72 Church Street Blackpool FY1 1HP

  • 72 Church Street<br>Blackpool<br>FY1 1HP

72 Church Street
Blackpool
FY1 1HP

Modern Freehold Retail Investment

  • Entirely let to Greggs plc on a new 6 year lease at a rebased rent
  • Tenant occupied under previous lease
  • Prominent position on busy pedestrianised thoroughfare
  • Nearby occupiers include Marks & Spencer, Morrisons Local, Pizza Express and Halifax Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    23
  • Auction
    26th March 2015
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint Fixed Charged Receivers
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Modern Freehold Retail Investment

  • Entirely let to Greggs plc on a new 6 year lease at a rebased rent
  • Tenant occupied under previous lease
  • Prominent position on busy pedestrianised thoroughfare
  • Nearby occupiers include Marks & Spencer, Morrisons Local, Pizza Express and Halifax Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 23
  • Auction 26th March 2015
  • Rent £35,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint Fixed Charged Receivers

Property Information

Location
Miles
18 miles west of Preston, 28 miles west of Blackburn, 56 miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4), M6 (Junction 32)
Rail
Blackpool North Railway Station
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation

The property is situated in a prominent position on the northern side of Church Street, one of the town’s principal retailing thoroughfares and a short distance from the Hounds Hall Shopping
Centre. Nearby occupiers include Marks & Spencer, Morrisons Local, Pizza Express, Halifax Bank and Ladbrokes Betting Office.

Tenure

Freehold.

Location
Miles
18 miles west of Preston, 28 miles west of Blackburn, 56 miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4), M6 (Junction 32)
Rail
Blackpool North Railway Station
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation

The property is situated in a prominent position on the northern side of Church Street, one of the town’s principal retailing thoroughfares and a short distance from the Hounds Hall Shopping
Centre. Nearby occupiers include Marks & Spencer, Morrisons Local, Pizza Express, Halifax Bank and Ladbrokes Betting Office.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first, second and third floors.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Note

This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this
sale without personal liability.

Six Week Completion

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 ground floor retail unit with ancillary accommodation on the first, second and third floors.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Note

This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this
sale without personal liability.

Six Week Completion

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 Reversion
Ground
First
Second
Third 		Retail
Ancillary
Ancillary
Ancillary
110.30 sq m
100.64 sq m
27.41 sq m
40.39 sq m
(1,187 sq ft)
(1,083 sq ft)
(295 sq ft)
(435 sq ft)
 GREGGS PLC (1) 6 years from 07/04/2015 on a full repairing and insuring lease £35,000 06/04/2021
Totals  
278.74 sq m
(3,000 sq ft)
     £35,000

(1) For the year ending 28th December 2013, Greggs plc reported a turnover of £762,379,000, pre-tax profits of £33,152,000 and a total net worth of £235,165,000. (Source: www.riskdisk.com 23/02/2015

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Shakespeares LLP Somerset House, Temple Street
Birmingham
B2 5DJ
Edward Postlethwaite 0845 620 9408edward.postlethwaite@shakespeares.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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