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
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
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.
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.