Let to GR & MM Blackledge plc (t/a Bodycare) on a new 10 year lease (no breaks)
Opposite an entrance to the Daniel Owen Shopping Centre
Nearby occupiers include WH Smith, Boots the Chemist, Superdrug, Costa, Specsavers and JD Wetherspoon
Tenant to undertake refurbishment programme prior to fit out
For the Seller's Legal Pack, please click the Property Documents tab below
£52,000 per annum exclusive, subject to note 3
Lot 13
Auction 13th October 2016
Rent £52,000 per Annum Exclusive
Status Sold
Price £650,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Receivers - CBRE
Property Information
Location
Miles
13 miles west of Chester, 13 miles north-west of Wrexham, 23 miles south-west of Liverpool
Roads
A494, A55, M53, M56
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent trading position in the heart of the town centre on the east side of the High Street opposite an entrance to the Daniel Owen Shopping Centre. Nearby occupiers include WH Smith, Boots the Chemist, Superdrug, Costa, Specsavers and JD Wetherspoon.
Tenure
Freehold.
Location
Miles
13 miles west of Chester, 13 miles north-west of Wrexham, 23 miles south-west of Liverpool
Roads
A494, A55, M53, M56
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent trading position in the heart of the town centre on the east side of the High Street opposite an entrance to the Daniel Owen Shopping Centre. Nearby occupiers include WH Smith, Boots the Chemist, Superdrug, Costa, Specsavers and JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
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/(Reversion)
Ground First Second
Retail/Ancillary Ancillary Ancillary
291.06 sq m 102.66 sq m 71.63 sq m
(3,133 sq ft) (1,105 sq ft) (771 sq ft)
GR & MM BLACKLEDGE PLC (1) (t/a Bodycare)
10 years from 09/09/2016 on a full repairing and insuring lease (2)
£52,000 (3)
09/09/2021 (08/09/2026)
Total
465.35 sq m
(5,009 sq ft)
£52,000 (3)
(1) For the year ending 31st December 2015, GR and MM Blackledge plc reported a turnover of £134,874,678, pre-tax profits of £4,877,048 and a total net worth of £24,532,501 (Source: Experian Group 05/09/2016). (2) The lease is subject to a schedule of condition. (3) Under the terms of the lease the tenant is to benefit from a 12 month rent free period expiring 8th September 2017. The seller has agreed to adjust the completion monies so that the property will produce £52,000 p.a.x from completion of the sale.
