Entirely let to Boots UK Limited on a new 5 year lease (NO BREAKS) expiring 2027
Town centre location with Public Car Park to the rear
Potential for future redevelopment/conversion
Rebased rent to £17,000 pa from £20,160 pa
Nearby retailers include Tesco, Heron Frozen Foods, William Hill & Galloways
VAT-free investment
Lot 41
Auction 31st March 2022
Rent £17,000 per Annum Exclusive
Status Sold
Price £220,000
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2.5 miles west of Wigan, 17 miles north-east of Liverpool and 20 miles of north-west of Manchester
Roads
A577, M58, M6
Railways
Pemberton
Airports
Manchester
Situation
Pemberton is a predominately residential suburb, 2.5 miles west of Wigan, 17 miles north-east of Liverpool and 20 miles of north-west of Manchester. The town benefits from good road communications being located close to the M58 & M6 motorways. The property is located in the town centre on Ormskirk Road (A577) diagonally opposite its junction with Chapel Street. Church Street public car park is located at the rear of the property. Nearby retailers include Tesco, Heron Frozen Foods, William Hill, KFC & Galloways
Tenure
Freehold.
Location
Miles
2.5 miles west of Wigan, 17 miles north-east of Liverpool and 20 miles of north-west of Manchester
Roads
A577, M58, M6
Railways
Pemberton
Airports
Manchester
Situation
Pemberton is a predominately residential suburb, 2.5 miles west of Wigan, 17 miles north-east of Liverpool and 20 miles of north-west of Manchester. The town benefits from good road communications being located close to the M58 & M6 motorways. The property is located in the town centre on Ormskirk Road (A577) diagonally opposite its junction with Chapel Street. Church Street public car park is located at the rear of the property. Nearby retailers include Tesco, Heron Frozen Foods, William Hill, KFC & Galloways
Tenure
Freehold.
Description
The property comprises a ground floor pharmacy with ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor pharmacy with ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx sq m)
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Reversion
Ground First
Retail Ancillary
125.79 sq m 101.70 sq m
(1,354 sq ft) (1,094 sq ft)
BOOTS UK LIMITED
5 years from 01/03/2022 on a full repairing & insuring lease subject to a schedule of condition.
£17,000
28/02/2027
Total
227.49 sq m (4)
(2,448 sq ft) (4)
£17,000 (2) (3)
(1) Boots UK Limited currently operate from over 2,300 stores across the UK (source: www.boots.com) (2) There is a 6 month rent free period to 3rd September 2022. The Seller has agreed to adjust completion monies so the unit will effectively produce £17,000 pa from completion of the sale. (3) Rebased rent from £20,160 per annum (4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
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.
