Nearby occupiers include KFC, Dreams, Halfords and Aldi
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 13
Auction 19th May 2016
Rent £420,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Retail Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
12 miles east of Liverpool, 25 miles west of Manchester
Roads
A580, A570, M6, M62, M57
Rail
St Helens Central
Air
Liverpool John Lennon Airport
Situation
St Helens is located some 22 miles east of Liverpool and 30 miles west of Manchester. The property is strategically located next to KFC on the southern perimeter of the town fronting the St Helens Linkway (A58), which connects with Leeds to the north-east. St Helens Central Rail is a short walk from the property and St Helens Retail Park is located the other side of the A58 housing retailers including Dreams, Dunelm, Halfords, TK Maxx, Aldi and Maplin.
Tenure
Freehold.
Location
Miles
12 miles east of Liverpool, 25 miles west of Manchester
Roads
A580, A570, M6, M62, M57
Rail
St Helens Central
Air
Liverpool John Lennon Airport
Situation
St Helens is located some 22 miles east of Liverpool and 30 miles west of Manchester. The property is strategically located next to KFC on the southern perimeter of the town fronting the St Helens Linkway (A58), which connects with Leeds to the north-east. St Helens Central Rail is a short walk from the property and St Helens Retail Park is located the other side of the A58 housing retailers including Dreams, Dunelm, Halfords, TK Maxx, Aldi and Maplin.
Tenure
Freehold.
Description
The property comprises a modern retail warehouse building with open A1 (including food) consent, providing ground floor retail accommodation and two storey office accommodation and storage to the rear with on-site car parking for approximately 145 cars. To the rear of the property is a service yard accessed via a separate entrance on Watts Clift Way.
NB: As to the VAT status please refer to the special conditions.
Six Week Completion
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.
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 retail warehouse building with open A1 (including food) consent, providing ground floor retail accommodation and two storey office accommodation and storage to the rear with on-site car parking for approximately 145 cars. To the rear of the property is a service yard accessed via a separate entrance on Watts Clift Way.
NB: As to the VAT status please refer to the special conditions.
Six Week Completion
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.
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
Ground Mezzanine First
Retail/Ancillary Ancillary Ancillary
3,209.50 sq m 162.40 sq m 75.10 sq m
(35,547 sq ft) (1,748 sq ft) (808 sq ft)
MATALAN RETAIL LIMITED (1)
25 years from 10/03/2000 until 09/03/2025
£420,000
10/03/2015 (2) and 10/03/2020
Total
3,447.00 sq m
(37,103 sq ft)
(1) Matalan is a leading clothing and homeware retailer with over 200 stores in the UK (Source: www.matalan.jobs/ 18/04/2016). For the year ending 28 February 2015, Matalan Retail Limited reported a turnover of £1,094,000,000, pre-tax profits of £20,300,000 and a total net worth of £300,100,000 (Source: Experian Group 18/04/2016). (2) The 2015 rent review is outstanding.
