25/27 Church Street Blackpool Lancashire FY1 1HJ

25/27 Church Street
Blackpool
Lancashire
FY1 1HJ

Freehold Restaurant Investment and Retail Opportunity

Majority Let to Bella Italia Restaurants Ltd until 2023
Active Management Potential
Principle Town Centre Retailing Pitch
Approximately 100m from the world famous Winter Gardens Theatre, Blackpool Tower and Blackpool Pier
Nearby occupiers include Santander, The Orange Shop, Carphone Warehouse and Lloyds TSB
Six Week Completion Period Available

Lot
25
Auction
21st March 2013
Rent
£66,600 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of a Major Pension Fund

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Freehold Restaurant Investment and Retail Opportunity

Majority Let to Bella Italia Restaurants Ltd until 2023
Active Management Potential
Principle Town Centre Retailing Pitch
Approximately 100m from the world famous Winter Gardens Theatre, Blackpool Tower and Blackpool Pier
Nearby occupiers include Santander, The Orange Shop, Carphone Warehouse and Lloyds TSB
Six Week Completion Period Available

Lot 25
Auction 21st March 2013
Rent £66,600 per Annum Exclusive
Status Sold Prior
Price
Sector
Leisure
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of a Major Pension Fund

Property Information

Location

Miles: 18 miles west of Preston, 28 miles west of Blackburn, 56 miles north of Liverpool
Roads: A583, A584, M6, M55
Rail: Blackpool North
Air: Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport

Situation

Blackpool, famous for the iconic Blackpool Tower, beach, pier and illuminations, benefits from some 11 million tourist visitors each year. The property is situated on a retail position on one of the town’s principal retailing thoroughfares and is approximately 100m equidistant from Blackpool Tower and the Winter Gardens Theatre and Blackpool Pier.

Tenure

Freehold.

Location

Miles: 18 miles west of Preston, 28 miles west of Blackburn, 56 miles north of Liverpool
Roads: A583, A584, M6, M55
Rail: Blackpool North
Air: Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport

Situation

Tenure

Freehold.

Description

The property, a substantial traditional retail building comprises a self-contained retail unit on part of the ground floor, restaurant accommodation on the part ground and first floor and ancillary accommodation on the second and third floors. Nearby occupiers include Nando’s, M&S, BHS, Santander, The Orange Shop, Carphone Warehouse and Lloyds TSB.

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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
25	Ground First Second Third	Restaurant Restaurant Ancillary Storage	87.33 sq m 124.02 sq m 76.64 sq m 23.69 sq m	(940 sq ft) (1,335 sq ft) (825 sq ft) (255 sq ft)	BELLA ITALIA RESTAURANTS LIMITED (1)	11 years from 18/01/2012 until 2023	£66,600
27	Ground	Retail	80.36 sq m	(865 sq ft)	VACANT POSSESSION		Nil
Totals			392.04 sq m	(4,220 sq ft)			£66,600

(1) For the year ending 27th May 2012, Bella Italia Restaurants Limited reported a turnover of £68,078,000, pre-tax profits of £13,004,000 and a net worth of £69,187,000. (Source: www.riskdisk.com 22/02/2013) Bella Italia Restaurants Limited are a subsidiary of Tragus Group Limited, who operate from over 295 sites in the UK with their brands being Café Rouge, Strada, Bella Italia and the Brasseries.