60 Market Street
Chorley
Lancashire
PR7 2SE

Freehold Retail Investment

  • Let to Optisavers Limited
  • Lease expires in November 2032 (no breaks)
  • Lease extended in 2017 with no incentives given to the tenant
  • Prominently situated on Market Street close to Chapel Street and the town's covered market
  • Nearby occupiers include Greggs, Specsavers, Clarks and various banks
  • VAT-free investment
  • Lot
    47
  • Auction
    24/Oct/2019
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 60 Market Street<br>Chorley<br>Lancashire<br>PR7 2SE
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
9 miles south of Preston
10 miles south-west of Blackburn
25 miles north-west of Manchester
Roads
A6, M6, M61, M65
Rail
Chorley Station
Air
Manchester Airport
Situation

Chorley is located 9 miles south of Preston and 25 miles north-west of Manchester. The property is located on the west side of Market Street, close to its junction with Chapel Street and St George's Street. The property is located close to Market Place, Chorley's covered market which operates five days a week. Nearby occupiers include Greggs, Specsavers, Clarks and various banks.

Tenure

Freehold.

Description

The property comprises a three storey building arranged as a ground floor optician, with first and second floor ancillary accommodation above.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUse
Floor Areas
(Approx)
TenantTermRent p.a.xReviews
Ground
First
Retail
Ancillary
62.99 sq m
52.50 sq m
(678 sq ft)
(565 sq ft)
OPTISAVERS
LIMITED (1)
29 years from 28/11/2003 until 27/11/2032 (2) on a full repairing and insuring lease£24,00028/11/2027
28/11/2030
SecondAncillary
Not Measured

Totals
115.49 sq m
(1,243 sq ft)
  £24,000 

(1) Optisavers Opticians and Hearing Centres is a family owned independent opticians and hearing care company which is celebrating over 28 years of service and now operates from six shops across North West England.
(2) By way of a Deed dated 29/11/2017, the lease was extended to expire on 27/11/2032, with additional rent reviews in November 2027 and November 2030.

Property Documents

  • Site Plan
    Updated Date
    02.10.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    747 KB
    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
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
Seller's Solicitors
Formby Law Limited Marion House, 23 - 25 Elbow Lane
Formby
L37 4AB
Brian Whitfield 01704 835 225brian@formbylaw.com  Stephanie Walker 01704 878 501stephanie@formbylaw.com

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