20 - 22 Washway Road Sale Manchester M33 7QY

20 - 22 Washway Road
Sale
Manchester
M33 7QY

Freehold Leisure Investment

  • Entirely let to SDI Fitness (Sale) Limited with guarantee from Sports Direct International Plc until 2037 (no breaks)
  • Fixed rental increase in 2019 with 5 yearly rent reviews thereafter
  • Town centre location close to The Square Shopping Centre
  • On-site car parking for approximately 56 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    48
  • Auction
    19th May 2016
  • Rent
    £205,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Marcol
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Leisure Investment

  • Entirely let to SDI Fitness (Sale) Limited with guarantee from Sports Direct International Plc until 2037 (no breaks)
  • Fixed rental increase in 2019 with 5 yearly rent reviews thereafter
  • Town centre location close to The Square Shopping Centre
  • On-site car parking for approximately 56 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 48
  • Auction 19th May 2016
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Marcol

Property Information

Location
Miles
5 miles south-west of Manchester
Roads
A56, M60 (Junction 7), M6, M56, M62
Rail
Sale Metrolink Station
Air
Manchester Airport
Situation

Sale is a popular commuter town situated 5 miles south-west of Manchester
City Centre, supported by the M60 Motorway and Manchester Metrolink. The
property is prominently situated in the heart of the town centre, close to The
Square Shopping Centre on the west side of the busy Washway Road, a main
arterial route connecting the town centre and the M60 to the north.

Tenure

Freehold.

Location
Miles
5 miles south-west of Manchester
Roads
A56, M60 (Junction 7), M6, M56, M62
Rail
Sale Metrolink Station
Air
Manchester Airport
Situation

Sale is a popular commuter town situated 5 miles south-west of Manchester
City Centre, supported by the M60 Motorway and Manchester Metrolink. The
property is prominently situated in the heart of the town centre, close to The
Square Shopping Centre on the west side of the busy Washway Road, a main
arterial route connecting the town centre and the M60 to the north.

Tenure

Freehold.

Description

The property, a Grade II Listed building, comprises a health club which provides
a reception, crèche, swimming pool and aerobics area on the ground floor with
a gymnasium on the first floor and ancillary accommodation on the second and
third floors. The property benefits from on-site car parking to the rear for
approximately 56 cars and an approximate site of 0.53 hectares (1.31 acres).

Eight 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, a Grade II Listed building, comprises a health club which provides
a reception, crèche, swimming pool and aerobics area on the ground floor with
a gymnasium on the first floor and ancillary accommodation on the second and
third floors. The property benefits from on-site car parking to the rear for
approximately 56 cars and an approximate site of 0.53 hectares (1.31 acres).

Eight 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 Reviews
Ground, First,
Second &
Third
Health Club
2,879.92 sq m
(31,000 sq ft)
SDI FITNESS (SALE) LIMITED
(1) GUARANTEED BY SPORTS
DIRECT INTERNATIONAL PLC
(2) ON ASSIGNMENT FROM
LA FITNESS LIMITED
35 years from 31/01/2002
until 30/01/2037 on a full
repairing and insuring lease
£205,000 Fixed rental
increase to
£226,336 on
31/01/2019 (3) and
5 yearly
thereafter
Total  
2,879.92 sq m
(31,000 sq ft)
    £205,000

1) Sports Direct Fitness is the leisure division of Sports Direct, the UK’s leading sports retailer and currently has 31 fitness clubs throughout the UK (Source: www.sportsdirectfitness.com).
(2) The lease is guaranteed by Sports Direct International Plc until 17th June 2019 only. For the year ending 2015 Sports Direct International Plc reported a turnover of £2,832,560,000, pre-tax profits of £313,446,000 and a total net worth of £908,997,000 (Source: Experian Group 06/04/2016).
(3) The lease provides for a fixed increase in rent on 31st January 2019 to £226,336 p.a.x and 5 yearly rent reviews thereafter to Open Market Rental Value.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    3 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.19
    File Size
    94 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

Seller's Solicitors
Clyde & Co St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Graeme Taylor 0207 876 4266graeme.taylor@clydeco.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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