MFA Superbowl Greenbank Street Preston Lancashire PR1 7PH

MFA Superbowl
Greenbank Street
Preston
Lancashire
PR1 7PH

Freehold (2) Leisure Investment

  • Let to MFA Bowl Limited
  • Lease expires May 2037 (No Breaks)
  • Large site of about 1.2 acres (50% site coverage)
  • Future Residential Redevelopment Potential (subject to lease and consents) – previous Planning Consent for Residential
  • Car Parking for Approximately 70 cars
  • Within Close Proximity to University of Central Lancashire (UCLAN)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    56
  • Auction
    30th March 2017
  • Rent
    £125,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold (2) Leisure Investment

  • Let to MFA Bowl Limited
  • Lease expires May 2037 (No Breaks)
  • Large site of about 1.2 acres (50% site coverage)
  • Future Residential Redevelopment Potential (subject to lease and consents) – previous Planning Consent for Residential
  • Car Parking for Approximately 70 cars
  • Within Close Proximity to University of Central Lancashire (UCLAN)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 56
  • Auction 30th March 2017
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads
A6, A59, A582, A583, A5085, M6 (Junction 31), M65 (Junction 1)
Rail
Preston Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is located in a mixed commercial and residential area on the western side of Greenbank Street, between Ripon Street and Eldon Street, approximately one mile north-east of Preston City Centre. Other occupiers in the area include Jewson, Complete Bathrooms and Kitchens, Enterprise Rent- A-Car and a number of independent trade counter occupiers, as well as being within walking distance of The University of Central Lancashire (UCLAN).

Tenure

Freehold. (2) Majority Freehold. The majority of the property is held freehold with part of the yard area being held long leasehold for a term of 1000 years from 02/05/1860 until 01/05/2860 at a nominal rent. Please see the Legal Pack for further information.

Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads
A6, A59, A582, A583, A5085, M6 (Junction 31), M65 (Junction 1)
Rail
Preston Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is located in a mixed commercial and residential area on the western side of Greenbank Street, between Ripon Street and Eldon Street, approximately one mile north-east of Preston City Centre. Other occupiers in the area include Jewson, Complete Bathrooms and Kitchens, Enterprise Rent- A-Car and a number of independent trade counter occupiers, as well as being within walking distance of The University of Central Lancashire (UCLAN).

Tenure

Freehold. (2) Majority Freehold. The majority of the property is held freehold with part of the yard area being held long leasehold for a term of 1000 years from 02/05/1860 until 01/05/2860 at a nominal rent. Please see the Legal Pack for further information.

Description

The property comprises a bowling alley with 24 bowling lanes, bar/dining area and children’s party room with ancillary accommodation at first floor. The property has a site area of approximately 1.2 acres with a site coverage of c. 50% and provides car parking for approximately 70 cars.

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 a bowling alley with 24 bowling lanes, bar/dining area and children’s party room with ancillary accommodation at first floor. The property has a site area of approximately 1.2 acres with a site coverage of c. 50% and provides car parking for approximately 70 cars.

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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground

First
Bowling Alley/Bar &
Restaurant/Ancillary
Disused
2,719.99 sq m

-
(29, 278 sq ft)

14 (-)
MFA BOWL
LIMITED (1)
t/a MFA Superbowl

25 years from
29/05/2012 until
28/05/2037 on a
full repairing and
insuring lease
£125,000
29/05/2017
and five
yearly
thereafter
Totals  
2,719.99 sq m
(29, 278 sq ft)
    £125,000
 

(1) MFA Bowl Limited operate 31 bowling centres throughout the UK and the Channel Islands in locations including Leeds, Nottingham, Sheffield, Chichester, Horsham, Luton and Newcastle. For the year ending 3rd April 2016, MFA Bowl Limited reported a turnover of £16,972,171, pre-tax profits of £208,987 and a total net worth of £4,946,875
(Sources: www.mfabowl.com and Experian Group 27/02/2017).

Property Documents

  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    31.10.19
    File Size
    2 MB
    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
Associate Auctioneers
Robert Pinkus & Co
Danny Pinkus 01772 769 000danny@pinkus.co.uk
Seller's Solicitors
BBS Law The Edge, Clowes Street
Salford
M3 5NA
Daniel Berger 0161 832 2500daniel@bbslaw.co.uk

Useful Links

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

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