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22-24 Horsemarket Street, Warrington, Cheshire WA1 1XL

Guide Price
£125,000

Business rates & charges may apply

Auction House North West, Commercial
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SECTOR

High street retail property for sale

Key features

  • Retail Investment
  • 10 year lease from July 2023
  • Producing £17,500 pa
  • Net Rent £15,750 pa
  • Three Storey Building
  • Warrington Town Centre
  • Pedestrianised Area

Description

Online Auction - 12th to 13th May 2026

Retail Investment – Producing £17,500 pa

Substantial three storey building currently let to Summit Leisure (Swinton) Limited company number 02581185, incorporated 8 February 1991 t/as Shaws Amusements.

Accommodation
The building extends to the following net internal floor areas (according to VoA): -
Ground floor retail zone a - 41.3 m2
Ground floor retail zone b - 34.4 m2
First floor internal storage - 38.7 m2
Second floor internal storage - 38.2 m2

Total 152.6 m2 / 1,643 sq.ft.

Lease
The current lease is for 10 years from July 2023 until July 2033, with the current rent of £17,500 pa. the lease incorporates break clauses in January 2027 and 2030.

Tenure
The property is held by way of a new 125 year lease from Warrington Council at a rent of £1,750 pa plus VAT.

The net rent produced is therefore £15,750 pa.

Location
Centrally located on the pedestrianised Horsemarket Street, close to Market Gate and Golden Square Shopping Centre.

Tenure: Long Leasehold
Title number: CH185133 (being renewed)
Length of Lease/Term: 125 years
Ground Rent : £1750 pa +VAT
Local Authority: Warrington

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Leasehold

Lease Details: CH185133

EPC Rating: B

Administration Fee: 2.75% inc VAT of the purchase price, subject to a minimum of £2750 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £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.

22-24 Horsemarket Street, Warrington, Cheshire WA1 1XL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Warrington Central Station0.1 miles
  • Warrington Bank Quay Station0.5 miles
  • Padgate Station1.9 miles

About Auction House North West, Commercial

14 St Mary's Parsonage, Manchester, M3 2DF

At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.

The creation of 'Auction House North West' is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios, by marketing to the right clientele with the minimum of fuss. All under the guidance of specialist property auction experts.

Auction House North West combines commercial and residential lots from Greater Manchester, Merseyside, and Lancashire into one substantial catalogue and vibrant auction, serving the whole of the North West.

Notes

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Disclaimer - Property reference 202604071556sq_ieq3. 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 Auction House North West, Commercial. 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.

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, Commercial on 0161 524 6307.

*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.”

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