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Retail Property (high street) for sale

Broken Cross, MACCLESFIELD, Cheshire

Guide Price* £90,000

Property Description

Key features

  • AUCTION HOUSE NORTH WEST COMMERCIAL TO BE SOLD BY PUBLIC AUCTION ON THURSDAY 15TH DECEMBER 2016
  • BOLTON WANDERERS FOOTBALL GROUND, MACRON STADIUM, PLATINUM SUITE, BURNDEN WAY, BOLTON, BL6 6JW
  • GUIDE PRICE : £90,000 +
  • START TIME - 2.00PM
  • LET TO CORAL RACING LIMTED
  • PRODUCING £9,000 PA
  • 15 YEAR LEASE FROM SEPTEMBER 2010
  • EPC :

Full description

Ground floor self contained double fronted retail unit, currently trading as Coral Bookmakers within a traditionally constructed two storey terrace. The property is currently let to Coral Racing Limited by way of a 15 year lease from 29 September 2010 with the current rental passing at £9,000 pax. The lease incorporates a tenant only break option on 28 September 2020 subject to 6 months prior notice.

Coral Racing Limited for the year ending 26 September 2015 provided the following financial information:
Turnover; £667m
Net Profilt: £88.6m
Net Worth: £264.1m

The measurements have been taken from the Valuation Office Agency (VOA) which state the property extends to the following net internal floor areas:

Retail Sales:
49.5 sq m (533 sq ft)

Kitchen:
5.3 sq m (57 sq ft)

Store:
1.2 sq m (13 sq ft)

W.C Facilities
W.C. Facilities


Viewings

Please contact Auction House North West Commercial on 0161 830 7477


Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House North West, Manchester on 0161 468 0073.


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