278 East Prescot Road (A57) Knotty Ash Liverpool Merseyside L14 7NH
278 East Prescot Road (A57) Knotty Ash Liverpool Merseyside L14 7NH
Freehold Motor Trade Investment
Let to Europcar Group UK Limited
Lease expires in December 2031 (No Breaks)
5 yearly rent reviews to the greater of Open Market Rental Value or annually compounded RPI linked rental increases subject to a minimum of 2% per annum and a maximum of 4% per annum
Lot 37
Auction 19th October 2017
Rent £34,000 per Annum Exclusive
Status Sold Prior
Price
Sector Motor Trade/Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
5 yearly rent reviews to the greater of Open Market Rental Value or annually compounded RPI linked rental increases subject to a minimum of 2% per annum and a maximum of 4% per annum
Lot 37
Auction 19th October 2017
Rent £34,000 per Annum Exclusive
Status Sold Prior
Price
Sector Motor Trade/Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
4 miles east of Liverpool
27 miles west of Manchester
Roads
M62, M57, A57
Rail
Broad Green Railway Station
Liverpool Lime Street Station
Air
Liverpool John Lennon Airport
Situation
Knotty Ash is a predominantly residential suburb situated approximately 4 miles east of Liverpool City Centre. The property is prominently positioned on the south side of East
Prescot Road (A57) at the busy junction of Eaton Road, opposite Alder Hey Children's Hospital. Nearby occupiers include Aldi, William Hill, Kwik Fit, KFC and Pizza Hut.
Tenure
Freehold.
Location
Miles
4 miles east of Liverpool
27 miles west of Manchester
Roads
M62, M57, A57
Rail
Broad Green Railway Station
Liverpool Lime Street Station
Air
Liverpool John Lennon Airport
Situation
Knotty Ash is a predominantly residential suburb situated approximately 4 miles east of Liverpool City Centre. The property is prominently positioned on the south side of East
Prescot Road (A57) at the busy junction of Eaton Road, opposite Alder Hey Children's Hospital. Nearby occupiers include Aldi, William Hill, Kwik Fit, KFC and Pizza Hut.
Tenure
Freehold.
Description
The property comprises a double bay warehouse unit that benefits from three vehicle access loading doors. The property also benefits from a large forecourt with a canopy for parking and displaying cars to rent. The tenant also occupies land to the south of the site, which is outside of the property being offered for sale.
VAT
VAT is not 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 double bay warehouse unit that benefits from three vehicle access loading doors. The property also benefits from a large forecourt with a canopy for parking and displaying cars to rent. The tenant also occupies land to the south of the site, which is outside of the property being offered for sale.
VAT
VAT is not 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
Review
Ground
Office and Ancillary
713.29 sq m
(7,678 sq ft)
EUROPCAR GROUP UK LTD (1)
15 years from 13/12/2016 until 18/03/2032
£34,000
13/12/2021 (2) and 13/12/2026
Total
713.29 sq m
(7,678 sq ft)
£34,000
(1) For the year ending 31st December 2016, Europcar Group UK Limited reported a turnover of £333,379,000, pre-tax profits of £13,186,000 and a total net worth of £70,009,000 (Source: Experian Group 14/09/2017). (2) The lease provides for the rent to be increased every five years in line with the Retail Price Index (RPI) (subject to a minimum of 2% per annum and a maximum of 4% per annum) or Open Market Rental Value, whichever is the greater.
