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 11th December 2019
Rent £38,500 per Annum Exclusive
Status Sold
Price £435,000
Sector Motor Trade/Petrol Station
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On behalf of Morrisons
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Reception/ 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
£38,500
16/07/2019 (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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
