Entirely let to Multiyork Furniture Limited until 2022
Benefits from Open A1 Planning Use
Fixed rental increase in 2017
Located in a prominent position on the A49 main road in central Warrington
Nearby occupiers include McDonald’s, Intersport Fitness Club, DFS and Homebase
Six Week Completion Available
Lot 40
Auction 6th December 2012
Rent £113,141 per Annum Exclusive
Status Sold Prior
Price
Sector Retail Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
17 miles west of Manchester, 18 miles east of Liverpool
Roads
A49, M6, M56, M62
Rail
Warrington Central, Warrington Bank Quay Rail Stations
Air
Manchester International Airport
Situation
The property is prominently situated on the A49 which forms part of the main ring road of the town and is well connected with the major conurbations of both Liverpool and Manchester. The town benefits from excellent communication links via the M62 (Junction 9), M6 (Junction 21) and M56 (Junction 10). Significant nearby occupiers include McDonald’s, Homebase, DFS and JJB Superstore.
Tenure
Freehold.
Location
Miles
17 miles west of Manchester, 18 miles east of Liverpool
Roads
A49, M6, M56, M62
Rail
Warrington Central, Warrington Bank Quay Rail Stations
Air
Manchester International Airport
Situation
The property is prominently situated on the A49 which forms part of the main ring road of the town and is well connected with the major conurbations of both Liverpool and Manchester. The town benefits from excellent communication links via the M62 (Junction 9), M6 (Junction 21) and M56 (Junction 10). Significant nearby occupiers include McDonald’s, Homebase, DFS and JJB Superstore.
Tenure
Freehold.
Description
The property comprises a single storey, detached retail warehouse, with an internal mezzanine floor. In addition, the property comprises a service yard to the northern end of the site and a car park for approximately 20 cars to the southern end of the site. The site area is approximately 0.128 hectares (0.35 acres).
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 single storey, detached retail warehouse, with an internal mezzanine floor. In addition, the property comprises a service yard to the northern end of the site and a car park for approximately 20 cars to the southern end of the site. The site area is approximately 0.128 hectares (0.35 acres).
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 Mezzanine
Retail Ancillary
518.85 sq m 246.65 sq m
(5,585 sq ft) (2,655 sq ft)
MULTIYORK FURNITURE LIMITED (1)
15 years from and including 19/10/2007 until 18/10/2022 on a full repairing and insuring lease
£113,141 (2)
19/10/2017
Totals
765.50 sq m
(8,240 sq ft)
£113,141
(1) Multiyork Furniture offer a taylor-made exclusive service, designing and producing furniture in the UK. They trade from 58 stores nationwide, as well as a number of discount factory outlets and a significant online presence, offering a bespoke made-to-order furniture service. (Source www.multiyork.co.uk 24/08/2012) (2) The rent will be increased at review by 2.5% per annum compounded annually. The fixed rental uplift at the 19th October 2012 review is included in the current rent passing.