Retail Property (high street) for sale

26-32 Bridge Street, Warrington, Cheshire, WA1 2QW

Under Offer 25,945 sq. ft. | £850,000

Property Description

Commercial information

  • 25,945 sq ft (2,410 sq m)

Key features

  • 3 Substantial Individual Letting Opportunities
  • Poundworld Let until 8 July 2019 @ 130,000 Per Annum
  • Opposite Proposed New Market Hall Development
  • Close to Proposed New Cinema & Restaurant Complex

Full description

Location

The property is situated on the west side of Bridge Street on the edge of the pedestrianised section, which links the night time and office areas of the Town Centre with Market Gate and Golden Square Shopping Centre. Nearby occupiers include McDonald's, Subway and BetFred.

The property is opposite the new Time Square Development (currently under construction) which is to develop a cinema complex with associated restaurant and retail units together with a new Market Hall.

Description

A substantial block of 3 large retail units; one is currently occupied by Poundworld on the corner of Bridge Street and Rylands Street, the vacant first floor with ground floor access formerly occupied by JJB Sports and the former Peacocks department store.

The lease to Poundworld is due to expire in July 2019 at a current rent of 130,000 per annum. The remainder of the property is currently vacant.

This property provides a most interesting investment opportunity that is currently income producing until Summer 2019, with the vacant parts available for re-letting or redevelopment as required.

Warrington Town Centre is currently enjoying a sustained period of economic growth mainly due to the Time Square Development which comprises; cinema, restaurants, substantial offices and new Market Hall. The Market Hall will be situated in the building opposite and access points to and from the new cinema will be on either side of this, offering visibility through to the subject property. We expect this to invigorate this once prime section of Bridge Street and improve the retail pitch here significantly.

The property appears to have been well maintained and the individual units seem to be constructed to a good specification and could be ready for trade as per their existing layouts.

Accommodation

Unit 1 (Poundworld) 576.1 m 6,201 ft
Unit 2 (Ex-Peacocks) 689.1 m 7,418 ft
Unit 3 (Ex-JJB) 1,145.1 m 12,326 ft
Total - 2,410.3 m 25,945 ft

Rateable Values
Existing Proposed
Unit 1 (Poundworld) 84,000 57,000
Unit 2 (Ex-Peacocks) 86,000 58,500
Unit 3 (Ex-JJB) 111,000 133,000

Tenure

The properties are held on separate Freehold Titles.

Sale Price

The quoting sale price is 850,000 exclusive of VAT.

VAT

The purchase of this property will be subject to VAT, however, the transaction can be treated as a Transfer of a Going Concern (TOGC).

More information from this agent

Nearest stations

  • Warrington Central (0.2 mi)
  • Warrington Bank Quay (0.4 mi)
  • Padgate (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Williams Commercial LLP, Warrington

First Floor, Central House, Central Way, Winwick Street, Warrington, WA2 7TT

01925 878033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Warrington Central (0.2 mi)
  • Warrington Bank Quay (0.4 mi)
  • Padgate (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Williams Commercial LLP, Warrington

First Floor, Central House, Central Way, Winwick Street, Warrington, WA2 7TT

01925 878033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference BridgeStreet26-32. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Morgan Williams Commercial LLP, Warrington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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