11-13 The Crescent
West Kirby
Wirral
CH48 4HL

Freehold Retail Investment

  • Let to Boots UK Limited until 2025 (no breaks) (2)
  • New reversionary lease signed in 2019
  • Double fronted unit in town centre
  • Nearby occupiers include NatWest, Superdrug and Morrisons
  • Lot
    21
  • Auction
    24/Oct/2019
  • Rent
    £34,380 per Annum Exclusive
  • Status
    Available
  • Price*
    £350,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees
  • 11-13 The Crescent<br>West Kirby<br>Wirral<br>CH48 4HL
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
10 miles west of Liverpool
20 miles north-west of Chester
Roads
B5192, A540, M53 (Junction 3)
Rail
West Kirby Rail
Air
Liverpool John Lennon Airport
Situation

West Kirby is a coastal town on the north-west corner of the affluent Wirral Peninsula. The property is located in the heart of the town centre, on the southern side of the principal retailing thoroughfare, The Crescent. Nearby occupiers include NatWest, Superdrug, Morrisons and Subway.

Tenure

Freehold.

Description

The property comprises an attractive double fronted retail unit with ancillary accommodation at first and second floors.

VAT

VAT is applicable to this lot.

EPC

Band D. Available to download from the legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
117.52 sq m
86.96 sq m
56.76 sq m
(1,265 sq ft)
(936 sq ft)
(611 sq ft)
BOOTS UK
LIMITED (1)
20 years and 4
months from
22/03/2005 until
21/07/2025 on a
full repairing and
insuring lease (2)
£34,380.86 (3)21/07/2025
Total
261.24 sq m
(2,812 sq ft)
  £34,380.86 (3) 

(1) For the year ending 31st August 2018, Boots UK Limited reported a turnover of £6,790,000,000, pre-tax profits of £398,000,000 and a total net worth of £875,000,000 (Source: Experian Group 19/09/2019). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2018 had 2,485 stores across the UK (Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 20/09/2019).
(2) The current lease is for a term of 15 years and 4 months expiring 20/07/2020, however a 5 year reversionary lease has been signed from expiry of the current term until 21/07/2025 at a re-based rent of £27,505 p.a.x.
(3) For the purpose of clarification, the current passing rent is £33,872.77 p.a.x. The current lease provides a fixed rental increase to £34,380.86 p.a.x from 1st April 2020. The seller has agreed to adjust the completion monies so the sale will effectively produce £34,380.86 p.a.x from the completion of sale. At the commencement of the reversionary lease on 22/07/2020, the rent will re-base to £27,505 p.a.x. for the remainder of the term.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    08.10.19
    File Size
    10 MB
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  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    678 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    1 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
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Heather Manning 0121 393 0806heather.manning@gowlingwlg.com  Nisha Minhas 0121 393 0648Nisha.Minhas@gowlingwlg.com

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