A Substantial Commercial Investment Producing £75,000 per annum

Description

The property comprises a single storey purpose built detached building benefiting from A1 (retail use) consent.

Tenure

Freehold

Location

The property occupies a prominent position on Allport Lane Precinct, an established parade which is the primary shopping area servicing the residents of Bromborough. Nearby multiples include Lloyds TSB and Somerfield. Transport links are provided by Bromborough Rake rail station and the M53 motorway (junctions 5 & 6) is easily accessible.

Tenancy

The property is let on a commercial FRI Lease to Poundstretcher Limited (1) commencing on 4th July 2000 at a rent of £18,750 per quarter for a term of 20 years. Rent reviews every 5 years.

(1) For the year ending March 2014 Poundstretcher Limited reported a turnover of £395,360,000 (source: www.duedil.com)

Next Review due in 2015

VAT

VAT is applicable

Accommodation (2nd Column)

Ground Floor Sales Area
6,542 sq ft (607.75 sq m)

Total Site Area
8,503 sq ft (790 sq m)

Viewing Details

Please refer to us directly on: 0207 625 9007

Bold Black Text

Current Rent Reserved £75,000 per annum

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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