Units 3, 4 and 5 Ashtrees Way
Market Street
Carnforth
Lancashire
LA5 9LB

Freehold Retail Investment

  • Three fully let retail units located in the heart of the town centre
  • 150 metres from Carnforth Railway Station
  • Close to Booths supermarket
  • Nearby occupiers include Barclays Bank, Co-op Food, Age UK and Greggs
  • Lot
    48
  • Auction
    23/May/2019
  • Rent
    £23,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • Units 3, 4 and 5 Ashtrees Way<br>Market Street<br>Carnforth<br>Lancashire<br>LA5 9LB
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* More information on the term "price" can be found here

Property Information

Location
Miles
29 miles north-east of Blackpool
50 miles north-west of Manchester
Roads
B6254, A6, M6
Rail
Carnforth Railway Station
Air
Blackpool International Airport
Situation

Carnforth is a popular town located just off the M6 at the north-eastern end of Morecambe Bay. The property is situated in the heart of the town centre, 150 metres from Carnforth Railway Station, close to Booths supermarket and car park. Neighbouring occupiers include Barclays Bank, Boots Pharmacy, Co-op Food, Age UK and Greggs.

Tenure

Freehold.

Description

The property comprises three ground floor retail units.
Units 3 and 4 are currently interconnected.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Unit 3: Band D, Unit 4: Band C, Unit 5: Band E See legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
3GroundRetail53.14 sq m(572 sq ft)KITTY BROWN
BOUTIQUE LTD
5 years from
13/09/2018 (1)
£8,00013/09/2021
(12/09/2023)
4GroundRetail58.43 sq m(629 sq ft)KITTY BROWN
BOUTIQUE LTD
6.5 years from
01/03/2017 (2)
£8,000(12/09/2023)
5GroundRetail31.68 sq m
(341 sq ft)INDIVIDUAL t/a
Cafe Edelweiss (3)
10 years from
13/03/2011
£7,000(12/03/2021)
Total
143.25 sq m
(1,542 sq ft)
  £23,000 

(1) The lease provides a tenant's option to determine on 12/09/2021.
(2) For the purpose of clarification, the original lease was for a term of 5 years. The lease was varied by way of a deed of variation to extend the lease until 12/03/2023. The lease provides a tenant break option on 01/03/2020.
(3) The lease is on assignment by way of an authorised guarantee agreement. Please refer to the legal pack for further information.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.05.19
    File Size
    62 MB
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  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    647 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    3 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
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
Vincents Solicitors 72 Liverpool Road, Penwortham
Preston
Lancashire
PR1 0DQ
Eamonn Wright 01772 751 775eamonnwright@vslaw.co.uk

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