8 & 8a Little Underbank Stockport Cheshire SK1 1JT

8 & 8a Little Underbank
Stockport
Cheshire
SK1 1JT

Freehold Retail and Residential Investment

Let to William Hill Organization Ltd until 2027 (subject to option)
Rebased Rent
Includes a two bedroom maisonette
Town centre location
Nearby occupiers include Topman, WH Smith, Superdrug, River Island, HMV, H Samuel, Waterstones and EE

Lot
74
Auction
11th July 2018
Rent
£21,640 per Annum Exclusive
Status
Sold
Price
£225,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Freehold Retail and Residential Investment

Let to William Hill Organization Ltd until 2027 (subject to option)
Rebased Rent
Includes a two bedroom maisonette
Town centre location
Nearby occupiers include Topman, WH Smith, Superdrug, River Island, HMV, H Samuel, Waterstones and EE

Lot 74
Auction 11th July 2018
Rent £21,640 per Annum Exclusive
Status Sold
Price £225,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles south-east of Manchester City Centre, 47 miles north of Stoke-on-Trent, 47.1 miles south-west of Leeds
Roads: A6, M60 (Junction 1 or 27)
Rail: Stockport Rail Station
Air: Manchester Airport

Situation

The property is located on the south side of Little Underbank within the town centre, 85 metres from the entrance to the Merseyway Shopping Centre containing occupiers such as Topman, WH Smith, Superdrug, River Island, HMV, H Samuel, Waterstones and EE.

Tenure

Freehold.

Location

Miles: 6 miles south-east of Manchester City Centre, 47 miles north of Stoke-on-Trent, 47.1 miles south-west of Leeds
Roads: A6, M60 (Junction 1 or 27)
Rail: Stockport Rail Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and basement ancillary accomodation with a two bedroom maisonette on the first and second floors.

VAT

VAT is not 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 and basement ancillary accomodation with a two bedroom maisonette on the first and second floors.

VAT

VAT is not 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 Basement	Retail Ancillary	81.34 sq m 61.1 sq m	(876 sq ft) (657 sq ft)	WILLIAM HILL ORGANIZATION LIMITED t/a William Hill (1)	10 years from 29/01/2017 (2)	£14,500 (3)	29/01/2022 (28/01/2027)
First & Second	Residential	1 x two bedroom maisonette		INDIVIDUALS	Assured Shorthold Tenancy for 12 months from 18/09/2017	£7,140	(17/09/2018)
Total		142.44 sq m	(1,533 sq ft)			£21,640

(1) William Hill were incorporated in 1933 and are the UK’s largest land based bookmaker with 2,342 licensed betting shops in the UK with 28% of the market share in 2017 (by number of shops) and employ 16,000 people globally. For the year ending 27th December 2016, William Hill Organization Limited reported a turnover of £879,000,000, pre-tax profits of £223,500,000 and a total net worth of negative -£710,000,000 (Source: Experian Group 06/06/2018).
(2) The lease provides for a tenant option to determine on 28/01/2022.
(3) William Hill have traded from the property for at least 10 years. The rent has been rebased from £19,500 p.a.x.