Let on a recent 20 year lease to Martin McColl Limited until 2032
2% per annum compounded rental increases
Prominent and well located retail site
The property includes a Post Office counter
Neighbouring occupiers include KFC, Boots Pharmacy and William Hill
Six Week Completion Available
Lot 5
Auction 14th February 2013
Rent £25,000 per Annum Exclusive
Status Sold Prior
Price
Sector Supermarket/Convenience
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2 miles west of Wigan, 18 miles north-east of Liverpool, 20 miles east of Manchester
Roads
A557, M6, M58
Rail
Orrell Railway Station
Air
Manchester International Airport
Situation
Orrell is approximately 2 miles west of Wigan town centre at the junction of the M6 and the M58 motorways. The property is prominently situated on the east side of Fleet Street, close to the busy junction with Ormskirk Road (A577), with neighbouring occupiers including KFC, Boots Pharmacy and William Hill.
Tenure
Freehold.
Location
Miles
2 miles west of Wigan, 18 miles north-east of Liverpool, 20 miles east of Manchester
Roads
A557, M6, M58
Rail
Orrell Railway Station
Air
Manchester International Airport
Situation
Orrell is approximately 2 miles west of Wigan town centre at the junction of the M6 and the M58 motorways. The property is prominently situated on the east side of Fleet Street, close to the busy junction with Ormskirk Road (A577), with neighbouring occupiers including KFC, Boots Pharmacy and William Hill.
Tenure
Freehold.
Description
The property comprises a detached building with retail accommodation on the ground floor and ancillary accommodation in the basement. Orrell town centre car park is located immediately behind the property.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached building with retail accommodation on the ground floor and ancillary accommodation in the basement. Orrell town centre car park is located immediately behind the property.
VAT
VAT is not 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 Basement
Retail Ancillary
103.86 sq m 84.91 sq m
(1,118 sq ft) (914 sq ft)
MARTIN MCCOLL LIMITED (1)
20 years from 16/04/2012 until 2032 on a full repairing and insuring lease (2)
£25,000
16/04/2017 and 5 yearly (fixed rental increases at 2% per annum compounded)
Total
188.77 sq m
(2,032 sq ft)
£25,000
(1) For the year ending 27th November 2011, Martin McColl Limited reported a turnover of £380,485,000, a pre-tax profit of £18,068,000 and a total net worth of £100,676,000. (Source www.riskdisk.com 15/01/2013) (2) The lease provides for a 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.
