Bathstore & Anbo International Brookfield Street and Southgate Preston Lancashire PR1 1NR

Bathstore & Anbo International
Brookfield Street and Southgate
Preston
Lancashire
PR1 1NR

Freehold Retail/Trade Counter Investment

Let to Bathstore.com Limited and Anbo International Limited
Approximately 557.40 sq m (6,000 sq ft)
Established trade counter location
Nearby occupiers include Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym
Recent planning permission for change of use of part to student flats (see Planning)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
52
Auction
10th December 2015
Rent
£60,000 per Annum Exclusive
Status
Sold
Price
£650,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Charity Trustees

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Freehold Retail/Trade Counter Investment

Let to Bathstore.com Limited and Anbo International Limited
Approximately 557.40 sq m (6,000 sq ft)
Established trade counter location
Nearby occupiers include Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym
Recent planning permission for change of use of part to student flats (see Planning)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 52
Auction 10th December 2015
Rent £60,000 per Annum Exclusive
Status Sold
Price £650,000
Sector
Retail Warehouse
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Charity Trustees

Property Information

Location

Miles: 28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads: A6, A59, A582, A583, M6 (Junction 37), M65 (Junction 1)
Rail: Preston Railway Station
Air: Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport

Situation

The property is prominently situated on Brookfield Street and Southgate, one mile north of Preston City Centre. The property is situated in an established retail and trade counter location with nearby occupiers including Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym.

Tenure

Freehold.

Location

Miles: 28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads: A6, A59, A582, A583, M6 (Junction 37), M65 (Junction 1)
Rail: Preston Railway Station
Air: Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises two retail/trade counter units with parking for 7 cars with the unit let to Bathstore.

Six Week Completion

Planning
The property at Southgate (Anbo International Limited) received Planning Permission on 31/03/2015 to convert from A1 (Retail) to 10 en-suite student rooms (C4) with alterations to the elevations.
For further information: Preston City Council. Town Hall, Lancaster Rd, Preston PR1 2RL. Tel: 01772 906900.

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

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 (Brookfield Street)	Retail 7 Car Parking Spaces	278.70 sq m	(3,000 sq ft)	BATHSTORE.COM LIMITED (1)	15 years from 12/07/2004	£39,000	11/07/2019
Ground (Southgate)	Retail	278.70 sq m	(3,000 sq ft)	ANBO INTERNATIONAL LIMITED (t/a Flooring Republic) (2)	10 years from 25/06/2015 (3)	£21,000 rising to £25,000 on 29/09/2020	24/06/2025
Totals		557.40 sq m	(6,000 sq ft)			£60,000

(1) Bathstore is the country’s leading specialist bathroom retailer, with 172 stores across the UK. (Source: www.bathstore.com) For the year ending 31st March 2015, Bathstore.com Limited reported a turnover of £112,012,000, pre-tax profits of negative £2,272,000 and a net worth of £2,170,000. (Source: Experian Group 13/11/2015)
(2) Anbo International (t/a Flooring Republic) was formed in 2007 and is now ranked as the third largest UK importer of solid wood flooring and hardwood products. (Source: www.anbointernational.com).
(3) The lease provides for a mutual option to determine on 28th September 2020.