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
11/Dec/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Withdrawn Prior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

Important Auction & Property Update

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Photos
Map

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

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.

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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.