2 - 4 King Street
Birkenhead
Merseyside
CH42 2AJ

Prominent Convenience Store Investment

  • Entirely let to Martin McColl Limited (includes Post Office)
  • Lease expires November 2028 (no breaks)
  • 3% per annum rental increases received annually
  • Predominantly residential area
  • VAT-free investment
  • Lot
    17
  • Auction
    24/Oct/2019
  • Rent
    £24,234 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of Trustees
  • 2 - 4 King Street<br>Birkenhead<br>Merseyside<br>CH42 2AJ
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
2 miles south of Birkenhead town centre
4 miles south-west of Liverpool
Roads
A41, A552, M53, M56
Rail
Rock Ferry, Birkenhead Central
Air
Liverpool John Lennon Airport
Situation

Birkenhead is located on the west side of the River Mersey, two miles south-west of Liverpool. The property is located two miles south of Birkenhead, on the south side of King Street, close to its junction with Wirral Circular Trail. The property is situated in a predominantly residential location opposite The Hawthornes bus stop with direct services to Birkenhead town centre.

Tenure

Long Leasehold. Held for 999 years from 16/07/2008 (thus having some 987 years unexpired) at a ground rent of a peppercorn.

Description

The property comprises a triple fronted ground floor convenience store (including a post office) with basement ancillary accommodation, forming part of a larger building.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Basement
Retail
Ancillary
96.97 sq m
47.68 sq m
(1,044 sq ft)
(513 sq ft)
MARTIN McCOLL
LIMITED (1)
20 years from
27/11/2008 until
26/11/2028 on a
full repairing and
insuring lease
£24,223.80
(2)
3% per annum rental
increases reviewed
annually, with an
open market rent
review in November
2023 reviewed to the higher of the passing rent increased by 3%
or open market rental value
Total
144.65 sq m
(1,557 sq ft)
  £24,223.80 

(1) For the year ending 26th November 2017, Martin McColl Limited reported a turnover of £713,391,000, pre-tax profits of £27,168,000 and a total net worth of £42,850,000 (Source: Experian 17/09/2019).
(2) Rent as from 27th November 2019.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.10.19
    File Size
    32 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    619 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    910 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
Kuits Steinart Levy LLP 3 St Mary?s Parsonage
Manchester
Lancashire
M3 2RD
Gillian Battersby +44 (0)161 838 7858gillianbattersby@kuits.com

Useful Links

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