Bathstore & Anbo International Brookfield Street and Southgate Preston Lancashire PR1 1NR

Bathstore & Anbo International
Brookfield Street and Southgate
Preston
Lancashire
PR1 1NR

Freehold Retail/Trade Counter Investment

  • Let to Bathstore.com Limited and Anbo International Limited
  • Approximately 557.40 sq m (6,000 sq ft)
  • Established trade counter location
  • Nearby occupiers include Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym
  • Recent planning permission for change of use of part to student flats (see Planning)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    52
  • Auction
    10th December 2015
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £650,000
  • Sector
    Retail Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Charity Trustees
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail/Trade Counter Investment

  • Let to Bathstore.com Limited and Anbo International Limited
  • Approximately 557.40 sq m (6,000 sq ft)
  • Established trade counter location
  • Nearby occupiers include Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym
  • Recent planning permission for change of use of part to student flats (see Planning)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 52
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £650,000
  • Sector
    Retail Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Charity Trustees

Property Information

Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads
A6, A59, A582, A583, M6 (Junction 37), M65 (Junction 1)
Rail
Preston Railway Station
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport
Situation

The property is prominently situated on Brookfield Street and Southgate, one 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

Freehold.

Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads
A6, A59, A582, A583, M6 (Junction 37), M65 (Junction 1)
Rail
Preston Railway Station
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport
Situation

The property is prominently situated on Brookfield Street and Southgate, one 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

Freehold.

Description

The property comprises two retail/trade counter units with parking for 7 cars with the unit let to Bathstore.

Six Week Completion

Planning
The property at Southgate (Anbo International Limited) received Planning Permission on 31/03/2015 to convert from A1 (Retail) to 10 en-suite student rooms (C4) with alterations to the elevations.
For further information: Preston City Council. Town Hall, Lancaster Rd, Preston PR1 2RL. Tel: 01772 906900.

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 two retail/trade counter units with parking for 7 cars with the unit let to Bathstore.

Six Week Completion

Planning
The property at Southgate (Anbo International Limited) received Planning Permission on 31/03/2015 to convert from A1 (Retail) to 10 en-suite student rooms (C4) with alterations to the elevations.
For further information: Preston City Council. Town Hall, Lancaster Rd, Preston PR1 2RL. Tel: 01772 906900.

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. Reversion
Ground
(Brookfield
Street)
Retail
7 Car Parking
Spaces
278.70 sq m
(3,000 sq ft)
BATHSTORE.COM LIMITED
(1)
15 years from
12/07/2004
£39,000 11/07/2019
Ground
(Southgate)
Retail
278.70 sq m
(3,000 sq ft)
ANBO INTERNATIONAL
LIMITED (t/a Flooring
Republic) (2)
10 years from
25/06/2015 (3)
£21,000 rising to
£25,000 on
29/09/2020
24/06/2025
Totals  
557.40 sq m
(6,000 sq ft)
    £60,000  

(1) Bathstore is the country’s leading specialist bathroom retailer, with 172 stores across the UK. (Source: www.bathstore.com) For the year ending 31st March 2015, Bathstore.com Limited reported a turnover of £112,012,000, pre-tax profits of negative £2,272,000 and a net worth of £2,170,000. (Source: Experian Group 13/11/2015)
(2) Anbo International (t/a Flooring Republic) was formed in 2007 and is now ranked as the third largest UK importer of solid wood flooring and hardwood products. (Source: www.anbointernational.com).
(3) The lease provides for a mutual option to determine on 28th September 2020.

Property Documents

  • Site Plan
    Updated Date
    18.11.15
    File Size
    54 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    701 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
Seller's Solicitors
Marsden Rawsthorn Solicitors 3/4 Faraday Court, Faraday Drive, Fulwood
Preston
Lancashire
PR2 9NB
01772 651 831
Stephen Hodgson 01772 799 600shodgson@marsdenrawsthorn.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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