Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on the east side of North Road at its junction with Great George Street, 1/2 mile north of Preston City Centre. The property is situated in an established retail and trade counter location with nearby occupiers including Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym.
Tenure
Long Leasehold. Held from Preston City Council for a term of 125 years from 8th June 1983 at a current rent of £22,000 p.a.x. Terms have been agreed for a new 125 year lease at a rent of £22,200 p.a.x and is in solicitor’s hands. Please see the legal pack for further information.
Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on the east side of North Road at its junction with Great George Street, 1/2 mile north of Preston City Centre. The property is situated in an established retail and trade counter location with nearby occupiers including Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym.
Tenure
Long Leasehold. Held from Preston City Council for a term of 125 years from 8th June 1983 at a current rent of £22,000 p.a.x. Terms have been agreed for a new 125 year lease at a rent of £22,200 p.a.x and is in solicitor’s hands. Please see the legal pack for further information.
Description
The property comprises a substantial single storey retail warehouse currently arranged as two separate units. The property benefits from on-site car parking and rear access via Great George Street.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
Completion Period
Six Week Completion (subject to landlord's consent to assign)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial single storey retail warehouse currently arranged as two separate units. The property benefits from on-site car parking and rear access via Great George Street.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
Completion Period
Six Week Completion (subject to landlord's consent to assign)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Unit 1
Ground
Supermarket
789.60 sq m
(8,499 sq ft)
ICELAND FOODS LIMITED (1)
10 years from 25/04/2014
£72,100
24/04/2019 (24/04/2024)
Unit 2
Ground
Retail Warehouse
719.70 sq m
(7,747 sq ft)
MULTI-TILE LIMITED (2)
10 years from 25/04/2014
£62,160
25/04/2019 (24/04/2024)
Totals
1,509.30 sq m
(16,246 sq ft)
£134,260
(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 06/06/2016) (2) For the year ending 3rd October 2015, Multi-Tile Limited reported pre-tax profits of £8,038,266 and a total net worth of £162,102,698. (Source: Experian Group 06/06/2016)
