9 & 11 Ashley Road and 2 & 4 Oxford Road Altrincham WA14 2DT

  • 9 & 11 Ashley Road and 2 & 4 Oxford Road<br>Altrincham<br>WA14 2DT

9 & 11 Ashley Road and 2 & 4 Oxford Road
Altrincham
WA14 2DT

Prominent Freehold Retail Investment

  • Majority let to Optisavers Limited
  • 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    Withdrawn Prior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
     
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Prominent Freehold Retail Investment

  • Majority let to Optisavers Limited
  • 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  • Status Withdrawn Prior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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Formby Law Limited Marion House, 23 - 25 Elbow Lane
Formby
L37 4AB
Brian Whitfield 01704 835 225brian@formbylaw.com  Stephanie Walker 01704 878 501stephanie@formbylaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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