McColls, 257 St Helens Road (A579)
Bolton
Greater Manchester
BL3 3QA

Virtual Freehold Convenience Store Investment

  • Let to Martin McColl Limited until 2035 (no breaks)
  • No Rent Arrears
  • Fixed rental increase in 2025 and 2030
  • Rear yard with parking for approximately 5 cars
  • VAT free investment
  • Lot
    37
  • Auction
    23/Sep/2020

  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • McColls, 257 St Helens Road (A579)<br>Bolton<br>Greater Manchester<br>BL3 3QA
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* More information on the term "price" can be found here

Property Information

Location
Miles
1.5 miles south-west of Bolton
10 miles north-west of Manchester City Centre
Roads
A579, A676, A58, M61 (Junction 4 and 5)
Rail
Bolton Railway Station
Air
Manchester Airport
Situation

The property is prominently located on the east side of the busy St Helens Road (A579) in a predominantly residential area, 1.5 miles south-west of Bolton Town Centre. The property forms part of a local parade of shops and neighbouring occupiers include a mix of local restaurants and retailers.

Tenure

Virtual Freehold. Held for a term of 992 years (less 3 days) from 12th February 1876 at a fixed rent of 23 and 3 shillings per annum. (1)

Description

The property comprises ground floor convenience store with first floor ancillary accommodation. The property benefits from a substantial frontage onto the busy St Helens Road and a yard to the rear providing delivery access via Perth Street and car parking for approximately 5 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Retail
Ancillary
324.08 sq m
21.80 sq m
(3,488 sq ft)
(234 sq ft)
MARTIN
MCCOLL
LIMITED (2)
20 years from
30/03/2015 of a full
repairing and
insuring lease
£33,1225 yearly Fixed
increases to
£36,570pax in
2025 and
£40,376 pax in
2030
(29/03/2035)
Total
345.88 sq m
(3,722 sq ft) (3)
  £33,122 

(1) The ground rent has been paid by the seller up until 2036.
(2) For the year ending 25 November 2018, Martin McColl Limited reported a turnover of 835,333,000, pre-tax profits of 34,718,000 and shareholders funds of 218,271,000 (Source: SmartSearch 26/08/2020).
(3) The floor areas stated above have been adopted by the Valuation Office Agency.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.09.20
    File Size
    11 MB
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  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    988 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    622 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Guest Walker & Co 12A Shambles
York
Yorkshire
YO1 7LZ
John Walker 01904 624 903john.walker@guestwalker.co.uk

Useful Links

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