Lease expires in November 2032 (no breaks), with RPI linked rent reviews
Highly visible, prominent town centre corner position at the junction of Ashley Road and Oxford Road
Close to large Sainsbury's supermarket and opposite JD Wetherspoon, with other nearby occupiers including Total Fitness, Home Bargains, and various banks
VAT-free investment
Lot 38
Auction 11th December 2019
Rent £28,100 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Lease expires in November 2032 (no breaks), with RPI linked rent reviews
Highly visible, prominent town centre corner position at the junction of Ashley Road and Oxford Road
Close to large Sainsbury's supermarket and opposite JD Wetherspoon, with other nearby occupiers including Total Fitness, Home Bargains, and various banks
VAT-free investment
Lot 38
Auction 11th December 2019
Rent £28,100 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
9 miles south-west of Manchester city centre
32 miles east of Liverpool
Roads
A56, M6, M56
Rail
Altrincham
Air
Manchester Airport
Situation
Altrincham is an affluent suburb of Manchester, located 9 miles south-west of the city centre. The property is located in a prominent corner position at the junction of Ashley Road and Oxford Road. Goose Green multi-storey car park (approx 500 spaces) is close by, as is a large Sainsbury's supermarket. The property is also situated opposite a JD Wetherspoon pub and close to Total Fitness, Home Bargains and various banks.
Tenure
Freehold.
Location
Miles
9 miles south-west of Manchester city centre
32 miles east of Liverpool
Roads
A56, M6, M56
Rail
Altrincham
Air
Manchester Airport
Situation
Altrincham is an affluent suburb of Manchester, located 9 miles south-west of the city centre. The property is located in a prominent corner position at the junction of Ashley Road and Oxford Road. Goose Green multi-storey car park (approx 500 spaces) is close by, as is a large Sainsbury's supermarket. The property is also situated opposite a JD Wetherspoon pub and close to Total Fitness, Home Bargains and various banks.
Tenure
Freehold.
Description
The property comprises an optician arranged on the ground floor and basement. The upper floors comprise two flats let on long leases.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk.
Description
The property comprises an optician arranged on the ground floor and basement. The upper floors comprise two flats let on long leases.
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 Basement
Retail/Ancillary Ancillary
82.43 sq m 30.86 sq m
(887 sq ft) (332 sq ft)
OPTISAVERS LIMITED (1)
26 years from 01/12/2006 until 30/11/2032 (2)
£28,000
01/12/2021 and three yearly linked to RPI (3)
First
Residential
-
(-)
INDIVIDUAL
999 years from 21/10/2005
£50
-
Second
Residential
-
(-)
INDIVIDUAL
999 years from 16/09/2005
£50
-
Total Commercial Area
113.29 sq m
(1,219 sq ft)
£28,100
(1) Optisavers Opticians and Hearing Centre 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 30/11/2032, with an additional rent review on the last day of the term. (3) Rent Reviews are upward only and linked to RPI. NB: The seller has served notices on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987. No acceptance notices have been received from the tenants within the permitted period.
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.
