Let to National Westminster Bank Plc , a Performing Arts Theatre Group (a Charity) and a Martial Arts Academy
Approximately 9,182 sq ft on a large site with parking for about 12 cars
Opposite Port Arcades Shopping Centre with nearby occupiers including Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist
VAT-free investment
Lot 40
Auction 12th July 2022
Rent £50,369 per Annum Exclusive
Status Sold
Price £375,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of Trustees
Property Information
Location
Miles
11 miles south of Liverpool, 40 miles south-west of Manchester
Roads
A41, M56, M5
Rail
Ellesmere Port
Air
Liverpool John Lennon Airport
Situation
The property is located in a prominent position on Whitby Road in Ellesmere Port town centre, opposite Port Arcades Shopping Centre. Nearby occupiers include Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist.
Tenure
Freehold.
Location
Miles
11 miles south of Liverpool, 40 miles south-west of Manchester
Roads
A41, M56, M5
Rail
Ellesmere Port
Air
Liverpool John Lennon Airport
Situation
The property is located in a prominent position on Whitby Road in Ellesmere Port town centre, opposite Port Arcades Shopping Centre. Nearby occupiers include Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a former bank & a performing arts studio arranged on the ground floor and a martial arts studio arranged on the first floor. The property also benefits from parking to the rear for 12 cars.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1% plus VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
6 week completion
EPC
See legal pack.
Description
The property comprises a former bank & a performing arts studio arranged on the ground floor and a martial arts studio arranged on the first floor. The property also benefits from parking to the rear for 12 cars.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1% plus VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
6 week completion
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Banking Hall
166.48 sq m
(1,792 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
Approx. 21 years from 09/06/2005 to 23/06/2026
£30,368.75
24/06/2025
Ground
Commercial
237.65 sq m
(2,558 sq ft)
THE BOATY THEATRE COMPANY (2)
5 years from 19/02/2020
£10,000
-
First
Martial Arts Studio
448.91 sq m
(4,832 sq ft)
P.L.GEOGHEGAN (t/a Bushido Ju Jitsu Acadamy)
10 years from 01/04/2019 (3)
£10,000
01/04/2024
Total
853.04 sq m
(9,182 sq ft)
£50,368.75
(1) For the year ending 31st December 2020, National Westminster Bank Plc reported a turnover of £10,271,000,000, a pre-tax profit of £536,000,000 and shareholder funds of £19,882,000,000 (Source: NorthRow 10/05/2022). Please note the tenant is not currently in occupation. (2) www.boatytheatre.co.uk - a community theatre company. Founded in 2010, the Boaty Theatre Company is a charity funded by Arts Council England. (3) The lease is subject to a tenant only option to determine on 01/04/2024
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.
