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Lot 29 Sold: £450,000

Unit E Charnock Road, Aintree, Liverpool, Merseyside L9 7ET

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Lot 29   Click here for addendum

6 week completion

Situation

Located off Stopgate Lane (B5187) which in turn connects with East Lancashire Road (A580) sitting amongst other light industrial, office and storage units being within this established industrial estate. The property is located approx. 2 miles south of Aintree Racecourse, famous for hosting the annual Grand National.
Aintree lies midway between Walton and Maghull on the A59 which provides easy access to the M57 & M58 and is approx. 5 ½ miles north east of Liverpool city centre.

Property

Comprising a substantial Warehouse with Trade Counter situated on a Site Area of Approx. 1.18 Acres providing ample external storage and parking. The building only occupies approx. 10.8% of the site.

Accommodation

Site Width (max) Approx. 231 ft
Site Depth (max) Approx. 283 ft
Site Area Approx. 1.18 Acres

Warehouse
Internal Width 64'9"
Built Depth 85'7"
GIA Approx. 5,540 sq ft plus mezzanine floor

VAT is NOT applicable to this Lot

Tenure
Held on two separate leases:
• Leasehold for a term of 999 years from 1st April 1946 at a peppercorn ground rent.
• Leasehold for a term of 999 years from 15th April 1940 at a peppercorn ground rent.

Tenancy

The entire property is let on a full repairing and insuring lease to SIG Trading Limited (see Tenant Profile) for a term of years expiring 4th November 2024 (in occupation since 2004) at a rent of £36,500 per annum exclusive (see Note).

Tenant Profile

SIG Trading Limited is a subsidiary of SIG plc which is a leading distributor of specialist building products in Europe and operates from trading sites across the UK and Ireland and Mainland Europe and employs just over 9,000 people in 585 branches. The Group's main countries of operation are the UK, France and Germany, which together account for 84% of its continuing revenues (Source: www.sigplc.com).

Note: The tenant has a rent free period expiring 4 months after completion of this purchase following which the rent becomes £33,000 p.a. until 4th November 2019 and £36,500 p.a. thereafter and the Vendor will top up this rent shortfall on completion.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.