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
  • Lot
    38
  • Auction
    05/May/2021
  • Vacant Possession
  • Status
    Sold
  • Price*
    £200,000
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
Important Update
  • Former The Croft, Public House<br>Halton Lodge Avenue<br>Runcorn<br>Cheshire<br>WA7 5YQ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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.

Tenancy & Accommodation

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
    26.04.21
    File Size
    13 MB
    Login to View
  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    979 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    504 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 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
ABH Solicitors A1 Sovereign Business Park, Kings Croft Court
Wigan
WN1 3AP
Gary Shepherd 01942 246241gshepherd@abhlaw.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now