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 24th October 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
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
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
£24,000
28/11/2027 28/11/2030
Second
Ancillary
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.
