Units 1-4 Salisbury Street, Widnes, Cheshire, WA8 6PJ
Units 1-4 Salisbury Street, Widnes, Cheshire, WA8 6PJ
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.
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.
| 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 |
Approximately 341 sq m (3671 sq ft)
The property is held leasehold by way of two 999 year leases from 1 January 1891 and 7 October 1943.
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.
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
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.
