Skoda Car Showroom Winwick Road Warrington Cheshire WA2 8QF

Skoda Car Showroom
Winwick Road
Warrington
Cheshire
WA2 8QF

Prominent Car Showroom Investment

  • To be let on a new 15 year lease (renewal) (subject to option) to Clare James Automotive Limited t/a Lightcliffe ŠKODA (see footnotes (2) and (3))
  • Fixed rental increases in Years 5 and 10
  • Modern Purpose Built Car Showroom fronting Winwick Road (A49) and opposite Alban Retail Park
  • Nearby occupiers include Pizza Hut, Carphone Warehouse, KFC and Halfords
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    52
  • Auction
    13th October 2016
  • Rent
    £100,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,320,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On the Instructions of Circle Property PLC
  • Expand
  • Photos
  • Map

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

Prominent Car Showroom Investment

  • To be let on a new 15 year lease (renewal) (subject to option) to Clare James Automotive Limited t/a Lightcliffe ŠKODA (see footnotes (2) and (3))
  • Fixed rental increases in Years 5 and 10
  • Modern Purpose Built Car Showroom fronting Winwick Road (A49) and opposite Alban Retail Park
  • Nearby occupiers include Pizza Hut, Carphone Warehouse, KFC and Halfords
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 52
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £1,320,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On the Instructions of Circle Property PLC

Property Information

Location
Miles
18 miles south west of Manchester, 19 miles south-east of Liverpool
Roads
A49, A50, M62 (Junction 9)
Rail
Warrington Rail
Air
Manchester International Airport
Situation

The property occupies a prominent position fronting Winwick Road (A49) close to its junction with the A50, about 1.5 miles north of Warrington town centre in a mixed motor trade and retail location. Alban Retail Park is opposite which houses occupiers including PC World, Halfords and Pizza Hut. Other nearby occupiers include KFC and Tesco Express.

Tenure

Freehold. Majority Freehold (and part Long Leasehold for a term of 999 years less 10 days from 25th March 1899)

Location
Miles
18 miles south west of Manchester, 19 miles south-east of Liverpool
Roads
A49, A50, M62 (Junction 9)
Rail
Warrington Rail
Air
Manchester International Airport
Situation

The property occupies a prominent position fronting Winwick Road (A49) close to its junction with the A50, about 1.5 miles north of Warrington town centre in a mixed motor trade and retail location. Alban Retail Park is opposite which houses occupiers including PC World, Halfords and Pizza Hut. Other nearby occupiers include KFC and Tesco Express.

Tenure

Freehold. Majority Freehold (and part Long Leasehold for a term of 999 years less 10 days from 25th March 1899)

Description

The property is a modern car showroom arranged over ground and first floors. The ground floor comprises a car showroom and workshop with the first floor providing office and ancillary accommodation. The property is accessed via Densham Avenue. The site has an approximate area of 0.321 hectares (0.793 acres) and benefits from on-site parking for about 47 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property is a modern car showroom arranged over ground and first floors. The ground floor comprises a car showroom and workshop with the first floor providing office and ancillary accommodation. The property is accessed via Densham Avenue. The site has an approximate area of 0.321 hectares (0.793 acres) and benefits from on-site parking for about 47 cars.

VAT

VAT is applicable to this lot.

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
Ground
First
Car Showroom/Workshop
Office
547.65 sq m
142.14 sq m
(5,895 sq ft)
(1,530 sq ft)
CLARE JAMES AUTOMOTIVE
LIMITED t/a Lightcliffe ŠKODA (1)
15 years from completion (2) (3) £100,000 rising to £106,000
in Year 5 and to £112,360 in
Year 10
Total  
689.79 sq m
(7,425 sq ft)
    £100,000

(1) Lightcliffe ŠKODA provide new, nearly new or used ŠKODA vehicles and are a reputable dealership to undertake the servicing and maintenance of your car (Source: http://www.lightcliffe.co.uk 26/08/2016).
(2) The property is currently let to Clare James Automotive Limited by way of a 10 year lease from 14th May 2010 at a current rent of £75,355 per annum. The vendor has entered into a binding agreement with the tenant giving the vendor/purchaser the obligation to serve an option notice on the tenant, within 11 months from 24th May 2016, to enter into a new 15 year lease, subject to a tenant break option at Year 10. This option agreement will be served by the vendor/purchaser between exchange and completion of the sale with the new lease to be completed by completion of the sale. The commencing rent under the new lease will be £50,000 per annum for the first 18 months of the term; rising to £100,000 per annum until the last day of the 5th year of the term; rising to £106,000 per annum until the last day of the 10th year of the term; rising to £112,360 per annum for the remainder of the term. The seller has agreed to adjust the completion monies so that the property will effectively produce £100,000 p.a.x. from completion of the sale.
(3) The new lease provides provides for a tenant option to determine on the tenth anniversary of the term.

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    71 KB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    2 MB
    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
Seller's Solicitors
Kuit Steinart Levy LLP 3 St Marys Parsonage
Manchester
M3 2RD
David Haffner 0161 832 3434davidhaffner@kuits.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now