Prominent corner position close to Market Place Shopping Centre and Crompton Shopping Centre
Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, JD Sports, Poundland and WHSmith.
Lot 40
Auction 27th March 2025
Vacant Possession
Status Sold Prior
Price
Sector Retail, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles north west of Manchester
Roads
A58, A666, M6, M60, M61, M62
Rail
Bolton Railway Station
Air
Manchester Airport
Situation
The property is prominently situated on the corner of Bridge Street and Bow Street in Bolton town centre, directly opposite Market Place Shopping Centre and a short walk from Crompton Place Shopping Centre where retailers include Costa Coffee, H&M, River Island, Next, The Entertainer and Clarks. Other nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, JD Sports, Poundland and WHSmith.
Tenure
Long Leasehold. Held for a term of 109 years from 20/09/2012 at a current ground rent of £28,540 pa, subject to 5 yearly upward only rent reviews to the higher of rent passing or 12.99% of OMV. The next rent review due is September 2027 - please see the head lease.
Location
Miles
10 miles north west of Manchester
Roads
A58, A666, M6, M60, M61, M62
Rail
Bolton Railway Station
Air
Manchester Airport
Situation
The property is prominently situated on the corner of Bridge Street and Bow Street in Bolton town centre, directly opposite Market Place Shopping Centre and a short walk from Crompton Place Shopping Centre where retailers include Costa Coffee, H&M, River Island, Next, The Entertainer and Clarks. Other nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, JD Sports, Poundland and WHSmith.
Tenure
Long Leasehold. Held for a term of 109 years from 20/09/2012 at a current ground rent of £28,540 pa, subject to 5 yearly upward only rent reviews to the higher of rent passing or 12.99% of OMV. The next rent review due is September 2027 - please see the head lease.
Description
The property comprises a substantial former variety store arranged over the ground and first floors benefitting from a rear loading area.
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 substantial former variety store arranged over the ground and first floors benefitting from a rear loading area.
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
Gross Internal Floor Areas Approx sq m
Gross Internal Floor Areas Approx sq ft
Possession
Ground First
Retail Ancillary
1,144.99 1,470.61
(12,235) (15,830)
VACANT POSSESSION
Total
2,615.60
(28,155)
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.
