106/106a/108/108a Buttermarket Street
Warrington
Cheshire
WA1 2NZ

Freehold Retail and Residential Investment

  • Shop let to William Hill Organization Limited (recently extended lease)
  • 2 x 2 bed flats above, separately let on AST's
  • Town Centre location
  • In same ownership for over 25 years
  • VAT-Free Investment
  • Lot
    45
  • Auction
    16/Jun/2021
  • Rent
    £23,600 per Annum Exclusive
  • Status
    Available
  • Price*
    £220,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 106/106a/108/108a Buttermarket Street<br>Warrington<br>Cheshire<br>WA1 2NZ
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  • Map

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

Property Information

Location
Miles
17 miles south-west of Manchester
18 miles east of Liverpool
Roads
A49, A50, A57, M6, M62
Rail
Warrington Central
Air
Liverpool
Situation

Warrington is a large town in Cheshire approximately 17 miles south-west of Manchester and 18 miles east of Liverpool. The property is located on the south side of Buttermarket Street and benefits from good road access being 100 yards from the A49, providing access to the M62. Nearby occupiers include PureGym, Papa John's, and various independent retailers.

Tenure

Freehold.

Description

The property comprises a double-fronted three storey building arranged as a ground floor shop, with residential accommodation on the first and second floors, which are accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
GroundRetail
120.90 sq m
(1,301 sq ft)
WILLIAM HILL
ORGANIZATION
LIMITED (1)
A term of years expiring
24/12/2024 (2)
£14,000
First (106a)Residential -
2 bed flat
-
(-)
INDIVIDUAL1 year AST from
10/07/2020 at £375 pcm
£4,500
Second (108a)Residential -
2 bed flat
-
(-)
INDIVIDUAL1 year AST from
25/09/2020 at £425 pcm
£5,100

(1) For the year ending 31/12/2019, William Hill Organization Limited reported a turnover of £701,500,000, pre tax profits of £2,500,000 and shareholder's funds of £267,600,000 (Source: NorthRow 20/05/2021).
(2) The shop was originally let for a term of 10 years from 25/12/2011, but has recently been extended by way of a reversionary lease for a further term of 3 years from 25/12/2021, thus expiring on 24/12/2024.

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
    11.06.21
    File Size
    21 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    478 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    724 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Oglethorpe Sturton & Gillibrand 16 Castle Park
Lancaster
LA1 1YG
Alison Kinder 01524 846846 alison.kinder@osg.co.uk

Useful Links

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