31 / 33 Clifton Street
Lytham
FY8 5ER

Freehold Retail Investment

  • Retail let to Savers Health & Beauty Ltd until 2026 (subject to option)
  • Prominent town centre location
  • Nearby occupiers include Santander, NatWest, Greggs, Tesco and Oxfam
  • Lot
    29
  • Auction
    07/Dec/2017
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 31 / 33 Clifton Street<br>Lytham<br>FY8 5ER
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Property Information

Location
Miles
7.5 miles south of Blackpool, 50 miles north-west of Manchester
Roads
A584, A583, B5261
Rail
Lytham Railway Station
Air
Blackpool Airport
Situation

Lytham is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the north side of Clifton Street, the principal retailing street in Lytham. Nearby occupiers include Santander, Greggs, Tesco and Oxfam.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit and self contained upper parts comprising residential on the first and second floors which is let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Buyer's Legal Report

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Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
GroundRetail
239.8 sq m
(2,583 sq ft)
SAVERS HEALTH
& BEAUTY LTD
(1)
10 years from
23/09/2016 (2)
£45,00023/09/2021
(23/09/2026)
(2)
First
Second
Residential
Not Measured
INCEPTUM2 LTD999 years from
01/05/1896
Peppercorn 
Total Commercial
Floor Area

239.8 sq m
(2,583 sq ft)
  £45,000 

(1) For the 53 weeks ending 31st December 2016, Savers Health & Beauty Ltd reported a turnover of £416,708,000, a pre-tax profit of £36,319,000 and a net worth of (negative) -£46,070,000. (Experian 10/11/2017).
(2) The lease provides for a tenant option to determine the lease on 23/09/2021

Property Documents

  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    920 KB
    View PDF
  • Site Plan
    Updated Date
    15.11.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hill Dickinson LLP No 1 St, Pauls Square
Liverpool
L3 9SJ
Elizabeth Finnie 0151 600 8000elizabeth.finnie@hilldickinson.com

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