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 7th December 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Status Withdrawn Prior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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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/ (Reversion)
Ground
Retail
239.8 sq m
(2,583 sq ft)
SAVERS HEALTH & BEAUTY LTD (1)
10 years from 23/09/2016 (2)
£45,000
23/09/2021 (23/09/2026) (2)
First Second
Residential
Not Measured
INCEPTUM2 LTD
999 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
