30 - 32 Witton Street
Northwich
Cheshire
CW9 5AJ

Freehold Retail Investment

  • 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
    23/May/2019
  • Rent
    £52,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £615,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 30 - 32 Witton Street<br>Northwich<br>Cheshire<br>CW9 5AJ
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(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
£52,50025/07/2023
(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).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    03.05.19
    File Size
    37 MB
    Login to View
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    833 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Darlingtons Solicitors Darlingtons House, Spring Villa Rd
Edgware
Middlesex
HA8 7EB
Jonathan Green 020 8951 6620jgreen@darlingtons.com

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