McColl's Convenience Store 13-15 Fleet Street Orrell Wigan WN5 0DU

McColl's Convenience Store
13-15 Fleet Street
Orrell
Wigan
WN5 0DU

Freehold Retail Investment

Let on a recent 20 year lease to Martin McColl Limited until 2032
2% per annum compounded rental increases
Prominent and well located retail site
The property includes a Post Office counter
Neighbouring occupiers include KFC, Boots Pharmacy and William Hill
Six Week Completion Available

Lot
5
Auction
14th February 2013
Rent
£25,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let on a recent 20 year lease to Martin McColl Limited until 2032
2% per annum compounded rental increases
Prominent and well located retail site
The property includes a Post Office counter
Neighbouring occupiers include KFC, Boots Pharmacy and William Hill
Six Week Completion Available

Lot 5
Auction 14th February 2013
Rent £25,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 2 miles west of Wigan, 18 miles north-east of Liverpool, 20 miles east of Manchester
Roads: A557, M6, M58
Rail: Orrell Railway Station
Air: Manchester International Airport

Situation

Orrell is approximately 2 miles west of Wigan town centre at the junction of the M6 and the M58 motorways. The property is prominently situated on the east side of Fleet Street, close to the busy junction with Ormskirk Road (A577), with neighbouring occupiers including KFC, Boots Pharmacy and William Hill.

Tenure

Freehold.

Location

Miles: 2 miles west of Wigan, 18 miles north-east of Liverpool, 20 miles east of Manchester
Roads: A557, M6, M58
Rail: Orrell Railway Station
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached building with retail accommodation on the ground floor and ancillary accommodation in the basement. Orrell town centre car park is located immediately behind the property.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement	Retail Ancillary	103.86 sq m 84.91 sq m	(1,118 sq ft) (914 sq ft)	MARTIN MCCOLL LIMITED (1)	20 years from 16/04/2012 until 2032 on a full repairing and insuring lease (2)	£25,000	16/04/2017 and 5 yearly (fixed rental increases at 2% per annum compounded)
Total		188.77 sq m	(2,032 sq ft)			£25,000

(1) For the year ending 27th November 2011, Martin McColl Limited reported a turnover of £380,485,000, a pre-tax profit of £18,068,000 and a total net worth of £100,676,000. (Source www.riskdisk.com 15/01/2013)
(2) The lease provides for a 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.