Sold Prior
- Retail Property (high street)
- Tenure: To Be Confirmed In Legal Pack
Call the team on 01772 772450 for more information
Retail Investment Let to Barnados & Card Factory Producing £40,000pa
Retail investment centrally located within Runcorn town centre, nearby occupiers include Thomas Cook, William Hill and many other national retailers. The Property briefly comprises 2no two storey inner terrace retail units. Number 18a let to Card Factory by way of a five year lease (no breaks) at a rental of £17,500 pax with effect from June 2016. Number 18b is let to Barnardos by way of a 10 year lease (no breaks) with an upward only rent review after 5 years at a rental of £22,500 pax, again from June 2016. Barnardos are the largest childrens charity in the UK, running over 960 services with 590 shops, 8,500 employees and 16,000 volunteers - the 2015 accounts showed they had an income of £296 million. Card Factory plc in the 2016 financial year showed a revenue of £381,6 million with an EBITDA of £95 million and a profit before tax of £83.7 million. VAT will not be payable on the purchase price.
Tenure
To Be Confirmed In Legal Pack
Viewing
Please contact Auction House North West Commercial on 0161 830 7477
Energy Efficiency Rating (EPC)
Current Rating D
Local Authority
Halton Borough Council
Solicitors
Gorvins Solicitors, Dale House, Tiviot Dale, STOCKPORT, Cheshire SK1 1TA, Ref: Samantha Marcus, Tel: 0161 930 5117
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1080 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
