For Sale By Auction | 14:00, 14 February 2019

124-126 Station Road, Glossop, Derbyshire, SK13 1AJ

*Guide | £125,000 - £150,000 (plus fees)

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  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 14/02/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Retail Investment let to Martin McColl Ltd producing £12,850 pa

Freehold mid-terrace property on ground and one upper floor to provide a double fronted convenience store with ancillary staff and storage accommodation to the rear together with a first floor flat which has been sold off on a long lease. The property benefits from a small enclosed yard to the rear. We are informed that the property is let to McColl's by way of a lease until November 2021 at a rent of £12,850 pa. Please refer to legal pack for copy of lease. Martin McColl Ltd trade from 1,611 stores across the UK and for y/e reported revenue £1.13 bn, adjusted EBITDA - £44m and profit before tax £18.4m. Situated in closed proximity to Boots pharmacy and The Post Office with Hadfield Train Station within approx 200m.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

High Peak Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.