Future alternative use potential on the upper floor
VAT-free investment
Lot 47
Auction 16th June 2021
Rent £15,000 per Annum Exclusive
Status Sold
Price £145,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On 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 junction of Coronation Road and Liverpool Road (A565) close to Sainsburys supermarket and car parking. Nearby occupiers include a number of local retailers.
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 junction of Coronation Road and Liverpool Road (A565) close to Sainsburys supermarket and car parking. Nearby occupiers include a number of local retailers.
Tenure
Freehold.
Description
The property comprises a ground floor shop will ancillary accommodation above at first floor
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.sefton.gov.uk
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor shop will ancillary accommodation above at first floor
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.sefton.gov.uk
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Rent Review (Reversion)
Ground First
Retail Ancillary
129.50 sq m 37.20 sq m
(1,394 sq ft) (400 sq ft)
KYLPEA LTD t/a Kylpea
10 years from 13/11/2020 (1)
£7,500 rising to £15,000 on 13/08/2021 (2) (3)
(24/12/2025)
Total
166.70 sq m
(1,794 sq ft)
£15,000 (2)
(1) Tenants option to determine on 13/11/2026 (2) The rent rises to £15,000 on 13/08/2021. The Seller will top up the rent from completion of the sale to the 12/08/2021, by way of an allowance on completion of the sale. (3) Rent Deposit held of £3,750
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.