Prominent corner position close to Marks & Spencer
Pedestrianised town centre location close to Portland Walk Shopping Centre
Nearby occupiers include Poundworld, Subway and Holland & Barrett
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 87
Auction 19th May 2016
Rent £32,000 per Annum Exclusive
Status Sold
Price £204,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
67 miles north of Preston, 71 miles south of Carlisle, 97 miles north-west of Leeds
Roads
A590, A595
Rail
Roose and Barrow-in-Furness
Air
Manchester Airport
Situation
The property is situated in a prominent corner position on the northern side of the pedestrianised retail thoroughfare. Nearby occupiers include Marks and Spencer, Holland & Barrett, Cumberland Building Society, Vision Express and Thomas Cook.
Tenure
Freehold.
Location
Miles
67 miles north of Preston, 71 miles south of Carlisle, 97 miles north-west of Leeds
Roads
A590, A595
Rail
Roose and Barrow-in-Furness
Air
Manchester Airport
Situation
The property is situated in a prominent corner position on the northern side of the pedestrianised retail thoroughfare. Nearby occupiers include Marks and Spencer, Holland & Barrett, Cumberland Building Society, Vision Express and Thomas Cook.
Tenure
Freehold.
Description
The property comprises ground floor retail unit with ancillary accommodation on the first floor. The property benefits from a return frontage to Buccleuch Street and from nearby occupiers including Poundworld, Subway and Holland & Barrett.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail unit with ancillary accommodation on the first floor. The property benefits from a return frontage to Buccleuch Street and from nearby occupiers including Poundworld, Subway and Holland & Barrett.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without
personal liability.
VAT
VAT is not 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 First
Retail/Ancillary Ancillary
112.70 sq m 100.80 sq m
(1,213 sq ft) (1,085 sq ft)
GREENWOODS MENSWEAR LIMITED (1) (2)
15 years from and including 26/04/2003 on a full repairing and insuring lease
£32,000
25/04/2018
Totals
213.50 sq m
(2,298 sq ft)
£32,000
1) Greenwoods is a men’s suit and fashion retailer with headquarters in Bradford and began trading in 1860 (Source: www.greenwoodsonline.com). (2) The tenant is not currently in occupation but is up to date with their rental payments.
