Let to Liverpool PCT until 2028 and Boots UK Ltd until 2019
Fixed rental uplifts for Boots the Chemist Ltd
Six Week Completion Available
Lot 30
Auction 29th March 2012
Rent £84,026 per Annum Exclusive
Status Withdrawn Post
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
Liverpool city centre, 33 miles east of Manchester, 89 miles north of, Birmingham
Roads
A59, M62, M53
Rail
Liverpool Lime Street Rail Station
Air
John Lennon Airport, Manchester Airport
Situation
The property is located at the junction of Tithebarn Street, Marybone and Vauxhall Road in Liverpool city centre. The property benefits from its prominent position on the edge of the City’s Central Business District and directly opposite three of Liverpool John Moores University Campuses. Moorfields and Lime Street railway stations are within close proximity together with a number of public car parks including Queens Square, Moorfields and Smithfield.
Tenure
Long Leasehold. 250 years commencing on the date of completion at a ground rent
of £300 per annum, subject to RPI increases in every 20 years of
the term.
Location
Miles
Liverpool city centre, 33 miles east of Manchester, 89 miles north of, Birmingham
Roads
A59, M62, M53
Rail
Liverpool Lime Street Rail Station
Air
John Lennon Airport, Manchester Airport
Situation
The property is located at the junction of Tithebarn Street, Marybone and Vauxhall Road in Liverpool city centre. The property benefits from its prominent position on the edge of the City’s Central Business District and directly opposite three of Liverpool John Moores University Campuses. Moorfields and Lime Street railway stations are within close proximity together with a number of public car parks including Queens Square, Moorfields and Smithfield.
Tenure
Long Leasehold. 250 years commencing on the date of completion at a ground rent
of £300 per annum, subject to RPI increases in every 20 years of
the term.
Description
The property comprises a modern ground floor medical centre with an adjoining pharmacy, fronting Vauxhall Road and forms part of a larger modern purpose built student accommodation building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern ground floor medical centre with an adjoining pharmacy, fronting Vauxhall Road and forms part of a larger modern purpose built student accommodation building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Medical centre
267.80 sq m
(2,883 sq ft)
CENTRAL LIVERPOOL PRIMARY CARE TRUST (1)
25 years from 24/12/2003 until 2028
£58,500
23/12/2013
Ground
Retail
68.50 sq m
(737 sq ft)
BOOTS UK LTD (2)
15 years from 03/03/2004
£25,526 rising to £32,578 in 2014
02/03/2014 (3)
Totals
336.30 sq m
(3,620 sq ft)
£84,026 Rising to £91,078 in 2014
(1) Liverpool Primary Care Trust brings together services offered by General Practitioners (GPs), Community Nurses, Practice Nurses, other community services and other agencies dealing with health matters across the city. The PCT has a budget of over £800 million, employing over 3,200 staff. (Source:www.nhs.uk) (2) For the year ending Boots UK Ltd reported a turnover of £6,372,000,000, a pre-tax profit of £220,000,000 and a total net worth of £217,000,000. (Source: www.riskdisk.com 27/02/2012) (3) The lease provides for a fixed rental uplift in 2014 to £32,578 p.a.x.
