Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent location in the heart of Blackpool town centre, on the east side of Abingdon Street, close to its junction with Church Street, Blackpool's prime retail pitch where occupiers include Greggs, Costa Coffee and Nando's. The property benefits from close proximity to Winter Gardens, one of the North West's premier conference, exhibition and events centres, and Blackpool North Train Station.
Freehold.
The property is situated in a prominent location in the heart of Blackpool town centre, on the east side of Abingdon Street, close to its junction with Church Street, Blackpool's prime retail pitch where occupiers include Greggs, Costa Coffee and Nando's. The property benefits from close proximity to Winter Gardens, one of the North West's premier conference, exhibition and events centres, and Blackpool North Train Station.
Freehold.
The property comprises a shop arranged on the ground and first floors.
VAT is applicable to this lot.
Please note, the buyer will pay 2% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Six Week Completion
Band D. See legal pack.
The property comprises a shop arranged on the ground and first floors.
VAT is applicable to this lot.
Please note, the buyer will pay 2% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Six Week Completion
Band D. See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
116.94 sq m 63.84 sq m |
(1,258 sq ft) (687 sq ft) |
RYMAN LIMITED (2) |
3 years from 13/08/2021 (3) on a full repairing and insuring lease |
£4,500 rising to £6,000 in August 2022 |
| Total |
180.78 sq m |
(1,945 sq ft) (1) |
£4,500 rising to £6,000 in August 2022 |
|||
(1) Floor areas provided by the Valuation Office Agency (www.gov.uk)
(2) For the year ending 28th March 2020, Ryman Limited reported a turnover of £123,444,000, pre-tax profit of £6,579,000 and shareholder funds of £64,352,000 (Source: NorthRow 08/07/2021). Started in 1893, Ryman currently trades from over 200 stationary shops across the UK (Source: Ryman.co.uk 08/07/2021).
(3) The lease provides for a mutual option to determine the lease on 13th August 2022 and 13th August 2023.
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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