Property Details
Pugh Auctions
Auction: July 2019

124-126 Station Road, Hadfield, Glossop, Derbyshire, SK13 1AJ

Property Details
Location

The property is located fronting Station Road in the centre of the town of Hadfield, approximately 2 miles north of Glossop town centre. Station Road can be accessed from Hadfield Road, via Railway Street. Adjoining retailers included The Post Office & Boots. Hadfield Railway Station is very close by and the edge of the Peak District National Park is within 250 metres of the property.

Description

Freehold double fronted town centre located retail investment which is let to Martin McColl Limited by way of a FRI lease at a rent of £12,850 per annum, the freehold for sale includes a flat to the upper floors which has been sold off by way of a 999 year lease.

Accommodation

The following information has been taken from the VOA website:

Sales, Storage, Office
103 sq m
1,108 sq ft

Outside

Enclosed rear yard to retail unit plus separate entrance to upper floor residential flat.

Approx Site Area

Approximately 227 sq m (272 sq yds).

Tenure

Freehold.

Planning

Interested parties should consult direct with the Local Planning Office, High Peak Borough Council, Town Hall, Buxton, Derbyshire SK17 6EL Tel:01298 28400.

Tenancy

The ground floor retail unit is sold subject to a 15 year FRI lease from 21st November 2006 and granted to Martin McColl Limited (Company Number 00298945) at a passing rent of £12,850 plus VAT. Note- For the year ending 26th November 2017, Martin McColl Limited reported a turnover of £713,391,000, pre tax profits of £27,168,000 and a total net worth of £42,850,000 (Source: Experian Group 6th March 2019). The first McColl's store opened in 1901 and is now a leading neighbourhood retailer with around 1,550 stores and newsagents across England, Scotland & Wales (Source: www.mccolls.co.uk 6th March 2019).

VAT

VAT is payable on completion. The sale can be treated as a TOGC subject to the buyer complying with the VAT regulations.

General

1. Energy Performance Certificate = C
2. The property is being sold subject to a 6 week completion period.

Property Location Address:
124-126 Station Road,
Hadfield,
Glossop,
Derbyshire,
SK13 1AJ
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Auction Details
Auction: July 2019 Date: 16th July 2019 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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