40 Yorkshire Street Rochdale Lancashire OL16 1JN

40 Yorkshire Street
Rochdale
Lancashire
OL16 1JN

Freehold Retail Investment

  • Prime pedestrianised town centre location
  • Entirely let to Coral Racing Limited on a recent 10 year lease until 2024 (subject to option)
  • Nearby occupiers include W H Smith, Boots the Chemist, Marks & Spencer and Thorntons
  • Prominently situated opposite the Rochdale Exchange Shopping Centre
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    19
  • Auction
    26th March 2015
  • Rent
    £32,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Prime pedestrianised town centre location
  • Entirely let to Coral Racing Limited on a recent 10 year lease until 2024 (subject to option)
  • Nearby occupiers include W H Smith, Boots the Chemist, Marks & Spencer and Thorntons
  • Prominently situated opposite the Rochdale Exchange Shopping Centre
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 19
  • Auction 26th March 2015
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund

Property Information

Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads
A627, M66, M60, M62 (Junction 20)
Rail
Rochdale Railway Station
Air
Manchester Airport
Situation

The property is prominently situated on the east side of Yorkshire Street, Rochdale’s prime pedestrianised retail thoroughfare. The property benefits from being situated opposite the entrance to Rochdale Exchange Shopping Centre with occupiers including W H Smith and Boots the Chemist. Other nearby occupiers include Marks & Spencer, Thorntons, JD Sports and Greggs.

Tenure

Freehold.

Location
Miles
14 miles north of Manchester, 35 miles south-west of Leeds, 70 miles north-west of Sheffield
Roads
A627, M66, M60, M62 (Junction 20)
Rail
Rochdale Railway Station
Air
Manchester Airport
Situation

The property is prominently situated on the east side of Yorkshire Street, Rochdale’s prime pedestrianised retail thoroughfare. The property benefits from being situated opposite the entrance to Rochdale Exchange Shopping Centre with occupiers including W H Smith and Boots the Chemist. Other nearby occupiers include Marks & Spencer, Thorntons, JD Sports and Greggs.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first and second floors.

6 Weeks 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 a ground floor retail unit with ancillary accommodation on first and second floors.

6 Weeks 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
Second
Retail
Ancillary
Ancillary
106.20 sq m
84.11 sq m
37.60 sq m
(1,143 sq ft)
(905 sq ft)
(404 sq ft)
CORAL RACING LIMITED (1) 10 years from 27/11/2014 on a full repairing and insuring lease (2) £32,500 (3) 27/11/2019
Totals  
227.91 sq m
(2,452 sq ft)
    £32,500 (3)

(1) For the year ending 28/09/2013, Coral Racing Limited reported a turnover of £628,179,000, pre-tax profits of £81,627,000 and a total net worth of £93,510,000. (Source: www.riskdisk.com 02/02/2015)
(2)The lease provides a tenant only option to determine on the sixth anniversary of the term commencement date.
(3)For the purposes of clarification, Coral Racing Limited is currently benefitting from a rent free period due to expire on 27th May 2015. The seller has agreed to adjust the completion monies so that the unit will effectively produce £32,500 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    573 KB
    View PDF
  • Site Plan
    Updated Date
    03.03.15
    File Size
    96 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
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Maples Teesdale 30 King Street
London
EC2V 8EE
Shilpa Kotecha 0203 465 4368skotecha@maplesteesdale.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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