Freehold Retail/Office Investment & Vacant Site Development Opportunity
Prominent Town Centre Location
8 Shops, Offices & a Vacant Site
18,734 sq ft of Retail & Office Accommodation
Asset Management Opportunity
Adjacent to a Public Car
Site Area of approx. 0.7 acres
Lot 14
Auction 21st May 2020
Rent £31,139 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On the Instructions of a Major Property Company
Property Information
Location
Miles
6 miles north of Liverpool
11 miles south of Southport
35 miles west of Manchester
Roads
M62, M58, M57, A565
Rail
Blundellsands & Crosby Railway Station
Air
Liverpool John Lennon Airport
Situation
The coastal town of Crosby with a population of 52,000 is located 6 miles north of Liverpool, 11 miles south of Southport and 36 miles west of Manchester. The property is situated in a prominent position at the corner of the pedestrianised Moor Lane and Richmond Road. Adjacent is a public car park and Sainsburys supermarket. Nearby occupiers including Home Bargains (opposite) Peacocks, Greggs, Superdrug, Costa, Ladbrokes and Boots.
Tenure
Freehold.
Location
Miles
6 miles north of Liverpool
11 miles south of Southport
35 miles west of Manchester
Roads
M62, M58, M57, A565
Rail
Blundellsands & Crosby Railway Station
Air
Liverpool John Lennon Airport
Situation
The coastal town of Crosby with a population of 52,000 is located 6 miles north of Liverpool, 11 miles south of Southport and 36 miles west of Manchester. The property is situated in a prominent position at the corner of the pedestrianised Moor Lane and Richmond Road. Adjacent is a public car park and Sainsburys supermarket. Nearby occupiers including Home Bargains (opposite) Peacocks, Greggs, Superdrug, Costa, Ladbrokes and Boots.
Tenure
Freehold.
Description
The property comprises 8 shops, part with first floor accommodation. The remaining first floor and the second floor is separately accessed via Richmond Road. The property includes an area of vacant land fronting Richmond Road.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from conversion to a supermarket and or residential use, subject to the current tenancies and the necessary consents/permissions. Interested parties are referred to Sefton Council. www.sefton.gov.uk
Completion Period
Six week completion is available
EPC
Please see legal pack at www.acuitus.co.uk
Description
The property comprises 8 shops, part with first floor accommodation. The remaining first floor and the second floor is separately accessed via Richmond Road. The property includes an area of vacant land fronting Richmond Road.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from conversion to a supermarket and or residential use, subject to the current tenancies and the necessary consents/permissions. Interested parties are referred to Sefton Council. www.sefton.gov.uk
Completion Period
Six week completion is available
EPC
Please see legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
1
Ground First
Retail
331.70 sq m 268.6 sq m
(3,570 sq ft) 2,891 sq ft)
Vacant
1A
Ground First
Retail Ancillary
157.70 sq m 217.80 sq m
(1,697 sq ft) (2,341 sq ft)
Global Educational Trust
Licence expiring 15/01/2022 (1)
Peppercorn
15/01/2022 (1)
2
Ground
Retail
114.9 sq m
(1,237 sq ft)
Done Brothers (Cash Betting) Limited
15 years from 26/04/2006 expiring 25/04/2021
£21,000
25/04/2021
3
Ground
Retail
110.2 sq m
(1,186 sq ft)
RWS Printing And Embroidery Limited
1 year from 21/05/2019 expiring 20/05/2021 (2)
Peppercorn
20/05/2021 (2)
4
Ground
Retail
79.4 sq m
(855 sq ft)
SB Media Limited (Scouse Bird Shop)
2 years from 09/01/2019 expiring 08/01/2021 (3)
Peppercorn
08/01/2021 (3)
5
Ground
Retail
72.2 sq m
(777 sq ft)
Root22 Limited
2 years from 14/03/2019 expiring 13/03/2021 (4)
Peppercorn
13/03/2021 (4)
6
Ground
Retail
49.30 sq m
(531 sq ft)
SB Experience Limited (Scouse Bird Hair)
2 years from 9/01/2019 expiring 08/01/2021 (5)
Peppercorn
08/01/2021 (5)
7
Ground First
Entrance Office
10.3 sq m 52.2 sq m
(110 sq ft) (561 sq ft)
Individual (Accountants)
Tenancy at Will from 11/05/2018 (6)
£2,939.65
11 (8D)
First
Office
99.80 sq m
(1,074 sq ft)
Blundellsands Bridge Club Limited
Tenancy at Will from 14/06/2018 (7)
£7,800.05
8 B & C
First
Office
148.10 sq m
(1,594 sq ft)
Vacant
Second Floor
Second
Office
28.1 sq m
(302 sq ft)
Vacant
Land
Ground
Vacant Site
Vacant
(1) Landlords option to determine at any time on 14 days prior written notice to the Tenant. (2) Mutual option to determine at any time after 21.08.2019 on not less than one months prior written notice. (3) Mutual option to determine any time after 09.04.2019 on not less than ninety days prior written notice. (4) Mutual option to determine at any time after 14.06.2019 on not less than one months prior written notice. (5) Mutual option to determine at any time after 09.04.2019 on not less than ninety calendar days prior written notice. (6) Mutual option to determine immediately at any time on providing written notice. (7) Mutual option to determine immediately at any time on providing written notice.
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.
