Acquired
Newton-le-Willows – Card Factory
14-16 Market Street, Newton-le-Willows, Merseyside WA12 9ANVirtual Freehold Shop and Ground Rent Investment
Area
1,450 SQ FT
VAT Applicable
No
Investment Consideration
- Shop let to Sportswift Ltd (t/a Card Factory) until 2023 (no breaks)
- Well located in pedestrianised town centre close to Boots and Greggs
- The property is arranged on basement, ground and one upper floor to provide a ground floor shop unit with ancillary accommodation in the basement. The flats are arranged over the first floor and have been sold off on long leases
- Occupiers close by include Heron Foods (adjacent), a Tesco supermarket, Wilko, Greggs, Boots, Coral, William Hill, Betfred, Savers, Jobcentre Plus and Shoe Zone (opposite), amongst others
VAT
VAT is not applicable.
Property Description
The property is arranged on basement, ground and one upper floor to provide a ground floor shop unit with ancillary accommodation in the basement. The flats are arranged over the first floor and have been sold off on long leases.
Tenure:
Leasehold. Held for a term of 999 years from 24th June 1861 (thus having some 842 years unexpired) at a fixed ground rent of £4.22 per annum.
Tenure:
Leasehold. Held for a term of 999 years from 24th June 1861 (thus having some 842 years unexpired) at a fixed ground rent of £4.22 per annum.
Tenancies & Accommodation
Location Description
Newton-le-Willows has a population of some 19,500 and is located 5 miles east of St Helens and 10 miles south of Wigan, approximately midway between the Merseyside and Greater Manchester conurbations. The town is served by the A572 and A49 roads and benefits from its proximity to the M6 and M62 motorways. The property is situated on the prime pedestrianised thoroughfare of Newton-le-Willows, close to its junction with Bridge Street. Occupiers close by include Heron Foods (adjacent), a Tesco supermarket, Wilko, Greggs, Boots, Coral, William Hill, Betfred, Savers, Jobcentre Plus and Shoe Zone (opposite), amongst others.
