12 Market Street Bolton Greater Manchester BL1 1BU

12 Market Street
Bolton
Greater Manchester
BL1 1BU

Freehold Retail Investment

Prominent position fronting the pedestrianised Market Street
Adjacent to Crompton Place Shopping Centre
Nearby occupiers include Barclays, Thorntons, Marks & Spencer, Accessorize and Clarks
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
75
Auction
8th December 2016
Rent
£15,000 per Annum Exclusive
Status
Sold
Price
£105,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Retail Investment

Prominent position fronting the pedestrianised Market Street
Adjacent to Crompton Place Shopping Centre
Nearby occupiers include Barclays, Thorntons, Marks & Spencer, Accessorize and Clarks
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 75
Auction 8th December 2016
Rent £15,000 per Annum Exclusive
Status Sold
Price £105,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 12 miles north west of Manchester
Roads: A58, A666, M6, M60, M61, M62
Rail: Bolton Rail
Air: Manchester Airport

Situation

The property occupies a prominent position fronting the pedestrianised Market Street. The property is located adjacent to the Crompton Place Shopping Centre which houses occupiers including Lloyds TSB, Ernest Jones and Poundland. Just south of the property is Victoria Square and Newport Street which is currently undergoing considerable regeneration, including a new £48m transport interchange. Other nearby occupiers include Barclays, Thornton's, Marks & Spencer, Accessorize and Clarks.

Tenure

Freehold.

Location

Miles: 12 miles north west of Manchester
Roads: A58, A666, M6, M60, M61, M62
Rail: Bolton Rail
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprise a ground floor retail unit with ancillary accommodation on first and second floors.

The adjoining property 2-10 Market Street is being offered in lot 21 of this catalogue.

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 comprise a ground floor retail unit with ancillary accommodation on first and second floors.

The adjoining property 2-10 Market Street is being offered in lot 21 of this catalogue.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
12 Market Street	Ground First Second	Retail Ancillary Ancillary	35.80 sq m 37.00 sq m 37.00 sq m	(385 sq ft) (389 sq ft) (389 sq ft)	INDIVIDUAL (t/a Luscious Dessertz) (1)	5 years from 23/06/2016	£15,000 (2)	23/06/2021
Total			109.80 sq m	(1,163 sq ft)			£15,000

(1) The tenant is due to take occupation shortly.
(2) For the purpose of clarification, the current rent is £7,000 per annum exclusive. The lease provides fixed rental increases to £14,000 in 22/12/2017 and £15,000 in 22/12/2019. The seller has agreed to adjust the completion monies so that the unit will effectively produce £15,000 from completion of sale.