Property Details
Pugh Auctions
Lot 049
Lot 049
Auction: April 2019

Units 1-4 Salisbury Street, Widnes, Cheshire, WA8 6PJ

Property Details
Location

The property is located at the junction of Salisbury Street and South Street, just off the main pedestrianized shopping area of Widnes town centre. There is a free Council car park adjoining the property.

Description

A prominently positioned retail investment extending to approximately 565 sq m and let to two tenants producing a combined rent of £17,200 per annum rising to £20,200 per annum in February 2020.

Accommodation


Description
Sq M
Sq Ft
Units 1-3
Ground Floor (Sales)
First Floor (Ancillary)

211.00
207.00
418.00

2,271
2,228
4,499
Unit 4
Ground Floor (Sales)
First Floor (Ancillary)

77.00
70.00
147.00

829
753
1,582
Total
565.00
6,081

Approx Site Area

Approximately 341 sq m (3671 sq ft)

Tenure

The property is held leasehold by way of two 999 year leases from 1 January 1891 and 7 October 1943.

Tenancy

Units 1-3 - Let to Devine Cosmetics Training Academy Ltd by way of a 5 year lease from 28 September 2018 at a rent of £12,000 per annum, rising to £15,000 per annum in February 2020. There is a tenant break option at the third anniversary, subject to a penalty payment of £4,000. Unit 4 - Let to Joanne Matthews t/a Freaking Awesome by way of a lease from 1 August 2017 to 7 February 2022 at a rent of £5,200 per annum. There is a tenant break on 8 February 2020 and a rent review on 7 February 2020.

General

1.) Units 1-3 are entered in the 2017 Rating List as "Shop & Premises" with a Rateable Value of £19,000. Unit 4 is listed also as "Shop& Premises" with a Rateable Value of £5,900.

2.) Energy Performance Certificate = C

Addendum

The property is held leasehold by way of two 999 year leases from 1 January 1891 and 7 October 1943. The tenancy details have been updated.

Property Location Address:
Units 1-4 Salisbury Street,
Widnes,
Cheshire,
WA8 6PJ
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Auction Details
Auction: April 2019 Date: 9th April 2019 Lot Number: 049 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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