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 24th October 2019
Rent £24,234 per Annum Exclusive
Status Withdrawn Post
Price
Sector Supermarket/Convenience
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On Behalf of Trustees
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
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.
