340 Park Road
Liverpool
Merseyside
L8 4UE

Freehold Retail Investment

  • Let to B&M Retail Limited
  • Approximately 23,180 sq ft
  • 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
    04/Apr/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
  • 340 Park Road<br>Liverpool<br>Merseyside<br>L8 4UE
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  • Map

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

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
GroundRetail/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.

Property Documents

  • Site Plan
    Updated Date
    11.04.19
    File Size
    4 MB
    View PDF
  • Catalogue Page
    Updated Date
    11.04.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
WT Jones Solicitors 71, Gray's Inn, Holborn
London
WC1X 8TR
0207 242 4337
Peter Hambleton 0207 242 7767pch71gir@gmail.com

Useful Links

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