Farmfoods & United Carpets Warehouses Armitage Avenue, Little Hulton Manchester Greater Manchester M38 0EH

  • Farmfoods & United Carpets Warehouses<br>Armitage Avenue, Little Hulton<br>Manchester<br>Greater Manchester<br>M38 0EH

Farmfoods & United Carpets Warehouses
Armitage Avenue, Little Hulton
Manchester
Greater Manchester
M38 0EH

Modern Freehold Retail Investment

  • Let to Farmfoods and United Carpets (Northern) Ltd until 2030 (2) and 2023
  • RPI uplifts in United Carpet's lease
  • Prominent main road frontage adjoining Netto Supermarket
  • Farmfoods rent review 2010. Notice served at ?65,000 p.a.x.
  • Lot
    30
  • Auction
    27th May 2010
  • Rent
    £103,500 per Annum
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Retail Warehouse
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

Modern Freehold Retail Investment

  • Let to Farmfoods and United Carpets (Northern) Ltd until 2030 (2) and 2023
  • RPI uplifts in United Carpet's lease
  • Prominent main road frontage adjoining Netto Supermarket
  • Farmfoods rent review 2010. Notice served at ?65,000 p.a.x.
  • Lot 30
  • Auction 27th May 2010
  • Rent £103,500 per Annum
  • Status Withdrawn Post
  • Price  
  • Sector
    Retail Warehouse
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP

Property Information

Location
Estimated Population
Salford 216,000
Miles
?9 miles north-west of Manchester City Centre
7 miles north-west of Salford
3.5 miles south of Bolton
Roads
A5082, A6, M61
Rail
London Euston
Air
Manchester Airport
Situation

Prominently situated on main A5082 adjoining a Netto Supermarket some 100 metres from the junction with A6. Junction 4 of the M6 motorway is situated approximately 2 miles to the west.

Tenure

Freehold.

Location
Estimated Population
Salford 216,000
Miles
?9 miles north-west of Manchester City Centre
7 miles north-west of Salford
3.5 miles south of Bolton
Roads
A5082, A6, M61
Rail
London Euston
Air
Manchester Airport
Situation

Prominently situated on main A5082 adjoining a Netto Supermarket some 100 metres from the junction with A6. Junction 4 of the M6 motorway is situated approximately 2 miles to the west.

Tenure

Freehold.

Description

Two adjoining, single storey recently constructed RETAIL UNITS. The property benefits from generous car parking to the front of each unit. The site area is approximately 0.39 hectares (0.95 acres).

EPC

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

Description

Two adjoining, single storey recently constructed RETAIL UNITS. The property benefits from generous car parking to the front of each unit. The site area is approximately 0.39 hectares (0.95 acres).

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 Reviews
2 Ground

Retail

431.72 sq m

(4,647 sq ft)
FARMFOODS LIMITED (1) 25 years from 04/04/2005 until 2030 (2)
£43,500 03/04/2010 (5)
5 yearly
3 Ground

Retail
598.48 sq m
(6,442 sq ft)
UNITED CARPETS (NORTHERN) LTD (3) 15 years from 15/09/2008 until 2023 £60,000 (4) 15/09/2013
5 yearly with RPI uplifts
Totals    

1,030.20 sq m

(11,089 sq ft)
    £103,500  

(1)?To the year ending 31st December 2008 Farmfoods Limited reported a turnover of ?423,876,000, pre-tax profits of ?9,211,000 and a net worth of ?41,781,000. (2)?As to Unit 2 Farmfoods have a option to determine the lease on 4th April 2020. (3)?To the year ending 31st March 2008 United Carpets (Northern) Ltd reported a turnover of ?10,500,000, pre-tax profits of ?2,058,000 and a net worth of ?584,000. United Carpets plc are their ultimate parent company. (Source: www.riskdisk.com) (4)?As to Unit 3 please note the current rent is ?40,000 p.a.x rising to ?50,000 p.a.x. in 2011, ?55,000 p.a.x. in 2012 and ?60,000 p.a.x. in 2013. The seller will pay the buyer a sum equal to the difference between the current rent reserved and ?60,000 p.a.x. from completion of the sale until September 2013. (5)?As to the 2010 rent review, Notice has been served proposing a new rent of ?65,000 p.a.x.

Property Documents

  • Location
    Updated Date
    02.05.10
    File Size
    96 KB
    View PDF
  • OS Plan
    Updated Date
    02.05.10
    File Size
    37 KB
    View PDF
  • Lot 30
    Updated Date
    02.05.10
    File Size
    347 KB
    View PDF
  • Special Conditions
    Updated Date
    26.05.10
    File Size
    56 KB
    View DOC
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Seller's Solicitors
McCarthy Bennett Holland Solicitors 26 Bridgeman Terrace
Wigan
Lancashire
WN1 1TD
+44 (0)1942 200505
Mark Boon +44 (0)1942 206060mbh@wigansolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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