34 Abingdon Street
Blackpool
Lancashire
FY1 1DA

Freehold Retail Investment

  • Let to Ryman Limited on a renewed lease from 13th August 2021
  • Modest re-based rent
  • Close to Blackpool Winter Gardens and Blackpool North Train Station
  • Nearby occupiers including Greggs, Costa Coffee and Nando's
  • Lot
    31
  • Auction
    24/Sep/2021
  • Rent
    £4,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £76,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 34 Abingdon Street, Blackpool, Lancashire, FY1 1DA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
16 miles west of Preston
44 miles north of Liverpool
Roads
A583, M55
Rail
Blackpool North Train Station
Air
Blackpool Airport
Situation

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.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground and first floors.

VAT

VAT is applicable to this lot.

Note

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.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 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

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    796 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    866 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

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

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