15 Allerton Road
Mossley Hill
Liverpool
Merseyside
L18 1LJ

Freehold Retail Investment

  • Let to Boots UK Limited until 2023 (no breaks)
  • Fixed 1.5% annual rental increases rising to £41,860.66 in 2022 (3)
  • Prominent corner position fronting Allerton Road in popular Liverpool suburb
  • 2020 break option removed (2)
  • Tenant in occupation since 1937
  • Nearby occupiers include WH Smith, Halifax, Tesco Express and Costa Coffee
  • Lot
    28
  • Auction
    28/Mar/2018
  • Rent
    £39,440 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
Important Property Update
  • 15 Allerton Road<br>Mossley Hill<br>Liverpool<br>Merseyside<br>L18 1LJ
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Property Information

Location
Miles
4 miles south-east of Liverpool City Centre
Roads
A562, M62 (Junction 4)
Rail
Mossley Hill
Air
Liverpool John Lennon Airport
Situation

Mossley Hill is a popular commuter suburb some 4 miles south-east of Liverpool city centre. The property is prominently situated on Allerton Street, at its junction with Hallville Road. Nearby occupiers include WH Smith, Halifax, Tesco Express, Thomson and Costa Coffee.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation. The tenant operates an NHS licensed pharmacy from the unit.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Retail/Ancillary
Ancillary
117.46 sq m
88.35 sq m
(1,264 sq ft)
(951 sq ft)
BOOTS UK
LIMITED (1)
10 years & 3 days from
29/03/2013 on a full
repairing and insuring
lease
£39,440.45 (2)
with annual
increases (3)
31/03/2023
Total
205.81 sq m
(2,215 sq ft)
  £39,440.45 

(1) For the year ending 31st August 2016, Boots UK Limited reported a turnover of £6,876,000,000, pre-tax profits of £523,000,000 and a total net worth of £1,204,000,000 (Source: Experian Group 17/01/2018). Boots is the UK’s leading pharmacy-led health and beauty retailer, with around 2,500 stores in the UK, ranging from local community pharmacies to large destination health and beauty stores. Boots UK is part of the Retail Pharmacy International Division of Walgreens
Boots Alliance, Inc, the first global pharmacy-led health and wellbeing enterprise (Source: www.boots-uk.com 23/02/2018).
(2) The tenant is currently benefitting from a rent free period expiring 31/01/2019 in exchange for removing the 2020 break option. The seller has agreed to adjust the completion monies so that the unit effectively produces £39,440.45 from the completion of the sale.
(3) The lease provides for annual fixed rental increases of 1.5%. The rent will therefore increase to £40,032.06 p.a.x on 01/04/2019, £40,632.54 p.a.x on 01/04/2020, £41,242.03 on 01/04/2021 and £41,860.66 on 01/04/2022.

Property Documents

  • Site Plan
    Updated Date
    07.03.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    07.03.18
    File Size
    594 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Heather Manning 0121 393 0806heather.manning@gowlingwlg.com

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