180/196 Allerton Road
Liverpool
Merseyside
L18 5HU

Substantial Freehold Retail and Leisure Parade Investment

  • Substantial retail and leisure parade (circa 44,294 sq ft) currently arranged as 7 retail units, a retail warehouse, 2 public houses and a gym
  • Tenants include Subway, Betfred, Anytime Fitness and Hops Pub Company
  • On-site car parking for approximately 56 cars
  • Prominent corner position fronting Allerton Road in popular Liverpool suburb
  • Nearby occupiers include Iceland, Specsavers, Costa Coffee and Barclays Bank
  • Lot
    19
  • Auction
    24/Oct/2019
  • Rent
    £405,415 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Major Fund Manager
Important Auction & Property Update
  • 180/196 Allerton Road<br>Liverpool<br>Merseyside<br>L18 5HU
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
4 miles south-east of Liverpool city centre
Roads
A562, M62 (Junction 4)
Rail
Mossley Hill
Air
Liverpool John Lennon Airport
Situation

Allerton is a popular commuter suburb some 3 miles south-east of Liverpool city centre. Allerton Road is a busy mixed use pitch which runs through the affluent suburbs of Mossley Hill and Woolton. The property occupies a prominent position on Allerton Road, close to the junction with the A562, the main arterial route to Liverpool city centre, with Mossley Hill Railway Station nearby. The property benefits from a separate entrance off Garthdale Road. Occupiers close by include Costa Coffee, Iceland, Specsavers and Barclays.

Tenure

Freehold.

Description

The property comprises a three storey mixed use parade which is currently arranged as 7 retail units, two public houses with a gym located at first floor level. At the rear of the parade is a retail warehouse arranged over ground, first and second floors. Some units benefit from mezzanine levels. The property benefits from a large site area of approximately
1.1 acres (0.445 hectares) and parking for approximately 56 cars from two dedicated car parks located at either end of the parade.

VAT

VAT is applicable to this lot.

EPC

Available in the legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
180Ground
First
Retail
182.18 sq m
140.28 sq m
(1,961 sq ft)
(1,510 sq ft)
ACCELERATE LEARNING
CENTRES NW LIMITED
13 years and 5
months from
13/10/2014 until
14/03/202
£33,00013/10/2019 &
15/03/2023
182GroundRetail
86.12 sq m
(927 sq ft)
DONE BROTHERS (CASH BETTING) LIMITED t/a Betfred (1)10 years from
21/04/2015 until
21/04/2025 (2)
£28,50021/04/2020
184Ground
Mezzanine
Retail
96.71 sq m
33.45 sq m
(1,041 sq ft)
(360 sq ft)
VACANT POSSESSION   
186GroundRetail
84.45 sq m
(909 sq ft)
TDK CONVENIENCE
STORE LIMITED
5 years from
06/10/2017 until
05/10/2022
£28,500 
188GroundRetail
111.48 sq m
(1,200 sq ft)
SUBWAY REALTY
LIMITED (3)
10 years from
29/02/2016 until
28/02/2026 (4)
£26,00001/03/2021
190GroundRetail
87.51 sq m
(942 sq ft)
MIDSHIRES CARE
LIMITED t/a Helping Hands (5)
10 years from
15/01/2019 until
14/01/2029 (6)
£27,500
(6)
15/01/2024
192GroundRetail
78.41 sq m
(844 sq ft)
INDIVIDUAL - vacant (7)10 years from
18/01/2018 (7)
£0 (7) 
180-196Ground/
First/
Second
Gym
696.87 sq m
(7,501 sq ft)
NORTH WEST LEISURE
LIMITED t/a Anytime Fitness (8)
15 years from
16/03/2018 until
15/03/2033 (9)
£60,000
(9)
16/03/2023
Unit 1
194-196
GroundLeisure
605.82 sq m
(6,521 sq ft)
HOPS PUB COMPANY
LIMITED guaranteed by
Town and City Pub
Company Limited
t/a The John Brodie (10)
25 years from
18/11/1997 until
17/11/2022
£72,00017/11/2017
(outstanding)
Unit 2
194-196
Ground
Mezzanine/
First
Leisure
263.94 sq m
177.91 sq m
(2,841 sq ft)
(1,915 sq ft)
BERNHAM LIMITED
t/a The Allerton Oak
15 years from
17/04/2018 until
16/04/2033 (11)
£55,00017/04/2023
Unit 3
194-196
Ground
First
Second
Retail
Retail
Retail
563.92 sq m
110.00 sq m
795.99 sq m
(6,070 sq ft)
(1,184 sq ft)
(8,568 sq ft)
CHANDLERS
(LIVERPOOL) LIMITED
t/a Chandlers Superstore
10 years from
24/06/2017 until
23/06/2027
£60,00024/06/2022
Roof
Space
180/196
--
-
-
EE LIMITED20 years from
24/03/2004 until
23/03/2024
£6,91524/03/2019
Roof
Space
180/196
--
-
-
TELEFONICA UK LIMITED25 years from
30/05/2012 until
29/05/2037
£8,000 
Total
4,193.55 sq m
(44,294 sq ft )
  £405,415 

(1) Betfred has been one of the most established and respected businesses within the North West and the gambling industry. Betfred is now one of the biggest and most well-known brands on the high street with over 1,600 shops (Source: www.betfred.com/about-us).
(2) The lease provides an option to determine on 21/04/2020.
(3) The Subway brand is the world's largest submarine sandwich chain with more than 44,000 locations around the world (Source: www.subway.com).
(4) The lease provides an option to determine on 28/02/2021.
(5) Helping Hands is a family-run home care provider with 30 years' experience and 100+ branches nationwide (Source: www.helpinghandshomecare.co.uk).
(6) The tenant is currently benefitting from a rent free period due to expire on 15/01/2020. The seller has agreed to adjust the completion monies so the unit will effectively produce £27,500 p.a.x from completion of sale. The lease provides an option to determine on 14/01/2024.
(7) The tenant is not in occupation of the unit and is not paying the contracted rent of £27,600 p.a.x. The lease provides a break option in year 5.
(8) Anytime Fitness opened its first club 16 years ago in Minnesota, USA and is now the world's largest health chain with over 4,500 clubs open in 33 countries and growing (Source: www.anytimefitness.co.uk/own-a-gym).
(9) The lease provides an option to determine on 16/03/2028. For the purpose of clarification, the current passing rent is £48,750 p.a.x.
The lease provides fixed rental increases to £52,500 p.a.x in year 3, £56,250 p.a.x in year 4 and £60,000 p.a.x in year 5. The vendor has agreed to adjust the completion monies so the sale will effectively produce £60,000 p.a.x from the completion of sale.
(10) Hops Pub Company Limited is part of Stonegate, which is the largest privately held managed pub operator in the UK with 660 pubs and bars (Source: www.stonegatepubs.com).
(11) The lease provides an option to determine on 17/04/2028.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regent Street
London
W1B 2AD
Alexy Pemberton 020 7355 6008alexy.pemberton@hamlins.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now