Property Details
Pugh Auctions
Lot 018a
Lot 018a
Auction: April 2018

15-27 Moor Street, Ormskirk, Lancashire, L39 2AA

Property Details
Location

The property is located in Ormskirk town centre, fronting the pedestrianised part of Moor Street, adjacent WH Smith and Home Bargains. Ormskirk Train and Bus Stations are within 500 metres and 100 metres respectively. Edge Hill University, with approximately 10,500 full and part time students studying at its Campus, is approximately 0.5 mile distant. Ormskirk has a population of approximately 24,000.

Description

The property comprises an established mixed retail and residential investment of 6 retail units, one occupied by Max Spielmann Ltd, together with 12 student flats producing in excess of £250,000 per annum. There is also a vacant plot of land to the rear of the property which may be suitable for development, subject to obtaining the necessary consents.

Accommodation


Description
Sq M
Sq Ft
15 Moor Street
39.00
420
19 Moor Street
41.60
448
21-23 Moor Street
175.47
1,889
25 Moor Street
81.57
878
27 Moor Street
46.90
505
Pugh & Co have not inspection the property and the above floor areas have been taken from the VOA website.

Description
Accommodation
15a Moor Street
3 Bedrooms
15b Moor Street
1 Bedroom
15c Moor Street
2 Bedrooms
19a Moor Street
3 Bedrooms
19b Moor Street
1 Bedroom
21a Moor Street
3 Bedrooms
21b Moor Street3 Bedrooms
23a Moor Street1 Bedroom
23b Moor Street3 Bedrooms
25a Moor Street2 Bedrooms
25b Moor Street3 Bedrooms
27a Moor Street3 Bedrooms

Approx Site Area

The total site area extends to approximately 0.25 acres (0.10 hectares). The plot to the rear of the property extends to approximately 3,204 square feet (298 square metres).

Planning

Interested parties should consult direct with the Local Planning Office: West Lancashire Borough Council, 52 derby Street, Ormskirk, L39 2DF. Telephone: 01695 577 177.

Tenancy

Commercial

Description
Term
Rent
15 Moor Street
10 years from 5 February 2016
£10,000 per annum rising to £11,000 per annum on 5 February 2021
19 Moor Street
5 years from 18 May 2011 (holding over)
£14,700 per annum
15D Moor Street
5 years from 18 May 2011 (holding over)
£2,000 per annum
21-23 Moor Street
10 years from 30 April 2014
£28,500 per annum
25 Moor Street
15 years from 30 April 2014
£15,000 per annum (reduced rent of £14,250 per annum agreed until 29 April 2019)
27 Moor Street
10 years from 25 December 2013
£16,250 per annum
Residential

Description
Term
Rent
15a Moor Street (top floor maisonette)
12 months from 27 May 2017
£17,158.44 per annum
15b Moor Street (mid floor flat)
12 months from 29 June 2017
£9,878.96 per annum
15c Moor Street (top floor flat)
12 months from 14 August 2017
£11,438.96 per annum
19a Moor Street (top floor flat)
12 months from 1 July 2017
£17,938.44 per annum
19b Moor Street (ground floor flat)
12 months from 29 June 2017
£5,979.48 per annum
21a Moor Street (mid floor flat)
12 months from 4 September 2017
£17,158.44 per annum
21b Moor Street (top floor flat)
12 months from 1 September 2017
£17,158.44 per annum
23a Moor Street (mid floor flat)
12 months from 14 August 2017
£5,979.48 per annum
23b Moor Street (top floor maisonette)
12 months from 28 June 2017
£17,158.44 per annum
25a Moor Street (mid floor flat)
12 months from 3 August 2017
£11,438.96 per annum
25b Moor Street (top floor flat)
12 months from 22 June 2017
£17,158.44 per annum
27a Moor Street (top floor maisonette)
12 months from 26 June 2017
£17,938.44 per annum
We are advised that the student lets all have parental guarantees and that they have been pre-let for the 2018/19 academic year on 12 month tenancies at a combined rent of £170,492.40

General

Energy Performance Certificates

15 Moor Street = C
21-25 Moor Street = E

15a Moor Street = E
15b Moor Street = D
15c Moor Street = D
19a Moor Street = E
19b Moor Street = D
21a Moor Street = E
21b Moor Street = E
23a Moor Street = E
23b Moor Street = E
25a Moor Street = E
25b Moor Street = E
27a Moor Street = E

Addendum

The current gross annualised rent is £252,834.82 per annum exclusive.

Property Location Address:
15-27 Moor Street,
Ormskirk,
Lancashire,
L39 2AA
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Auction Details
Auction: April 2018 Date: 17th April 2018 Lot Number: 018a Doors Open: 9:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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