Nearby occupiers include Sainsbury's, Boots the Chemist, Superdrug and Costa Coffee
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 22
Auction 30th March 2017
Rent £80,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles north of Liverpool, 35 miles west of Manchester
Roads
M62, M58, M57, A565
Rail
Blundellsands & Crosby Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent position on the west side of the pedestrianised Liverpool Road, close to its junction with Moor Lane. The property is situated adjacent to Boots the Chemist with nearby occupiers including Sainsbury's supermarket, Costa Coffee and Superdrug.
Tenure
Freehold.
Location
Miles
6 miles north of Liverpool, 35 miles west of Manchester
Roads
M62, M58, M57, A565
Rail
Blundellsands & Crosby Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent position on the west side of the pedestrianised Liverpool Road, close to its junction with Moor Lane. The property is situated adjacent to Boots the Chemist with nearby occupiers including Sainsbury's supermarket, Costa Coffee and Superdrug.
Tenure
Freehold.
Description
The property, an attractive and substantial quadruple fronted modern building, comprises two retail units, one a triple fronted unit used as a banking hall on the ground floor with ancillary accommodation on the entire first floor and the second a single lock-up retail unit used as a bar. The property benefits from rear access. There is a public car park at the rear of the property.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive and substantial quadruple fronted modern building, comprises two retail units, one a triple fronted unit used as a banking hall on the ground floor with ancillary accommodation on the entire first floor and the second a single lock-up retail unit used as a bar. The property benefits from rear access. There is a public car park at the rear of the property.
VAT
VAT is applicable to this lot.
Completion Period
Eight 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
Reviews
16/22
Ground First
Retail Ancillary
175.60 sq m 175.40 sq m
(1,890 sq ft) (1,888 sq ft) (3)
BARCLAYS BANK PLC (1)
30 years from 01/03/1992
£65,500
01/03/2017 (3)
16
Ground
Retail
60.50 sq m
(652 sq ft)
N AND T CROSBY LTD (t/a Tides Bar)
15 years from 03/04/2012 until 2027 (2)
£14,500
03/04/2017 03/04/2022
Total
411.50 sq m
(4,430 sq ft)
£80,000
(1) For the year ending 31st December 2015, Barclays Bank Plc reported pre tax profits of £2,841,000,000 and a total net worth of £55,845,000,000. (Source: Experian Group: 14/02/2017). (2) The tenant has not exercised the 2017 option to determine the lease. The lease provides for another tenant option to determine the lease on 3rd April 2022. (3) As to the lease in favour of Barclays Bank, the first floor area stated in the lease within the Rent Review clause is 2,635 sq ft. The seller has served a Rent Review notice quoting a new rent of £67,500 per annum exclusive in relation to the outstanding March 2017 Rent Review, which has been acknowledged by the tenant.
