95 - 101 Lord Street Fleetwood Lancashire FY7 6JZ

95 - 101 Lord Street
Fleetwood
Lancashire
FY7 6JZ

Freehold Supermarket Investment

  • Let to Iceland Foods Limited until February 2030 (no breaks)
  • 2025 tenant break option removed
  • 5 yearly fixed rental increases at 2.5% per annum compounded
  • Approximately 6,417 sq ft
  • Nearby occupiers include Pizza Express, Boots the Chemist, Santander and KFC
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    8
  • Auction
    19th May 2016
  • Rent
    £53,742 per Annum Exclusive
  • Status
    Sold
  • Price
    £775,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

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

Freehold Supermarket Investment

  • Let to Iceland Foods Limited until February 2030 (no breaks)
  • 2025 tenant break option removed
  • 5 yearly fixed rental increases at 2.5% per annum compounded
  • Approximately 6,417 sq ft
  • Nearby occupiers include Pizza Express, Boots the Chemist, Santander and KFC
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 8
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £775,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles north of Blackpool, 21 miles north-west of Preston, 57 miles north-west of Manchester
Roads
A585, A587, M55
Air
Blackpool Airport
Situation

The property occupies a prominent position on the southern side of Lord Street, between its junctions with Preston Street and London Street, in the heart of Fleetwood town centre. Nearby occupiers include Pizza Express, J D Wetherspoon, Boots the Chemist, KFC and branches of NatWest and Santander banks.

Tenure

Freehold.

Location
Miles
8 miles north of Blackpool, 21 miles north-west of Preston, 57 miles north-west of Manchester
Roads
A585, A587, M55
Air
Blackpool Airport
Situation

The property occupies a prominent position on the southern side of Lord Street, between its junctions with Preston Street and London Street, in the heart of Fleetwood town centre. Nearby occupiers include Pizza Express, J D Wetherspoon, Boots the Chemist, KFC and branches of NatWest and Santander banks.

Tenure

Freehold.

Description

The property comprises a ground floor supermarket with ancillary accommodation on the first floor.

Six Week Completion

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 ground floor supermarket with ancillary accommodation on the first floor.

Six Week Completion

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 Fixed Rental
Uplifts/(Reversion)
Ground
First
Supermarket/Ancillary
Ancillary
453.65 sq m
142.51 sq m
(4,883 sq ft)
(1,534 sq ft)
Iceland Foods
Limited (1)
25 years from
28/02/2005 on a full
repairing and insuring
lease
£53,742
rising to £60,804 in Feb 2020 and to
£68,794 in Feb 2025
28/02/2020
28/02/2025
(27/02/2030)
Totals  
596.16 sq m
(6,417 sq ft)
    £53,742

(1) For the year ending 27th March 2015, Iceland Foods Limited reported a turnover of £2,682,021,000, pre-tax profits of £58,794,000 and a total net worth of £709,630,000. (Source: Experian Group 04/04/2016).

NB: Please note that the property is also subject to a lease for an electricity substation for a term of 99 years from 25th December 1961 at a rent of £1 per annum.

Property Documents

  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    492 KB
    View PDF
  • Site Plan
    Updated Date
    27.04.16
    File Size
    477 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
Lewis & Partners 15-19 Cavendish Place
London
W1G OQE
Stephen Raingold 020 7580 4333stephenraingold@lewisandpartners.com
Seller's Solicitors
Burlingtons Legal LLP 5 Stratford Place
London
W1C 1AX
Simon Edwards 0207 529 5420simon.edwards@burlingtonslegal.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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