7, 7A & 7B Rivington Road Ellesmere Port Cheshire CH65 0AW

7, 7A & 7B Rivington Road
Ellesmere Port
Cheshire
CH65 0AW

Three Town Centre Retail Investments

Occupiers include Dorothy Perkins and Superdrug
Prominent position on pedestrianised retail thoroughfare adjoining Port Arcades Shopping Centre
Nearby occupiers include Peacocks, Claire's Accessories, Thomas Cook, William Hill and Boots Opticians
Six Week Completion Period Available

Lot
34
Auction
8th December 2011
Rent
£80,850 per Annum Exclusive
Status
Sold
Price
£575,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Jemma McAndrew & Richard Stanley as Joint LPA Receivers

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Three Town Centre Retail Investments

Occupiers include Dorothy Perkins and Superdrug
Prominent position on pedestrianised retail thoroughfare adjoining Port Arcades Shopping Centre
Nearby occupiers include Peacocks, Claire's Accessories, Thomas Cook, William Hill and Boots Opticians
Six Week Completion Period Available

Lot 34
Auction 8th December 2011
Rent £80,850 per Annum Exclusive
Status Sold
Price £575,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Jemma McAndrew & Richard Stanley as Joint LPA Receivers

Property Information

Location

Miles: 6.8 miles north of Chester, 13 miles south of Liverpool, 36 miles south-west of Manchester
Roads: M63 (Junction 9), M56 (Junction 15)
Rail: Ellesmere Port Railway Station
Air: Liverpool John Lennon, Manchester International

Situation

The property is situated in a prominent position on the eastern side of the pedestrianised Rivington Road. The property adjoins the Port Arcades Shopping Centre which houses occupiers such as New Look, Carphone Warehouse, Costa Coffee, Gamestation and Subway. Other nearby occupiers include Boots Opticians, Nationwide Building Society and NatWest Bank

Tenure

Long Leasehold. held for a term of 140 years from 4th February 1969 until 3rd February 2109 at a current rent of £6,500 per annum The rent is fixed until 2031 at which point the rent is reviewed every 30 years until the expiry of the term For further details please refer to the legal documents

Location

Miles: 6.8 miles north of Chester, 13 miles south of Liverpool, 36 miles south-west of Manchester
Roads: M63 (Junction 9), M56 (Junction 15)
Rail: Ellesmere Port Railway Station
Air: Liverpool John Lennon, Manchester International

Situation

Tenure

Description

The property comprises a large two storey retail facility that has been subdivided to provide three self-contained retail units.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a large two storey retail facility that has been subdivided to provide three self-contained retail units.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use		Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
7A	Ground	Retail	377.81 sq m	(4,053 sq ft)	SUPERDRUG STORES PLC (1)	25 years from 25/03/1988	£45,600	(25/03/2013)
7B	Ground First	Retail/Storage Storage	218.26 sq m 97.33 sq m	(2,350 sq ft) (1,048 sq ft)	BURTON/DOROTHY PERKINS PROPERTIES LIMITED (2) (t/a Dorothy Perkins)	25 years from 25/03/1988	£35,250	(25/03/2013)
7	Basement Ground First	Ancillary Retail/Storage Offices/Storage	27.08 sq m 1,088.21 sq m 1,243.62 sq m	(291 sq ft) (11,713 sq ft) (13,386 sq ft)	VACANT POSSESSION
Totals			3,052.31 sq m	(32,841 sq ft)			£80,850

(1) For the year ending 25th December 2010, Superdrug Stores plc reported a turnover of £1,054,587,000, pre-tax profits of £9,302,000 and a total net worth of £133,384,000. (Source: www.riskdisk.com 03/11/2011)
(2) Burton/Dorothy Perkins Properties Limited is a subsidiary of Arcadia Group Limited. For the year ending 28th August 2010, Arcadia Group Limited reported a turnover of £146,923,000, pre-tax profits of £19,845,000 and a total net worth of £1,092,763,000. (Source: riskdisk.com 11/11/2011).