Two Retail units let until 2023 t/a CEX and Crawshaws Butchers
New leases from 2013
Pedestrianised town centre location adjacent to the Rochdale Exchange Shopping Centre
Opposite Marks & Spencer
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 101
Auction 13th October 2016
Rent £92,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
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
Air
Manchester Airport
Situation
The property is prominently situated on the western side of Yorkshire Street, Rochdale’s prime pedestrianised retail thoroughfare. Marks & Spencer is directly opposite with the Rochdale Shopping Centre immediately adjacent housing occupiers including Greggs, WH Smith, Superdrug, O2 and River Island.
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
Air
Manchester Airport
Situation
The property is prominently situated on the western side of Yorkshire Street, Rochdale’s prime pedestrianised retail thoroughfare. Marks & Spencer is directly opposite with the Rochdale Shopping Centre immediately adjacent housing occupiers including Greggs, WH Smith, Superdrug, O2 and River Island.
Tenure
Freehold.
Description
The property comprises two retail units with 45 Yorkshire Street being over ground and first floors and 47 Yorkshire Street over ground and basement floors.
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 two retail units with 45 Yorkshire Street being over ground and first floors and 47 Yorkshire Street over ground and basement floors.
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
45
Ground First
Retail/Ancillary Ancillary
134.60 sq m 166.34 sq m
(1,449 sq ft) (1,790 sq ft)
CRAWSHAW GROUP PLC (t/a Crawshaws Butchers) (1)
10 years from 21/02/2013 (2 )
£55,000
21/02/2018 (21/02/2023)
47
Ground Basement
Retail/Ancillary Ancillary
82.10 sq m 132.00 sq m
(884 sq ft) (1,420 sq ft)
CEX (FRANCHISING) LIMITED (3) (t/a CEX)
10 years from 23/09/2013 (4)
£37,500
23/0 9/2018 (22/09/2023)
Totals
515.04 sq m
(5,543 sq ft)
£92,500
(1) Launched in Yorkshire in 1954, Crawshaws are the UK's leading Fresh Meat & Food to Go retailer, with over 40 stores across the Midlands and North of England. Crawshaw Group plc (CRAW) is listed on the London Stock Exchange on AIM (www.crawshawsbutchers.com 14/09/2016) (2) The lease provides an option to determine on 2oth February 2018. (3) For the year ending 30th June 2015, CEX (Franchising) Limited reported a turnover of £19,566,107, pre-tax profits of £1,904,998 and a total net worth of £6,339,841 (Source: Experian Group 14/09/2016) CEX was founded in 1992 and now has 115 stores worldwide. (Source: uk.webuy.com 14/09/2016) (4) The lease provides an option to determine on 22nd September 2018.
