15 - 25 Market Street Shaw Oldham OL2 8NR

15 - 25 Market Street
Shaw
Oldham
OL2 8NR

Freehold Retail Investment

  • Let to Bejam Group Limited t/a Iceland until 2030 (no breaks) with guarantee
  • 2025 tenant break option removed
  • 5 yearly fixed rental increases
  • Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express
  • Currently producing £84,961 p.a.x. Rising to £96,125 p.a.x. in 2025
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    48
  • Auction
    7th July 2016
  • Rent
    £84,961 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Bejam Group Limited t/a Iceland until 2030 (no breaks) with guarantee
  • 2025 tenant break option removed
  • 5 yearly fixed rental increases
  • Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express
  • Currently producing £84,961 p.a.x. Rising to £96,125 p.a.x. in 2025
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 48
  • Auction 7th July 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
10 miles north-east of Manchester, 30 miles south-west of Leeds
Roads
A627, M62
Air
Manchester Airport
Situation

Shaw is situated some 10 miles north-east of Manchester City Centre and benefits from excellent links via the M62. The property is situated on the east side of Market Street, the principle retailing pitch in Shaw and at its junction with Horton Square. Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express.

Tenure

Freehold.

Location
Miles
10 miles north-east of Manchester, 30 miles south-west of Leeds
Roads
A627, M62
Air
Manchester Airport
Situation

Shaw is situated some 10 miles north-east of Manchester City Centre and benefits from excellent links via the M62. The property is situated on the east side of Market Street, the principle retailing pitch in Shaw and at its junction with Horton Square. Nearby occupiers include Boots the Chemist, Barclays Bank and Tesco Express.

Tenure

Freehold.

Description

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

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 comprises retail accommodation on the ground floor with ancillary accommodation on the first floor.

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 Reviews
Ground
First
Retail
Ancillary
724.17 sq m
392.03 sq m
(7,795 sq ft)
(4,220 sq ft)
BEJAM GROUP LIMITED
t/a Iceland GUARANTEED
BY ICE ACQUISITIONS
LTD
25 years from
28/02/2005 until 2030
£84,961 (2) Rising to
£96,125 in Feb 2025
28/02/2020
(2)
28/02/2025
Totals  
1,116.20 sq m
(12,015 sq ft)
    £84,961

(1) Bejam Group Limited was incorporated in 1967 (Source: www.riskdisk.com). Iceland trades from over 860 stores nationwide (Source: www.iceland.co.uk).
(2) Under the terms of the lease, the current rent reserved is £75,093 per annum exclusive. The lease provides for a fixed increase in the rent to £84,961 per annum exclusive on 28th February 2020 and £96,125 per annum exclusive on 28th February 2025. The seller will pay the buyer the difference between the current rent reserved of £75,093 per annum exclusive and £84,961 per annum exclusive from completion of the sale until 28th February 2020.

Property Documents

  • Catalogue Page
    Updated Date
    13.11.19
    File Size
    665 KB
    View PDF
  • Site Plan
    Updated Date
    13.11.19
    File Size
    83 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
Guest Walker & Co 12A Shambles
York
Yorkshire
YO1 7LZ
John Walker 01904 624 903john.walker@guestwalker.co.uk

Useful Links

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

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