Let to Co-Operative Group Food Limited on a 15 year lease until 2021 (no breaks)
Car Parking at the front of property
Located in a major modern residential estate
Six Week Completion Period Available
Lot 36
Auction 18th October 2012
Rent £41,850 per Annum Exclusive
Status Withdrawn Post
Price
Sector Supermarket
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles east of Wigan, 7 miles south-west of Bolton, 10 miles west of Manchester city centre
Roads
A579, A580, M6, M60, M61, M62
Rail
Atherton (Manchester)
Air
Manchester International Airport
Situation
The property is situated in Gadfield Grove, a modern residential estate just off the A577 within the Manchester suburb of Atherton, 3 miles south of Junction 5 of the M61 motorway.
Tenure
Virtual Freehold. Virtual Freehold. Held from Gadbury Property Limited for a term of
999 years from 22nd June 2007 at £250 per annum.
Location
Miles
5 miles east of Wigan, 7 miles south-west of Bolton, 10 miles west of Manchester city centre
Roads
A579, A580, M6, M60, M61, M62
Rail
Atherton (Manchester)
Air
Manchester International Airport
Situation
The property is situated in Gadfield Grove, a modern residential estate just off the A577 within the Manchester suburb of Atherton, 3 miles south of Junction 5 of the M61 motorway.
Tenure
Virtual Freehold. Virtual Freehold. Held from Gadbury Property Limited for a term of
999 years from 22nd June 2007 at £250 per annum.
Description
The property comprises ground floor retail accommodation forming part of a large residential building. The property benefits from the right to use 12 car parking spaces.
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 ground floor retail accommodation forming part of a large residential building. The property benefits from the right to use 12 car parking spaces.
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
Retail
288 sq m
(3,100 sq ft)
CO-OPERATIVE GROUPFOOD LIMITED (1)
15 years from 31/10/2006 until 30/10/2021 on a full repairing and insuring lease.
£41,850
2011 and 2016
Totals
288 sq m
(3,100 sq ft)
£41,850
(1) Co-Operative Group Food Limited (IP26715R) are a subsidiary company of Co-Operative Group Limited, the UK’s largest mutual business. The Group Operates 4,800 retail trading outlets and employs more than 106,000 people. (Source: www.co-operative.co.uk)For the year ending 31/12/2011, Co-Operative Group Limited reported a turnover of £12,318,000,000, pre-tax profits of £231,000,000 and a net worth of £3,501,000,000. (Source: www.riskdisk.com)
