106-114 Whitby Road Ellesmere Port Cheshire CH65 0AH

106-114 Whitby Road
Ellesmere Port
Cheshire
CH65 0AH

  • 106-114 Whitby Road<br>Ellesmere Port<br>Cheshire<br>CH65 0AH

High Yielding Commercial and Bank Investment

  • 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
    12/Jul/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
Important Update
  • Expand
  • Photos
  • Map

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

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.

Property Documents

  • Brochure
    Updated Date
    22.06.22
    File Size
    3 MB
    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
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.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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