. Virtual Freehold. Held from Gadbury Property Limited for a term of 999 years from 22nd June 2007 at £250 per annum.

Location

Miles: 5 miles east of Wigan, 7 miles south-west of Bolton, 10 miles west of Manchester city centre
Roads: A579, A580, M6, M60, M61, M62
Rail: Atherton (Manchester)
Air: Manchester International Airport

Situation

The property is situated in Gadfield Grove, a modern residential estate just off the A577 within the Manchester suburb of Atherton, 3 miles south of Junction 5 of the M61 motorway.

Tenure

Virtual Freehold. Virtual Freehold. Held from Gadbury Property Limited for a term of 999 years from 22nd June 2007 at £250 per annum.

Description

The property comprises ground floor retail accommodation forming part of a large residential building. The property benefits from the right to use 12 car parking spaces.

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 comprises ground floor retail accommodation forming part of a large residential building. The property benefits from the right to use 12 car parking spaces.

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	Reviews
Ground	Retail	288 sq m	(3,100 sq ft)	CO-OPERATIVE GROUPFOOD LIMITED (1)	15 years from 31/10/2006 until 30/10/2021 on a full repairing and insuring lease.	£41,850	2011 and 2016
Totals		288 sq m	(3,100 sq ft)			£41,850

(1) Co-Operative Group Food Limited (IP26715R) are a subsidiary company of Co-Operative Group Limited, the UK’s largest mutual business. The Group Operates 4,800 retail trading outlets and employs more than 106,000 people. (Source: www.co-operative.co.uk)For the year ending 31/12/2011, Co-Operative Group Limited reported a turnover of £12,318,000,000, pre-tax profits of £231,000,000 and a net worth of £3,501,000,000. (Source: www.riskdisk.com)