Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated on the south side of the pedestrianised St James's Street, in the heart of the town centre, between Parker Lane and Manchester Road, opposite an entrance to Charter Walk Shopping Centre. Shopping Centre occupiers include Boots, Costa, Greggs, Iceland, Halifax, Primark and Wilko.
Freehold.
The property is prominently situated on the south side of the pedestrianised St James's Street, in the heart of the town centre, between Parker Lane and Manchester Road, opposite an entrance to Charter Walk Shopping Centre. Shopping Centre occupiers include Boots, Costa, Greggs, Iceland, Halifax, Primark and Wilko.
Freehold.
The property comprises a shop arranged on the basement, ground and mezzanine/first floors. The mezzanine first floor has been sublet.
VAT is not applicable to this lot.
Six Week Completion
Band C. See legal pack.
The property comprises a shop arranged on the basement, ground and mezzanine/first floors. The mezzanine first floor has been sublet.
VAT is not applicable to this lot.
Six Week Completion
Band C. See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground First/Mezzanine Basement (hatch access) |
Retail Retail (Sublet) - |
115.29 sq m 136.84 sq m - |
(1,241 sq ft) (1,473 sq ft) - |
CORAL RACING LIMITED (1) |
16 years from 28/02/2011 until 27/02/2027 on a full repairing and insuring lease |
£29,762 |
| Total |
252.13 sq m |
(2,714 sq ft) |
£29,762 | |||
(1) For the year ending 31st December 2019, Coral Racing Limited reported a turnover of £136,836,000, a pre-tax profit of £33,805,000 and shareholder funds of £178,071,000 (source: NorthRow 26/08/2021). The tenant is currently not in occupation and the first floor has been sublet to a tattoo artist t/a Skin Factory.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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