Halfords Autocentre
Riversway Retail Park, Mariners Way
Preston
PR2 2YN

Well Located Motor Trade Investment

  • Let to Halfords Autocentres Limited until July 2024 (no breaks)
  • July 2019 break option NOT exercised
  • Forms part of Riversway Retail Park
  • Nearby occupiers include Morrisons, Homebase, McDonald's, DFS and Pets at Home
  • Lot
    5
  • Auction
    11/Dec/2019
  • Rent
    £38,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £400,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Morrisons
  • Halfords Autocentre<br>Riversway Retail Park, Mariners Way<br>Preston<br>PR2 2YN
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
1.5 miles west of Preston town centre
15 miles south-east of Blackpool
56 miles south-west of Leeds
Roads
A583, A59, M6 (Junction 31)
Rail
Preston
Air
Liverpool John Lennon Airport
Situation

The property is located within the established Riversway Retail Park, adjacent to a major Morrisons Superstore. Riversway is a popular retail park located 1.5 miles west of Preston city centre, adjacent to Preston Marina. The park houses occupiers including Homebase, McDonald's, DFS and Pets at Home.

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Description

The property comprises a single storey motorist centre comprising reception and workshop accommodation. The property benefits from rights to parking.

VAT

VAT is applicable to this lot.

EPC

Band B. Available in the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundReception/
Workshop/
Ancillary
380.90 sq m
(4,100 sq ft)
HALFORDS
AUTOCENTRES
LIMITED (1)
10 years from
16/07/2014 until
15/07/2024 on a
full repairing and
insuring lease
£38,50016/07/2019
(outstanding)
Total
380.90 sq m
(4,100 sq ft)
  £38,500 

(1) For the year ending 30th March 2018, Halfords Autocentres Limited reported a turnover of £157,871,000, pre-tax profits of £2,418,000 and a total net worth of £32,737,000 (Source: Experian 04/11/2019). Halfords has more than 300 Autocentres, and is one of the UK's leading operators in car repairs (Source: www.halfords.com 04/11/2019).

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    24 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    690 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    742 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
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
Eversheds Sutherland Bridgewater Place, Water Lane
Leeds
LS11 %DR
Susan Ledger 0113 200 4674susanledger@eversheds-sutherland.com

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