43-45 High Street West Glossop Derbyshire SK13 8AZ

43-45 High Street West
Glossop
Derbyshire
SK13 8AZ

  • 43-45 High Street West<br>Glossop<br>Derbyshire<br>SK13 8AZ

Freehold Retail Investment

  • Let to Superdrug Plc (by way of recently completed Lease Renewal)
  • 5 year lease from September 2021
  • (subject to option)
  • Tenant in occupation for over 25 years
  • Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots the Chemist
  • Approximately 300m from Glossop Train Station
  • Historic Peak District Market Town
  • Lot
    27
  • Auction
    13/Dec/2021
  • Rent
    £35,300 per Annum Exclusive
  • Status
    Sold
  • Price*
    £425,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
13 Miles South-East of Manchester
24 Miles North-West of Sheffield
Roads
A57, M67 (J4)
Rail
Glossop
Air
Manchester Airport
Situation

Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated on the south side of High Street West within approximately 300m of Glossop Railway station. Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots.

Tenure

Freehold.

Location
Miles
13 Miles South-East of Manchester
24 Miles North-West of Sheffield
Roads
A57, M67 (J4)
Rail
Glossop
Air
Manchester Airport
Situation

Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated on the south side of High Street West within approximately 300m of Glossop Railway station. Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x
Ground
First
Retail/Ancillary
Ancillary
197.79 sq m
71.90 sq m
(2,129 sq ft)
(774 sq ft)
SUPERDRUG
STORES PLC (1)
5 years from 24/09/2021 (2)
on a full repairing & insuring
lease
£35,300 (3)
Total
269.69 sq m
(2,903 sq ft)
    £35,300 (3)

(1) For the year ending 26/12/2020, Superdrug Stores Plc reported a turnover of £1,111,403,000, pre-tax profits of £18,763,000 and total shareholder's equity of £321,635,000 (NorthRow 17/11/2021).
(2) The lease is subject to a tenant option to determine on 24/09/2024.
(3) The tenant is paying half rent until 29/06/2022, after which the rent reverts to £35,300 pa. The Vendor has agreed to top up the completion monies so that the property produces £35,300 pa from completion of the sale until the half rent period ends. Please see Special Conditions of Sale.

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.

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
    23.11.21
    File Size
    753 KB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    844 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
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Addlestone Keane Solicitors Regent House, 5 Queen Street
Leeds
LS1 2TW
David Evans 0113 244 6700davidevans@aklaw.co.uk  Sally Christey 0113 238 4600sallychristey@aklaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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