Let to Dorsman Estates Co Limited (guaranteed by Peacock's Stores Limited) (t/a Peacocks and Slater Menswear)
Prime central pedestrianised retail district
Close to the major Liverpool One Shopping Centre and the established St John's Centre
Neighbour occupiers include Marks & Spencer, H&M, River Island and Next
Lot 21
Auction 8th December 2011
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
35 miles west of Manchester,, 17 miles north of Chester,, 17 miles west of Warrington
Roads
A59, M62 (Junction 4)
Rail
Liverpool Central Railway Station, Liverpool Lime Street
Air
Liverpool John Lennon International Airport
Situation
The property is situated in the heart of Liverpool's prime pedestrianised retailing district approximately 150 metres equidistant from the major established St John's Shopping Centre and the modern Liverpool One shopping centre.
Tenure
Long Leasehold. Held from Liverpool City Council for a term of 125 years expiring on 24th December 2110 at a fixed peppercorn rent
Location
Miles
35 miles west of Manchester,, 17 miles north of Chester,, 17 miles west of Warrington
Roads
A59, M62 (Junction 4)
Rail
Liverpool Central Railway Station, Liverpool Lime Street
Air
Liverpool John Lennon International Airport
Situation
The property is situated in the heart of Liverpool's prime pedestrianised retailing district approximately 150 metres equidistant from the major established St John's Shopping Centre and the modern Liverpool One shopping centre.
Tenure
Long Leasehold. Held from Liverpool City Council for a term of 125 years expiring on 24th December 2110 at a fixed peppercorn rent
Description
The property is a substantial detached retail building comprising retail and ancillary accommodation on the ground floor, first floor, second floor and basement.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a substantial detached retail building comprising retail and ancillary accommodation on the ground floor, first floor, second floor and basement.
VAT
VAT is applicable to this lot.
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
Basement Part Ground
Retail & Ancillary Retail and Loading
673.56 sq m 588.50 sq m
(7,250 sq ft) (6,335 sq ft)
DORSMAN ESTATES CO LIMITED (guaranteed by Peacock’s Stores Limited) (t/a Peacocks) (1)
10 years from 29/09/2003
£114,282
Annually – subject to turnover rent. See lease for details
Part Ground First Second
Retail & Ancillary Retail/Ancillary Ancillary
87.59 sq m 677.71 sq m 673.67 sq m
(943 sq ft) (7,293 sq ft) (7,251 sq ft)
SLATER MENSWEAR (2)
15 years from 29/09/2001
£129,250
29/09/2011
Totals
2,701.03 sq m
(29,072 sq ft)
£243,532
(1) Dorsman Estates Co Limited lease and manage property for the trading requirements of the Peacock Group. For the year ending 3rd April 2010 Dorsman Estates Co Limited reported a turnover of £971,000, pre-tax profits £4,193,000 and a net worth of £18,262,000. (Source: riskdisk 10.11.2011). For the year ending 3rd April 2010 Peacocks Stores Limited reported a turnover of £526,653,00, pre-tax profits of £39,358,000 and a total net worth of £136,847,000. (Source: riskdisk 31.10.2011) (2) Slaters Menswear are a long established family business operating from 22 outlets nationwide. (www.slaters.co.uk)