9 - 11 Chapel Street
Southport
Merseyside
PR8 1DF

Freehold Retail Investment

  • Let to Holland & Barrett Retail Limited on a new lease until 2024 (subject to option)
  • Prime pedestrianised town centre location
  • Neighbouring occupiers include Primark, Marks & Spencer, WH Smith, Boots the Chemist, Pandora, Costa Coffee and Santander
  • Lot
    23
  • Auction
    11/Dec/2019
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £400,000 - £425,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 9 - 11 Chapel Street<br>Southport<br>Merseyside<br>PR8 1DF
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* More information on the term "price" can be found here

Property Information

Location
Miles
16 miles north of Liverpool
19 miles south-west of Preston
Roads
A565, A570, M6, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

The property is situated on the north side of pedestrianised Chapel Street, in the heart of the town centre. Marble Place Shopping Centre is opposite, with neighbouring occupiers including Primark, Marks & Spencer, WH Smith, Boots the Chemist, Pandora, Costa Coffee and Santander.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail
Ancillary
Ancillary
149.92 sq m
74.58 sq m
68.50 sq m
(1,614 sq ft)
(803 sq ft)
(737 sq ft)
HOLLAND & BARRETT RETAIL
LIMITED (1)
5 years from 30/09/2019 (2) on a full repairing and insuring lease£40,000 (3)29/09/2024
Totals 
293 sq m
(3,154 sq ft)
  £40,000 (3) 

(1) For the year ending 30th September 2018, Holland & Barrett Retail Limited reported a turnover of £478,649,000, pre-tax profits of £66,605,000 and a total net worth of £299,406,000 (Source: Experian Group 12/11/2019).
(2) The lease provides for a tenant option to determine on 30/09/2022. The lease provides for a rent free period from 30th September 2022 until 29th December 2022.
(3) The lease provides for the rent commencement date of 30th March 2020. The seller will pay the buyer the rent that would have been due from completion of the sale until 30th March 2020.

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
    5 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    2 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Sintons LLP The Cube, Barrack Road
Newcastle upon Tyne
Tyne & wear
NE4 6DB
Danielle Dale 0191 226 7854danielle.dale@sintons.co.uk

Useful Links

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