Let to Photo Retail Limited t/a Max Spielmann until 2026 (subject to option)
Opposite Albert Square Shopping Centre and adjacent to Green Oaks Shopping Centre
Prominent pedestrianised location
Neighbouring occupiers include Santander, Lloyds, Holland & Barrett, Card Factory, Warren James and William Hill
Lot 116
Auction 18th October 2018
Rent £17,500 per Annum Exclusive
Status Sold
Price £103,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south-east of Liverpool, 30 miles south-west of Manchester
Roads
A557, A561, M62, M57
Rail
Widnes Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated on the east side of pedestrianised Albert Road, close to the Green Oaks Shopping Centre which houses retailers including Morrisons, TJ Hughes, Argos, Holland & Barrett and Peacocks. The Albert Square Shopping Centre is directly opposite and houses retailers including WH Smith, Iceland, Bonmarché and Savers.
Tenure
Virtual Freehold. Held for a term of 999 years from 24/12/1886 at a rent reserved of £4.13s.6d.
Location
Miles
12 miles south-east of Liverpool, 30 miles south-west of Manchester
Roads
A557, A561, M62, M57
Rail
Widnes Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated on the east side of pedestrianised Albert Road, close to the Green Oaks Shopping Centre which houses retailers including Morrisons, TJ Hughes, Argos, Holland & Barrett and Peacocks. The Albert Square Shopping Centre is directly opposite and houses retailers including WH Smith, Iceland, Bonmarché and Savers.
Tenure
Virtual Freehold. Held for a term of 999 years from 24/12/1886 at a rent reserved of £4.13s.6d.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Note
Three adjoining properties are also being offered in the auction as lots 107,104 and 112.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Note
Three adjoining properties are also being offered in the auction as lots 107,104 and 112.
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
Retail Ancillary
52.8 sq m 61.00 sq m
(568 sq ft) (656 sq ft)
PHOTO RETAIL LIMITED t/a Max Spielmann
10 years from 30/06/2016 (1)
£17,500
30/06/2021 (29/06/2026)
Total
113.8 sq m
(1,224 sq ft)
£17,500
(1) The lease provides for a tenant option to determine on 31/05/2019 and 31/05/2022.