Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles south-west of Manchester, 18 miles east of Liverpool
Roads
A49, A57, M62 (Junction 9)
Rail
Warrington Central Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
The property occupies a prominent corner position on the east side of Winwick Street at its junction with Westminster Place and close to Horsemarket Street in the heart of the town centre. The property is directly opposite Warrington Bus Station and Golden Square Shopping Centre housing occupiers including Primark, BHS, Superdrug, Holland & Barrett, Sports Direct and Nando’s. The
Cockhedge Shopping Park, housing occupiers such as Gala Bingo, Asda, Argos, Poundworld and Wilko is located to the rear of the property.
Tenure
Freehold. Part Freehold and Part Long Leasehold for a term of 999 years from 24th June 1886 at a ground rent of £61.02 per annum exclusive.
Location
Miles
17 miles south-west of Manchester, 18 miles east of Liverpool
Roads
A49, A57, M62 (Junction 9)
Rail
Warrington Central Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
The property occupies a prominent corner position on the east side of Winwick Street at its junction with Westminster Place and close to Horsemarket Street in the heart of the town centre. The property is directly opposite Warrington Bus Station and Golden Square Shopping Centre housing occupiers including Primark, BHS, Superdrug, Holland & Barrett, Sports Direct and Nando’s. The
Cockhedge Shopping Park, housing occupiers such as Gala Bingo, Asda, Argos, Poundworld and Wilko is located to the rear of the property.
Tenure
Freehold. Part Freehold and Part Long Leasehold for a term of 999 years from 24th June 1886 at a ground rent of £61.02 per annum exclusive.
Description
The property, an attractive period building, comprises a ground floor banking hall with self-contained office accommodation on the first and second floors. The property benefits from substantial parking to the rear together with disused outbuildings.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive period building, comprises a ground floor banking hall with self-contained office accommodation on the first and second floors. The property benefits from substantial parking to the rear together with disused outbuildings.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
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
Banking Hall
601.44 sq m
(6,474 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
Approx 22 years from 13/12/2006 until 11/12/2028 (2)
£50,000
11/12/2021 (3) 11/12/2026
First Second
Offices Offices
173.82 sq m 145.85 sq m
(1,871 sq ft) (1,570 sq ft)
VACANT POSSESSION
-
-
-
Totals
921.11 sq m
(9,915 sq ft)
£50,000
(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who have a market capitalisation rate of £43bn and are 81% owned by HM Government. (Source: www.natwest.com & www.rbs.com) (2)The lease provides for a tenant option to determine on 11th December 2016. (3)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.
