Former The Croft, Public House Halton Lodge Avenue Runcorn Cheshire WA7 5YQ
Former The Croft, Public House Halton Lodge Avenue Runcorn Cheshire WA7 5YQ
Freehold Commercial and Residential development Opportunity with Planning Consent
Regular and Level site of approximately 0.20 hectares (0.50 acre)
2 x Recent Planning Consent granted for 15 flats or 2 Retail units with 8 flats above
Agreement for lease for 15 flats to Hilldale Housing Association Limited at £136,500 per annum for 20 years with CPI linked annual increases and Interest from One Stop Stores Limited
Freehold Commercial and Residential development Opportunity with Planning Consent
Regular and Level site of approximately 0.20 hectares (0.50 acre)
2 x Recent Planning Consent granted for 15 flats or 2 Retail units with 8 flats above
Agreement for lease for 15 flats to Hilldale Housing Association Limited at £136,500 per annum for 20 years with CPI linked annual increases and Interest from One Stop Stores Limited
Lot 38
Auction 5th May 2021
Vacant Possession
Status Sold
Price £200,000
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
21 Miles south west of Manchester
12 Miles south east of Liverpool
12 miles north east of Chester
Roads
A533, M56
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is situated in a predominantly residential district on the east side of Halton Lodge Avenue adjacent to the YMCA hostel and close to St Chad Sixth form college.
Tenure
Freehold.
Location
Miles
21 Miles south west of Manchester
12 Miles south east of Liverpool
12 miles north east of Chester
Roads
A533, M56
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is situated in a predominantly residential district on the east side of Halton Lodge Avenue adjacent to the YMCA hostel and close to St Chad Sixth form college.
Tenure
Freehold.
Description
The property comprises a regular and level site of approximately 0.20 hectares (0.50 acre). The property was the former The Croft public house which has been demolished. The property is suitable for resident and commercial redevelopment and benefits from the recent planning consents detailed.
VAT
VAT is applicable to this lot.
Planning
Halton Borough Council has granted the following planning consents. Granted on 9th October 2020 under reference 20/00244/FUL. Demolition of the existing Public House building and construction of 2 x Retail Units and 8 x residential flats (6 x 2 bedroom and 2 x Studios) with car parking and secure cycle parking.
Granted on 8th October 2020 under reference 20/00241/ FUL. Demolition of the existing Public House building and construction of 15 x 1 bedroom flats for supported living use class C3(B)
Note
An Agreement for Lease has been signed for Hilldale Housing Association Limited to take a full repairing and insuring lease of the entire 15 flats for a term of 20 years at an initial rent of £136,500 per annum exclusive with annual rental increases linked to the Consumer Price Index (CPI).
Heads of terms are being discussed with One Stop Stores Limited (part of Tesco plc) to take a 15 year lease (subject to a 10 year tenant option to determine) of the retail units at a rent of £31,000 per annum exclusive.
Completion Period
Six Week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a regular and level site of approximately 0.20 hectares (0.50 acre). The property was the former The Croft public house which has been demolished. The property is suitable for resident and commercial redevelopment and benefits from the recent planning consents detailed.
VAT
VAT is applicable to this lot.
Planning
Halton Borough Council has granted the following planning consents. Granted on 9th October 2020 under reference 20/00244/FUL. Demolition of the existing Public House building and construction of 2 x Retail Units and 8 x residential flats (6 x 2 bedroom and 2 x Studios) with car parking and secure cycle parking.
Granted on 8th October 2020 under reference 20/00241/ FUL. Demolition of the existing Public House building and construction of 15 x 1 bedroom flats for supported living use class C3(B)
Note
An Agreement for Lease has been signed for Hilldale Housing Association Limited to take a full repairing and insuring lease of the entire 15 flats for a term of 20 years at an initial rent of £136,500 per annum exclusive with annual rental increases linked to the Consumer Price Index (CPI).
Heads of terms are being discussed with One Stop Stores Limited (part of Tesco plc) to take a 15 year lease (subject to a 10 year tenant option to determine) of the retail units at a rent of £31,000 per annum exclusive.
Completion Period
Six Week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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.
