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

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Map

* 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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
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