30 Trafalgar Road
Wallasey
Birkenhead
Wirral
CH44 0EB

Freehold Convenience Store Investment

  • Let to Martin McColl Limited with Plc guarantor
  • 16.5 year lease from 21st February 2019
  • (no breaks)
  • 2% per annum fixed rental uplifts compounded throughout term
  • Rent increases to £34,121 pa on 21st August 2025 and £37,672 pa on 21st August 2030
  • Approximately 6,590 sq ft (includes Post Office) in densely populated area
  • Lot
    21
  • Auction
    23/May/2019
  • Rent
    £30,904 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 30 Trafalgar Road<br>Wallasey<br>Birkenhead<br>Wirral<br>CH44 0EB
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
5 miles north-west of Liverpool
25 miles north-west of Chester
Roads
A41, M56, M53
Rail
Wallasey Grove Road Railway Station
Air
Liverpool John Lennon Airport
Situation

Wallasey is located at the northern end of the Wirral Peninsula, adjacent to Birkenhead, and forms part of the Merseyside conurbation. The property is situated in Egremont, a predominantly residential suburb of Wallasey, at the corner of Stringhey Road and Trafalgar Road, which connects to King Street and Seabank Road (A554) to the east.

Tenure

Freehold.

Description

The property comprises a convenience store, which incorporates a post office and off-licence, arranged on the ground floor only.

VAT

VAT is applicable to this lot.

EPC

Band D. Please see legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRetail/Ancillary
612.23 sq m
(6,590 sq ft)
MARTIN McCOLL
LIMITED (1)
with a guarantee
from McCOLL’S
RETAIL GROUP
PLC (2)
16.5 years from 21/02/2019
until 20/08/2035 on a full
repairing and insuring lease
£30,904 (3)21/08/2020 and
5 yearly
thereafter. 2%
per annum fixed
rental uplifts
compounded
throughout the
term
Total
612.23 sq m
(6,590 sq ft)
  £30,904 

(1) For the year ending 26th Novermber 2017, Martin McColl Limited reported a turnover of £713,391,000, pre-tax profits of £27,168,000 and a total net worth of £42,850,000 (Source: Experian Group 24/04/2019). The first McColl's store was opened in 1901 and is now a leading neighbourhood retailer with around 1,550 convenience stores and newsagents across England, Scotland and Wales (Source: www.mccolls.co.uk 24/04/2019).
(2) For the year ending 26th November 2017, McColl's Retail Group Plc reported a turnover of £1,131,777,000 and pre-tax profits of £18,406,000 (Source: Experian Group 24/04/2019).
(3) The current passing rent is £30,000 per annum. The vendor has agreed to adjust the completion monies so that the property will effectively produce £30,904 per annum from completion of the sale until the first rent review in 2020.

Property Documents

  • Site Plan
    Updated Date
    01.05.19
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    472 KB
    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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Savoy Stewart Atlantic House, 351 Oxford Street
London
W1C 2JF
Nicholas Sherling 020 7478 9113ns@savoystewart.co.uk
Seller's Solicitors
Northern & Midland Holdings Sutherland House, 70/78 West Hendon Broadway
London
NW9 7BT
Stephen Goldberg 0208 457 3250stephen@nmholdings.co.uk

Useful Links

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