45 Brackley Street Farnworth Bolton BL4 9DS

45 Brackley Street
Farnworth
Bolton
BL4 9DS

Freehold Retail Investment

  • Recently let to Caversham Finance Limited (t/a Brighthouse)
  • New 10 year lease until 2025 (subject to option)
  • Close proximity to Asda Superstore in the heart of the town centre
  • Other nearby occupiers include Superdrug, Iceland, Heron Food and Greggs
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    51
  • Auction
    9th July 2015
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £325,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Recently let to Caversham Finance Limited (t/a Brighthouse)
  • New 10 year lease until 2025 (subject to option)
  • Close proximity to Asda Superstore in the heart of the town centre
  • Other nearby occupiers include Superdrug, Iceland, Heron Food and Greggs
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 51
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £325,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles south of Bolton
10 miles north of Manchester
26 miles north-east of Liverpool
Roads
A666, M61 (Junction 2 & 3), M62, M66
Rail
Farnworth Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

The property is situated in a prominent position on the southern side of the pedestrianised Brackley Street, Farnworth’s principal retailing thoroughfare. The property benefits from being located opposite the popular Farnworth Market and approximately 100 metres from an Asda Superstore. Other nearby occupiers include Superdrug, Iceland, Greggs and Heron Food.

Tenure

Freehold.

Location
Miles
3 miles south of Bolton
10 miles north of Manchester
26 miles north-east of Liverpool
Roads
A666, M61 (Junction 2 & 3), M62, M66
Rail
Farnworth Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

The property is situated in a prominent position on the southern side of the pedestrianised Brackley Street, Farnworth’s principal retailing thoroughfare. The property benefits from being located opposite the popular Farnworth Market and approximately 100 metres from an Asda Superstore. Other nearby occupiers include Superdrug, Iceland, Greggs and Heron Food.

Tenure

Freehold.

Description

The property comprises a double-fronted retail unit comprising retail and ancillary accommodation on the ground floor only.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 a double-fronted retail unit comprising retail and ancillary accommodation on the ground floor only.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 Review
Ground
Retail/Ancillary
231.24 sq m
(2,489 sq ft)
CAVERSHAM FINANCE LIMITED (t/a Brighthouse) (1) 10 years from 29/05/2015 until 28/05/2025 (2) on a full repairing and insuring lease £30,000 (3) 29/05/2020
Totals  
231.24 sq m
(2,489 sq ft)
    £30,000

(1) Established in 1994, Brighthouse now trade from about 300 stores nationwide. For the year ending 31/03/2014, Caversham Finance Limited reported a turnover of £316,135,000, pre-tax profits of £30,752,000 and a total net worth of £100,279,000. (Source: www.brighthouse.co.uk and www.riskdisk.com 02/06/2015)
(2)The lease provides for a tenant option to determine the lease at any time from the expiry of the fifth year of the term until the expiry of the sixth year of the term.
(3)The rent has been annualised as the tenant pays rent in monthly instalments. There is a stepped-rent provision in the lease providing for an increase in rent from £0 p.a.x. in Year 1 to £27,000 p.a.x in Year 2, £28,000 p.a.x. in Year 3, £29,000 p.a.x in Year 4 and £30,000 p.a.x in Year 5. Please note that the seller has agreed to adjust the completion monies so the property will produce £30,000 p.a.x. from completion of the sale.
NB: The tenant is currently fitting out the unit and intends to commence trading in July.

Property Documents

  • Site Plan
    Updated Date
    17.06.15
    File Size
    54 KB
    View PDF
  • Catalogue Page
    Updated Date
    17.06.15
    File Size
    782 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Rob Alston Retail 4 Blacksmiths Lane, Smeeton, Westerby
Leicester
LE8 0QB
Robert Alston 03301 233 224ra@robalstonretail.com
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner 020 8343 4411jeremy@bsgsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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