Large site area of approximately 1.55 acres (0.62 hectares)
Car parking for approximately 90 cars
Prominent position fronting Park Road with retailers including Tesco Extra, JobCentre Plus and Urban Space Self Storage
Located in predominantly residential area
Lot 32
Auction 4th April 2019
Rent £180,500 per Annum Exclusive
Status Sold
Price £2,950,000
Sector Retail Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles south of Liverpool city centre, 11 miles south-west of St Helens, 11 miles north Mersey Gateway Bridge
Roads
A561, M62 (junction 4)
Rail
Brunswick Railway Station
Air
Liverpool John Lennon Airport
Situation
The property lies approximately 3 miles south of Liverpool city centre in a predominantly residential area. The property is situated on the southern side of Park Road (A561), which connects to Parliament Street and Upper Parliament Street (A562) to the north. Other occupiers on Park Road include Tesco Extra, JobCentre Plus, Urban Space Self Storage and Lifestyles Park Road Fitness Centre.
Tenure
Freehold.
Location
Miles
3 miles south of Liverpool city centre, 11 miles south-west of St Helens, 11 miles north Mersey Gateway Bridge
Roads
A561, M62 (junction 4)
Rail
Brunswick Railway Station
Air
Liverpool John Lennon Airport
Situation
The property lies approximately 3 miles south of Liverpool city centre in a predominantly residential area. The property is situated on the southern side of Park Road (A561), which connects to Parliament Street and Upper Parliament Street (A562) to the north. Other occupiers on Park Road include Tesco Extra, JobCentre Plus, Urban Space Self Storage and Lifestyles Park Road Fitness Centre.
Tenure
Freehold.
Description
The property comprises a purpose built unit providing retail and ancillary accommodation on the ground floor. The property benefits from car parking for approximately 90 cars and secure loading area to the side.
VAT
VAT is applicable to this lot.
EPC
Available in the legal pack at acuitus.co.uk
Description
The property comprises a purpose built unit providing retail and ancillary accommodation on the ground floor. The property benefits from car parking for approximately 90 cars and secure loading area to the side.
VAT
VAT is applicable to this lot.
EPC
Available in the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground
Retail/Ancillary
2,153.50 sq m
(23,180 sq ft)
B&M RETAIL LIMITED (1)
25 years from 23/12/1994 on a full repairing and insuring lease expiring 22/12/2019
£180,500
Total
2,153.50 sq m
(23,180 sq ft)
£180,500
(1) “B&M was formed in 1978 and is now on of the leading variety retailers in the UK. B&M has grown to over 600 stores and employs over 28,000 staff. We attract over 4 million happy customers through our doors a week” (Source: www.bmstores.co.uk). For the year ending 31st March 2018, B&M Retail Limited reported a turnover of £2,629,145,000, pre-tax profits of £236,006,000 and a total net worth of £600,542,000 (Source: Experian Group 19/02/2019). Part of the property has been sublet to Post Office Limited.
Contacts
Seller's Solicitors
WT Jones Solicitors 71, Gray's Inn, Holborn London WC1X 8TR 0207 242 4337
