Let to WH Smith Retail Holdings Limited on a reversionary lease until 2028 (no breaks)
Upwards only rent review July 2023
Rebased rent
Prominent town centre location
Neighbouring occupiers include Boots the Chemist, Clarks, Santander, Halifax, Iceland and Vodafone
Lot 2
Auction 23rd May 2019
Rent £52,500 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
20 miles south-west of Manchester
23 miles south-east of Liverpool
Roads
A533, A559, M56, M6
Rail
Northwich Rail Station
Air
Manchester International Airport
Situation
The property is prominently located at the junction of the pedestrianised Witton Street and Leicester Street in the heart of the town centre, 150 metres from the entrance to Barons Quay Shopping Centre. Neighbouring occupiers include Boots the Chemist, Clarks, Santander, Halifax, Iceland and Vodafone.
Tenure
Freehold.
Location
Miles
20 miles south-west of Manchester
23 miles south-east of Liverpool
Roads
A533, A559, M56, M6
Rail
Northwich Rail Station
Air
Manchester International Airport
Situation
The property is prominently located at the junction of the pedestrianised Witton Street and Leicester Street in the heart of the town centre, 150 metres from the entrance to Barons Quay Shopping Centre. Neighbouring occupiers include Boots the Chemist, Clarks, Santander, Halifax, Iceland and Vodafone.
Tenure
Freehold.
Description
The property comprises a double fronted building with retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
EPC
Band C. See legal pack at acuitus.co.uk.
Description
The property comprises a double fronted building with retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
EPC
Band C. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First
Retail Ancillary
248.00 sq m 167.70 sq m
(2,670 sq ft) (1,805 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
10 years from 25/07/2018 on a full repairing and insuring lease
£52,500
25/07/2023 (24/07/2028)
Total
415.7 sq m
(4,475 sq ft)
£52,500
(1) For the year ending 31st August 2018, WH Smith Retail Holdings Limited reported a turnover of £180,610,000, pre-tax profits of £115,766,000 and a total net worth of £440,313,000 (Source: Experian Group 29/04/2019).
