Newly refurbished shop in popular and prosperous town
Nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché
Shop let to Intus Lettings on a new 5 year lease
Two Vacant Residential Flats on Upper Floors
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 1
Auction 16th February 2017
Rent £10,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
50 miles north-west of Manchester, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-On-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the pedestrianised Crescent in a prominent trading location in the heart of St Annes town centre. The property is close to The Burlington Centre which houses occupiers including Boots the Chemist, New Look and William Hill. Other nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché.
Tenure
Virtual Freehold. Held for a term of 980 years (less 3 days) from 01/09/1888.
Location
Miles
50 miles north-west of Manchester, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-On-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the pedestrianised Crescent in a prominent trading location in the heart of St Annes town centre. The property is close to The Burlington Centre which houses occupiers including Boots the Chemist, New Look and William Hill. Other nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché.
Tenure
Virtual Freehold. Held for a term of 980 years (less 3 days) from 01/09/1888.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement and residential flats on the upper two levels.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement and residential flats on the upper two levels.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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 Basement
Retail/Ancillary Ancillary
67.30 sq m 44.80 sq m
(724 sq ft) (482 sq ft)
INTUS LETTINGS LIMITED (1)
5 years from 14/10/2016
£10,000 (2)
13/10/2021
First
Residential
1 Bedroom Flat
VACANT POSSESSION
Second/Third
Residential
3 Bedroom Maisonette
VACANT POSSESSION
Total Commercial Area
112.10 sq m
(1,206 sq ft)
£10,000 (2)
(1) Intus Lettings trade from branches in Manchester, Ilkeston and Lytham St Annes (Source: wwwintuslettings.com 21/12/2016). (2) The current rent is £7,500 p.a.x. rising to £10,000 p.a.x. on 14th October 2017. The seller has agreed to adjust the completion monies so that the unit effectively produces £10,000 p.a.x. from completion of the sale.
Contacts
Seller's Solicitors
Fladgate LLP 16 Great Queen Street London WC2B 5DG
