178 Long Lane, Aughton, Ormskirk, Lancashire, L39
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- Primary use
- Other
- Other use(s)
- High street retail
Key features
- Fully let ground floor retail investment
- Tenant unaffected by the sale and have been in occupation since May 2018
- Current passing rent £8,068 per annum
- Rent rising to £8,615 per annum
- Fixed 2.5% annual rent increases
- 5 year lease from May 2023
- Approx 510 sq ft (47.4 sq m)
- Three allocated parking spaces
- Freehold interest included
- Residential ground rent income
Description
Accommodation includes:
Main salon area
Treatment room / office
Store
Modern salon fit-out
Prominent glazed frontage
Suspended ceiling with LED lighting
Timber effect flooring
Kitchen and WC facilities
Rear access
Tenancy: The property is let to an established hair dressing salon. Trading as Blush Hair & Extensions.
Lease Terms
Term: 5 years from 1 May 2023
Passing rent: £672 per calendar month (£8,068 per annum)
Rent review: Fixed 2.5% annual increases
Rent Schedule
Period Annual Rent
May 2023 - Apr 2024 £7,680
May 2024 - Apr 2025 £7,872
May 2025 - Apr 2026 £8,064
May 2026 - Apr 2027 £8,268
May 2027 - Apr 2028 £8,472
Figures as detailed in the occupational lease a copy of which is available on upon request.
Tenure: Long Leasehold Retail Interest together with Freehold Interest in the Building.
Residential Ground Rents: The flats have been sold off on long leasehold titles, however the freehold includes Ground rent income:
Flat 178a: £150 per annum
Flat 178b: 999 year lease at peppercorn rent
Building Insurance: Current building insurance: £591 per annum Retail contribution: One third
Investment Summary
Current passing rent: £8,068 per annum
- Service charge
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- Business rates
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- Listed building
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Brochure
178 Long Lane, Aughton, Ormskirk, Lancashire, L39
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Disclaimer - Property reference 2718FH. 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 Fitton Estates.com, Merseyside/Lancashire. 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.