12-14 Chapel Street Chorley Lancashire PR7 1BW

12-14 Chapel Street
Chorley
Lancashire
PR7 1BW

Freehold Retail Investment

  • Let to R Roberts & Son (Warrington) Limited t/a Clarks
  • New 10 year lease renewal at a rebased rent (no breaks)
  • Tenant in occupation since at least 2006
  • Pedestrianised town centre location between Market Street and Marke Walk Shopping Centre and close to the covered market
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    18
  • Auction
    8th December 2016
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £385,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Receivers at CBRE
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to R Roberts & Son (Warrington) Limited t/a Clarks
  • New 10 year lease renewal at a rebased rent (no breaks)
  • Tenant in occupation since at least 2006
  • Pedestrianised town centre location between Market Street and Marke Walk Shopping Centre and close to the covered market
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 18
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £385,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Receivers at CBRE

Property Information

Location
Miles
28 miles north-west of Manchester, 29 miles north-east of Liverpool
Roads
A581, A674, M61 (junction 8)
Rail
Chorley Railway Station
Air
Manchester Airport
Situation

The property is situated on the southern side of the pedestrianised section of Chapel Street, between its junctions with Church Street and Market Street. The property is located near to Market Walk Shopping Centre which houses occupiers including B&M Bargains, Iceland, Peacocks, Boots the Chemist, JD Sports and New Look. Branches of RBS, Natwest, Halifax, TSB, and Santander banks are also located nearby. The covered market is situated nearby as is the Flat Iron public car park which is just a short walk away with parking for approximately 384 cars.

Tenure

Freehold.

Location
Miles
28 miles north-west of Manchester, 29 miles north-east of Liverpool
Roads
A581, A674, M61 (junction 8)
Rail
Chorley Railway Station
Air
Manchester Airport
Situation

The property is situated on the southern side of the pedestrianised section of Chapel Street, between its junctions with Church Street and Market Street. The property is located near to Market Walk Shopping Centre which houses occupiers including B&M Bargains, Iceland, Peacocks, Boots the Chemist, JD Sports and New Look. Branches of RBS, Natwest, Halifax, TSB, and Santander banks are also located nearby. The covered market is situated nearby as is the Flat Iron public car park which is just a short walk away with parking for approximately 384 cars.

Tenure

Freehold.

Description

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

VAT

VAT is not applicable to this lot.

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.

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 the first and second floors.

VAT

VAT is not applicable to this lot.

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.

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/(Reversion)
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
129.50 sq m
83.90 sq m
80.80 sq m
(1,394 sq ft)
(903 sq ft)
(870 sq ft)
R ROBERTS & SON
(WARRINGTON)
LIMITED t/a Clarks
Lease renewal for 10
years from 06/12/2016
(1)
£32,000
(1)
07/12/2021
(05/12/2026)
Totals  
294.20 sq m
(3,167 sq ft)
    £32,000  

(1) The tenant currently occupies the property on a 10 year lease from 6th December 2006 until 5th December 2016 at a current rent of £46,000 p.a.x. Heads of Terms have been agreed for a new 10 year lease from 6th December 2016 at a re-based rent of £32,000 p.a.x and is in solicitors hands due to complete imminently. The tenant is to benefit from a 6 month rent free period from completion of the lease. The seller has agreed to adjust the completion monies so the property will produce £32,000 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    555 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    71 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
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Emma Collins 0113 283 2694emma.collins@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now