Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
25 miles north-east of Blackpool, 53 miles north-west of Manchester
Roads
A683, M6
Rail
Lancaster Rail Station
Air
Leeds Bradford, Manchester International
Situation
The property is situated in the heart of Lancaster on the eastern side of the pedestrianised Penny Street, one of the town’s main retailing thoroughfares.
The property is within close proximity of St Nicholas Arcades and Marketgate
Shopping Centre, with other nearby occupiers including Wilko, O2, Monsoon, River Island, Marks & Spencer and Santander.
Tenure
Freehold.
Location
Miles
25 miles north-east of Blackpool, 53 miles north-west of Manchester
Roads
A683, M6
Rail
Lancaster Rail Station
Air
Leeds Bradford, Manchester International
Situation
The property is situated in the heart of Lancaster on the eastern side of the pedestrianised Penny Street, one of the town’s main retailing thoroughfares.
The property is within close proximity of St Nicholas Arcades and Marketgate
Shopping Centre, with other nearby occupiers including Wilko, O2, Monsoon, River Island, Marks & Spencer and Santander.
Tenure
Freehold.
Description
The property comprises a recently refurbished ground floor retail unit with ancillary accommodation on the first and second floor. In addition, the property benefits from extensive return frontage onto Frances Passage.
Six Week Completion
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.
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 recently refurbished ground floor retail unit with ancillary accommodation on the first and second floor. In addition, the property benefits from extensive return frontage onto Frances Passage.
Six Week Completion
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.
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 First Second
Retail Ancillary Ancillary
117.20 sq m 86.70 sq m 75.20 sq m
(1,261 sq ft) (933 sq ft) (810 sq ft)
VISION EXPRESS (UK) LIMITED (1)
25 years from 26/04/1996 until 25/04/2021 on a full repairing and insuring lease
£101,200
26/04/2016
Totals
279.10 sq m
(3,004 sq ft)
£101,200
1) For the year ending 31st December 2013, Vision Express (UK) Limited reported a turnover of £216,682,000, pre-tax profits of £18,220,000 and a total net worth of £19,067,000. (Source: www.riskdisk.com 15/04/2014)
