City centre location on pedestrianised Church Street
Close proximity to Blackpool Tower and adjacent to Winter Gardens
Vacant possession of part first and second floor with future development potential
Nearby occupiers include Pizza Express, Greggs, British Heart Foundation and Costa Coffee
Lot 38
Auction 11th July 2019
Rent £35,000 per Annum Exclusive
Status Sold
Price £210,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
18 miles west of Preston
28 miles west of Blackburn
56 miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4),
M6 (Junction 32)
Rail
Blackpool North Rail
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation
The property is situated in a prominent position on the southern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre Blackpool and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including
Marks & Spencer, Pizza Express, Greggs, British Heart Foundation and Costa Coffee.
Tenure
Freehold.
Location
Miles
18 miles west of Preston
28 miles west of Blackburn
56 miles north of Liverpool
Roads
A583, A584, A66, M55 (Junction 4),
M6 (Junction 32)
Rail
Blackpool North Rail
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation
The property is situated in a prominent position on the southern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre Blackpool and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including
Marks & Spencer, Pizza Express, Greggs, British Heart Foundation and Costa Coffee.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with self-contained first and second floor ancillary accommodation which is currently accessed via Charnley Road. The tenant currently benefits from rights to use the toilets on the first floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with self-contained first and second floor ancillary accommodation which is currently accessed via Charnley Road. The tenant currently benefits from rights to use the toilets on the first floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
296.28 sq m
(3,189 sq ft)
CHEVIN RETAIL LIMITED t/a Toyland (1)
5 years from 20/05/2019 (2)
£35,000
30/04/2024
First Second
Ancillary Ancillary
175.36 sq m 62.72 sq m
(1,887 sq ft) (675 sq ft)
VACANT POSSESSION
Total
534.36 sq m
(5,751 sq ft)
£35,000 (2)
(1) Toyland Toyshop have seven stores across the north of England. For further information, visit www.toylandtoyshop.co.uk (Source: www.toylandtoyshop.co.uk 07/06/2019). (2) The lease provides a tenant option to determine on or after 30/04/2022 subject to three months' written notice. The tenant is currently benefitting from a rent free period due to expire on 01/04/2020. The seller has agreed to adjust the completion monies so the unit will effectively produce £35,000 from completion of the sale.
