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Lot 26Sold Prior

11/13 London Street, Southport, Merseyside PR9 0UF

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Lot 26 details

SITUATION

Located in the heart of the town centre on the north side of London Street, which links Lord Street and Chapel Street, amongst such multiples as Waterstones, Yorkshire Building Society, Vision Express, NatWest, Halifax, Prezzo, Thomas Cook and others.
Southport is an affluent and attractive town located some 20 miles north of Liverpool.

PROPERTY

A terraced building comprising a Ground Floor Double Shop with Ancillary Space on the first floor (currently no access).

ACCOMMODATION 1

Ground Floor Double Shop
Gross Frontage 26'0”
Internal Width 22'7”
widening to 25'4”
Built Depth 66'11”
Area Approx. 1,650 sq ft
3 WCs
First Floor Ancillary
Area Approx. 660 sq ft

1Not inspected by Barnett Ross. Areas and measurements supplied by Vendor.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to William Hill (Football) Ltd (a wholly owned subsidiary of William Hill Organization Ltd - having over 2,300 branches - T/O for Y/E 29/12/15 £873.9m, Pre-Tax Profit £246.4m and Shareholders' Funds £206.9m) for a term of 20 years from 8th January 2004 at a current rent of £41,000 per annum exclusive.

Rent Review 2019

Note 1: The Tenant did not operate their 2014 break clause. There are no further breaks in the lease.

Enquire about this lot:

Photo of JOHN BARNETT

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of JONATHAN ROSS

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.