25 High Street West Glossop Derbyshire SK13 8AZ

25 High Street West
Glossop
Derbyshire
SK13 8AZ

Freehold Retail and Virtual Freehold Residential Investment

  • Shop let to Greggs plc on a 10 year lease
  • Located in a Historic Market Town next to the Peak District National Park
  • June 2015 Review oustanding
  • Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    47
  • Auction
    10th December 2015
  • Rent
    £26,001 per Annum Exclusive
  • Status
    Sold
  • Price
    £345,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Retail and Virtual Freehold Residential Investment

  • Shop let to Greggs plc on a 10 year lease
  • Located in a Historic Market Town next to the Peak District National Park
  • June 2015 Review oustanding
  • Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 47
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £345,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
13.5 miles south-east of Manchester, 24 miles north-west of Sheffield
Roads
B601, A57, M67 (Junction 4)
Rail
Glossop Rail
Air
Manchester Airport
Situation

Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated in a prominent corner location on the southern side of High Street West, at its junction with Market Street. Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug. The Howard Town Shopping Centre, with retailers such as Marks and Spencer’s, The Edinburgh Woollen Mill and Mountain Warehouse, is close by.

Tenure

Freehold.

Location
Miles
13.5 miles south-east of Manchester, 24 miles north-west of Sheffield
Roads
B601, A57, M67 (Junction 4)
Rail
Glossop Rail
Air
Manchester Airport
Situation

Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated in a prominent corner location on the southern side of High Street West, at its junction with Market Street. Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug. The Howard Town Shopping Centre, with retailers such as Marks and Spencer’s, The Edinburgh Woollen Mill and Mountain Warehouse, is close by.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation at the front of the first floor. In addition, at the rear of the first floor there is a self-contained residential flat which is accessed from Market Street.

Six Week Completion

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 ground floor retail accommodation with ancillary accommodation at the front of the first floor. In addition, at the rear of the first floor there is a self-contained residential flat which is accessed from Market Street.

Six Week Completion

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
First (Front)
Retail
Ancillary
83.61 sq m
39.30 sq m
(900 sq ft)
(423 sq ft)
GREGGS PLC (1) 10 years from 16/06/2010 on a full
repairing and insuring lease (3)
£26,000 15/06/2015 (2)
First (Rear) Residential Not measured INDIVIDUAL 999 years from 18/10/2013 £1  
Totals  
122.91 sq m
(1,323 sq ft)
    £26,001  

(1) For the year ending 3rd January 2015, Greggs plc reported a turnover of £803,961,000, pre-tax profits of £49,743,000 and a total net worth of £241,982,000. (Source: riskdisk.com 28/10/2015)
(2)The lease provides for a tenant option to determine the lease on 16th June 2015, on giving 6 months’ prior written notice. This option was not exercised by the tenant.
(3)The lease is subject to a short schedule of condition.

Property Documents

  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    706 KB
    View PDF
  • Site Plan
    Updated Date
    18.11.15
    File Size
    52 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Hill Dickinson LLP 50 Fountain Street
Manchester
M2 2AS
Jonathan Dover 0161 817 7290jonathan.dover@hilldickinson.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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