The property is situated in a prominent position on the southern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including Primark, Marks & Spencer, Caffe Nero, Skechers, Boots and Waterstones
Tenure
Freehold.
Location
Miles
18 miles west of Preston, 28 miles west of Blackburn, 56 miles north of Liverpool
The property is situated in a prominent position on the southern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including Primark, Marks & Spencer, Caffe Nero, Skechers, Boots and Waterstones
Tenure
Freehold.
Description
The property comprises a large restaurant arranged on the ground, first and second floors.
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 large restaurant arranged on the ground, first and second floors.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground First Second
Restaurant Ancillary Ancillary
296.28 175.36 62.72
(3,189) (1,887) (675)
BHA ALHALLAK TRADING LTD (trading as Trend Restaurant) with personal guarantors
25 years from 25/04/2025 until 24/04/2050
£72,000 rising to £80,000 in May 2026
10/05/2030 and 5 yearly thereafter(1)
Total
534.36 sq m
(5,751 sq ft)
£72,000 rising to £80,000 in May 2026
(1) The lease is subject to upward only RPI-linked rent reviews in 2030 and 5 yearly thereafter. The revised rent at each review shall be the Indexed Rent (Base Rent x RPI) unless the Indexed Rent is less than the Minimum Rent or the Indexed Rent is more than the Maximum Rent subject to a Minimum Rent of 118.61% of the annual rent payable immediately before the rent review date and a Maximum Rent of 127.63% of the annual rent payable immediately before the rent review date - please see lease.
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.
