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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

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
  • 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.

Property Documents

  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    878 KB
    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
Associate Auctioneers
Edwards & Co. 26 King Street
Manchester
M2 6AY
Martin Hamer 0161 833 9991martin@edwardsandco.com
Seller's Solicitors
Bury and Walkers Barnsley Britannic House, Regent Street
Barnsley
S70 2EQ
John Clark 01226 733 533j.clark@burywalkers.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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