Historic City Centre location on busy pedestrianised retailing thoroughfare
Let to Ultimate Outdoors Limited
Close to St Nicholas Arcades and Marketgate Shopping Centre
VAT free investment
Lot 117
Auction 18th October 2018
Rent £26,000 per Annum Exclusive
Status Sold
Price £186,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Joint Administrators at Moorfields
Property Information
Location
Miles
20 miles south of Kendal, 25 miles north-east of Blackpool, 53 miles north-west of Manchester
Roads
A683, A6, M6 (Junction 33)
Rail
Lancaster Rail Station
Air
Leeds Bradford, Manchester International
Situation
Lancaster is a historic and strategically important commercial centre located 25 miles north-east of Blackpool, 53 miles north-west of Manchester and 20 miles south of Kendal and the Lake District. The city is located within 2.5 miles of the M6 Motorway. The property is located in the city centre on the pedestrianised New Street, close to its junction with Market Street. Occupiers nearby include Barclays, TK Maxx, Lloyds, HSBC, H Samuel, Caffè Nero and Starbucks.
Tenure
Freehold.
Location
Miles
20 miles south of Kendal, 25 miles north-east of Blackpool, 53 miles north-west of Manchester
Roads
A683, A6, M6 (Junction 33)
Rail
Lancaster Rail Station
Air
Leeds Bradford, Manchester International
Situation
Lancaster is a historic and strategically important commercial centre located 25 miles north-east of Blackpool, 53 miles north-west of Manchester and 20 miles south of Kendal and the Lake District. The city is located within 2.5 miles of the M6 Motorway. The property is located in the city centre on the pedestrianised New Street, close to its junction with Market Street. Occupiers nearby include Barclays, TK Maxx, Lloyds, HSBC, H Samuel, Caffè Nero and Starbucks.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first, second and third floors.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
C
Description
The property comprises a ground floor shop with ancillary accommodation on the first, second and third floors.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
C
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second Third
Retail/Ancillary Ancillary Ancillary Ancillary
105 sq m 69 sq m 76 sq m 15 sq m
(1,130 sq ft) (743 sq ft) (818 sq ft) (161 sq ft)
ULTIMATE OUTDOORS LIMITED (1)
5 years from 26/07/2007
£26,000
Holding Over
Total
265 sq m
(2,852 sq ft)
£26,000
(1) In 2014, the business was acquired by JD Sports Fashion plc and is part of the Blacks family of stores including Millets, Blacks and Ultimate Outdoors (Source: www.ultimateoutdoors.com).
