High Yielding Freehold Town Centre Shop Investment
Comprises two shops let to Subway and a mobile phone repair shop
Prominent corner position in town centre
Opposite Church Square Shopping Centre with occupiers including Boots the Chemist, Pandora, JD Sports, H&M and Costa
Lot 44
Auction 12th July 2022
Rent £32,500 per Annum Exclusive
Status Sold
Price £240,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles east of Liverpool, 25 miles west of Manchester
Roads
A570, A580, M57, M6, M62
Rail
St Helens Central
Air
Liverpool John Lennon Airport
Situation
The property is located in a prominent corner position in the town centre situated on the north-west side of Bridge Street, at its junction with Milk Street. The property is opposite Church Square Shopping Centre with occupiers including Boots the Chemist, Pandora, JD Sports , H&M and Costa. Other nearby occupiers include Specsavers, Caffé Nero and Nando's.
Tenure
Freehold.
Location
Miles
12 miles east of Liverpool, 25 miles west of Manchester
Roads
A570, A580, M57, M6, M62
Rail
St Helens Central
Air
Liverpool John Lennon Airport
Situation
The property is located in a prominent corner position in the town centre situated on the north-west side of Bridge Street, at its junction with Milk Street. The property is opposite Church Square Shopping Centre with occupiers including Boots the Chemist, Pandora, JD Sports , H&M and Costa. Other nearby occupiers include Specsavers, Caffé Nero and Nando's.
Tenure
Freehold.
Description
The property is arranged on the ground and first floors providing two ground floor shops with ancillary accommodation above.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1% excluding 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 weeks completion
EPC
See legal pack.
Description
The property is arranged on the ground and first floors providing two ground floor shops with ancillary accommodation above.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1% excluding 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 weeks completion
EPC
See legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
18 Bridge Street
Ground First
Retail/Ancillary Ancillary
83.10 66.70
(894) (718)
F.RASHEED (t/a Tech Fix)
5 years from 23/02/2018 (1)
£15,000
20 Bridge Street
Ground First
Retail/Ancillary Ancillary
48.10 41.30
(517) (445)
SUBWAY REALTY LIMITED (2)
10 years from 27/02/2014
£17,500
Total
239.20
(2,575)
£32,500
(1) February 2021 tenant break option not exercised (2) www.subway.com
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.
