Let to McDonald’s Restaurants Limited until 2021 (no breaks)
Located on busy Marus Bridge Retail Park adjacent to a new Sainsbury’s Foodstore and Petrol Filling Station
Prominent corner position on Warrington Road (A49)
Nearby occupiers include Asda, Homebase and B & M Home Store
Six Week Completion
Lot 10
Auction 5th December 2013
Rent £56,576 per Annum Exclusive
Status Sold
Price £810,000
Sector Restaurant
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2.2 miles south-west of Wigan, 18.5 miles north-east of Liverpool, 19 miles north-west of Manchester
Roads
A49, M6 (Junction 25), M58
Rail
Pemberton Rail, Wigan Wallgate Rail
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is situated in a very prominent position within the busy Marus Bridge Retail Park on the northern side of Worthington Way, at its junction with Warrington Street (A49) which provides a direct link between Wigan town centre and the M6 motorway (Junction 25). Nearby occupiers include Sainsbury’s, Asda, Homebase and B & M Home Store. Sainsbury’s have recently extended their lease on the adjacent foodstore and petrol filling station to in excess of 25 years (no breaks), following an extensive redevelopment.
Tenure
Virtual Freehold. Held from Marus Properties LLP for a term of 999 years from completion at a peppercorn rent.
Location
Miles
2.2 miles south-west of Wigan, 18.5 miles north-east of Liverpool, 19 miles north-west of Manchester
Roads
A49, M6 (Junction 25), M58
Rail
Pemberton Rail, Wigan Wallgate Rail
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is situated in a very prominent position within the busy Marus Bridge Retail Park on the northern side of Worthington Way, at its junction with Warrington Street (A49) which provides a direct link between Wigan town centre and the M6 motorway (Junction 25). Nearby occupiers include Sainsbury’s, Asda, Homebase and B & M Home Store. Sainsbury’s have recently extended their lease on the adjacent foodstore and petrol filling station to in excess of 25 years (no breaks), following an extensive redevelopment.
Tenure
Virtual Freehold. Held from Marus Properties LLP for a term of 999 years from completion at a peppercorn rent.
Description
The property comprises a modern purpose built 24-hour drive-thru restaurant and benefits from on-site car parking.
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 comprises a modern purpose built 24-hour drive-thru restaurant and benefits from on-site car parking.
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
Review
Ground
Restaurant/ Ancillary
202 sq m
(2,176 sq ft)
MCDONALD’S RESTAURANTS LIMITED (1)
25 years from 29/09/1996 until 28/09/2021 on a full repairing and insuring lease
£56,576
28/09/2016
Totals
202 sq m
(2,176 sq ft)
£56,576
(1) For the year ending 31st December 2012, McDonald’s Restaurants Limited reported a turnover of £1,317,594,000, pre-tax profits of £202,214,000 and a total net worth of £643,048,000. (Source: www.riskdisk.com 05/11/2013)
