Shell Petrol Station 118 Whitby Road Ellesmere Port Merseyside CH65 6TF

Shell Petrol Station
118 Whitby Road
Ellesmere Port
Merseyside
CH65 6TF

Prominent Freehold Ground Rent Investment

Let to Euro Garages Ltd until July 2067 (no breaks)
Situated on the busy Whitby Road (A5032)
Seven yearly market rent reviews
Outstanding Rent Review from March 2023
Rent Geared to 5.50% of Rack Rental Value
Nearby occupiers include Kwik-Fit, Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist

Lot
34
Auction
15th February 2024
Rent
£4,000 per Annum Exclusive
Status
Sold
Price
£111,000
Auction Venue
Live Streamed Auction

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Prominent Freehold Ground Rent Investment

Let to Euro Garages Ltd until July 2067 (no breaks)
Situated on the busy Whitby Road (A5032)
Seven yearly market rent reviews
Outstanding Rent Review from March 2023
Rent Geared to 5.50% of Rack Rental Value
Nearby occupiers include Kwik-Fit, Aldi, Asda, Costa, Subway, Greggs, Farmfoods and Boots the Chemist

Lot 34
Auction 15th February 2024
Rent £4,000 per Annum Exclusive
Status Sold
Price £111,000
Sector
Motor Trade, Petrol Station
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 11 miles south of Liverpool, 40 miles south-west of Manchester
Roads: A41, M56, M5
Rail: Ellesmere Port Train Station
Air: Liverpool John Lennon Airport

Situation

The property is prominently located on the north side of the busy Whitby Road (A5032) in Ellesmere Port town centre, close to Port Arcades Shopping Centre. Nearby occupiers include Kwik-Fit, 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 Train Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises part of a petrol filling station forecourt providing a site area of approximately 0.09 hectares (0.22 acres).

VAT

VAT is applicable to this lot.

EPC

Not applicable.

Description

The property comprises part of a petrol filling station forecourt providing a site area of approximately 0.09 hectares (0.22 acres).

VAT

VAT is applicable to this lot.

EPC

Not applicable.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Petrol Filling Station	-	-	EURO GARAGES LIMITED (1)	99 years from 19/07/1968	£4,000	March 2023 and 7 yearly thereafter (2)
Total Site Area		0.089 ha	(0.219 acres)			£4,000

(1) For the year ending 31/12/2022 Euro Garages Limited reported a Turnover of £2,880,401,000, a Pre-Tax Profit of £66,581,000 and a Net Worth of £470,649,000 (NorthRow 23/01/2024).
(2) The lease is subject to seven-yearly market rent reviews. The rent is to be reviewed to 5.5% of the full rack rental value, assuming the property is subject to a new 7 year lease. Please see legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.