44 - 46 Yorkshire Street Rochdale Greater Manchester OL16 1JW

44 - 46 Yorkshire Street
Rochdale
Greater Manchester
OL16 1JW

Freehold Retail Investment

  • Let to Poundworld Retail Limited until November 2025 (subject to option)
  • Prime town centre location
  • Adjacent to Marks & Spencer and opposite the main entrance to major Rochdale Exchange Shopping Centre
  • Nearby occupiers include JD Sports, B&M Bargains, EE, Subway, Costa and Lloyds Bank
  • Lot
    40
  • Auction
    14th February 2018
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Poundworld Retail Limited until November 2025 (subject to option)
  • Prime town centre location
  • Adjacent to Marks & Spencer and opposite the main entrance to major Rochdale Exchange Shopping Centre
  • Nearby occupiers include JD Sports, B&M Bargains, EE, Subway, Costa and Lloyds Bank
  • Lot 40
  • Auction 14th February 2018
  • Rent
  • Status Withdrawn Post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
10 miles north of Manchester, 28 miles south-west of Leeds, 37 miles north-east of Liverpool
Roads
M62 A58, A664, A627(M)
Rail
Rochdale Railway Station
Air
Manchester Airport
Situation

The property is prominently situated adjacent to Marks & Spencer, opposite the main entrance to the major Rochdale Exchange Shopping Centre on the eastern side of Yorkshire Street, Rochdale's prime pedestrianised retail thoroughfare. Nearby occupiers include JD Sports, B&M Bargains, EE, Subway, Costa and The Money Shop.

Tenure

Freehold.

Location
Miles
10 miles north of Manchester, 28 miles south-west of Leeds, 37 miles north-east of Liverpool
Roads
M62 A58, A664, A627(M)
Rail
Rochdale Railway Station
Air
Manchester Airport
Situation

The property is prominently situated adjacent to Marks & Spencer, opposite the main entrance to the major Rochdale Exchange Shopping Centre on the eastern side of Yorkshire Street, Rochdale's prime pedestrianised retail thoroughfare. Nearby occupiers include JD Sports, B&M Bargains, EE, Subway, Costa and The Money Shop.

Tenure

Freehold.

Description

The property comprises a substantial building comprising retail accommodation on the ground floor and ancillary accommodation in the basement and on the first floor.

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 a substantial building comprising retail accommodation on the ground floor and ancillary accommodation in the basement and on the first floor.

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 Review
(Reversion)
Ground
First
Basement
Retail
Ancillary
Ancillary
553.00 sq m
535.70 sq m
214.50 sq m
(5,952 sq ft)
(5,766 sq ft)
(2,309 sq ft)
POUNDWORLD RETAIL
LIMITED (1)
10 years from
13/11/2015 (2) on
a full repairing
and insuring
lease
£95,000 (3) 13/11/2020
(12/11/2025)

1,303.20 sq m
(14,027 sq ft)
    £95,000 (3)  

(1) For the year ending 31st March 2016, Poundworld Retail Limited reported a turnover of £462,689,000, pre-tax profits of negative £5,405,000 and a total net worth of £7,048,000 (Source: Experian Group 12/01/2018).
(2) The lease is subject to a tenant option to determine on 13/11/2020.
(3) Under the terms of the lease, the current rent reserved is £47,500 per annum exclusive, up to and including 22nd April 2018. From 23rd April 2018, the rent increases to £95,000 per annum exclusive (p.a.x.). The Seller will pay the buyer the difference between £47,500 p.a.x. and £95,000 p.a.x. from completion of the sale until 23rd April 2018. Therefore, the property will produce £95,00 p.a.x. from completion of the sale.
(4) The lease provides for a rent to be reviewed upward only.

Property Documents

  • Site Plan
    Updated Date
    08.11.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    08.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Ingram Winter Green LLP 21a John Street
London
London
WC1N 2BF
Paul Sheeter 020 7845 7428paulsheeter@iwg.co.uk

Useful Links

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

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