Commercial properties for sale in Atherton Street, WA10
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Property Type Investment Availability For Sale Size 2421 sqft Energy Performance Rating This property has been graded as C 67
LOCATION Tyldesley, a populated town in Greater Manchester and a residential suburb situated some 10 miles west of Manchester city centre. There are excellent communications via the M60, M61 and M62 motorways and Manchester Airport is 17 miles to the south-east of the town. The store is situated on the busy Manchester Road A527 in Astley, a large village continuous with Tyldesley. The store benefits from being situated nearby a number of local schools and directly opposite a public house. Other occupiers in the village include funeral directors, Indian restaurant, Rowlands pharmacy, doctors surgery and a flooring company.
KEY POINTS Well located convenience store in local suburban retail parade Whole property is let for 16.5 years with no breaks to Martin McColl Ltd with a guarantee from McColl’s Retail Group Plc Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth Total current rents reserved £25,754 pa rising to £28,434 pa on 21st August 2025 Offers in excess of £410,000 Net Initial Yield of 6.03%, with a Reversionary Yield of 6.65%
ADDITIONAL INFORMATION The building is a detached corner brick building under a pitched tiled roof. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear.
There is car parking available on the street and the road adjacent to the unit.
Ground Floor - Sales 1,786 sq ft 166 sq m Ground Floor - Ancillary 635 sq ft 59 sq m Total NIA 2,421 sq ft 225 sq m
TENANCY The whole property is let to Martin McColl Ltd for a term of 16.5 years from 21st February 2019 on FRI terms and and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £25,000 per annum. The vendor will top up the rent to £25,754 per annum from completion until 21st August 2020 by way of a reduction in the purchase price.
RENT Year Rent ReversionaryYield
21st August 2025 £28,434 pa 6.65% 21st August 2030 £31,394 pa 7.35%
COVENANT McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.
The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at http://www.mccolls.co.uk/investor.
EPC The property has an EPC rating of C67. A copy of the EPC is available on our website.
VAT The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).
PROPOSAL We are instructed to seek offers in excess of £410,000 (Four Hundred and Ten Thousand Pounds) subject to contract for the freehold interest, which reflects a Net Initial Yield of 6.03% assuming purchaser's costs at 4.24%.
Prominently Located Convenience Store Investment. Let to McColl's Retail Group Plc for 16.5 years with no breaks.
Type: Residential, Retail
Mc Coll's Convenience Store, 406 Manchester Road, Manchester, M29 7DYGBLancashireM29 7DYMc Coll's Convenience Store, 406, Manchester Road
For Sale - Investment opportunity producing £36,960 pa rental income. The property is a former public house which has been converted to provide retail / commercial accommodation on the ground and first floors, and two one-bed flats above. To the rear is a small yard currently used for container storage. The property has been extensively refurbished both internally and externally. The ground and first floors are currently let to Milkshake Hair and Beauty collective at £25,000 pa on a 5 year lease from Jan 19, the two flats are each let out on AST at £85 per week, the three containers in the yard are let on licensing agreements producing £3,120 pa. The property occupies a prominent position on the corner of Dublin street and Great Howard Street, one of the principal arterial routes from Liverpool city centre to the northern suburbs. The area has seen significant regeneration in recent years. Great Howard Street is currently undergoing street widening and further improvements are proposed including Liverpool Waters, Ten Streets and Everton Stadium.
1-3 Dublin Street, Liverpool
Type: Retail, Flat, General Retail, Residential
1-3 Dublin Street, Liverpool, Merseyside, L3 7DTGBMerseysideL3 7DTDublin Street
The premises are located on Blackstock Street having a secondary frontage onto Ford Street just off Vauxhall Road (A5038) approximately 0.5 Miles North of Liverpool City Centre. The immediate surrounding area is predominantly industrial in nature, however there are a number of new student residential schemes near by, and the City of Liverpool college. The property is in close proximity to excellent transport links off Great Howard Street, which is the main arterial route into Liverpool City Centre, and is also within walking distance of Old Hall Street and Moorfields Train Station.
The property lies within the Pumpfields development Framework, of which Pumpfields is located on the northern edge of city centre and less than a quarter of mile inland from the River Mersey. It is bounded to the south and east by major arterial routes into the city – Leeds Street to the south and Scotland Road to the east.
It is bounded to the west by Pall Mall and the northern line railway line, and to the north by Chisenhale Street and Ford Street. Pumpfields is bisected by Vauxhall Road which provides an important north-south route into the City from North Liverpool.
The subject property comprises a substantial 3 story, bonded warehouse of traditional brick construction, with loading to the warehouse from Blackstock Street via a roller shutter loading bay. The unit consists of a timber ground floor, with all remaining floors of concrete construction. The unit benefits from a 3 phase electricity supply and eves heights of circa 4 meters.
The adjacent property comprises of a substantial L-shaped brick warehouse/workshop unit having a minimum clearance height below the roof truss of approximately 5.2m (17 ft), with offices and storage to the upper floors.
There are 3 occupational leases to national telecommunication companies occupying the second floor and roof. Two of the occupiers are currently holding over, outside the security provisions of Landlord and Tenant 1954 Act, with 1 Tenant having a 7 year un-expired term. Collectively these leases produce and annual rental income of £36,949 per annum.
Offers will be entertained for the freehold interest on an unconditional basis.
10-12 Ford Street & 15-17 Blackstock Street, Liverpool, Merseyside, L3 6EP
Type: Residential, Industrial, Warehouse, Offices
10-12 Ford St 15-17 Blackstock Street, Liverpool,, Ford Street, Liverpool, L3 6EXGBLiverpoolMerseysideL3 6EX10-12 Ford St, Ford Street
ADDRESS: 37 – 43 Ormskirk Street St Helens, Merseyside WA10 2SY • Freehold Retail Investment • 42 years to go to end of occupational lease with no breaks • Let to Iceland Foods Ltd until 2061 in popular Merseyside town • Building comprising 23,790 sq ft-rent £2.60 per sq ft LOCATION Estimated District Population: 196,000 Located 13 miles north-west of Warrington, 14 miles north-east of Liverpool, 25 miles west of Manchester Roads: A58, A570, A580, M6, M57, M58, M62 Rail: London Euston via Liverpool Lime Street Air: Liverpool and Manchester SITUATION The property occupies a prominent location on Ormskirk Street, one of the town’s principal retailing thoroughfares, close to its junction with Cotham Street and Westfield Street. Nearby: Millets, Ladbrokes, William Hill, Focus, Wilkinson, Spec-savers, Samuels and branches of Royal Bank of Scotland, HSBC and Nat West banks, whilst Church Street is only short distance away. DESCRIPTION Large Shop arranged on the ground, basement and first floors with a self contained snooker hall on the second floor. Ample delivery access at the rear ACCOMMODATION Ground Floor: 6,020 Sq. Ft., Basement: 6,620 Sq. Ft., First Floor: 4,735 Sq. Ft., Second Floor: 6,415 Sq. Ft., Total: 23,790 Sq.Ft. TENANCY: Entire property Let to Iceland Foods Limited for 99 years from 25th December 1962, FRI at £61,850 p.a. Reviews: open market upward only reviews in 2018 and 14 yearly thereafter-Nil increase in 2018 COVENANT Iceland foods limited in 2018, reported a turnover of £2.973bn, a pre tax profit of £32.8m, and shareholders funds of £795m TENURE: Freehold VAT IS: Not Applicable PRICE: Offers in excess of £1,200,000 - 4.8% net
Freehold Retail Investment Let to Iceland Foods Limited – St Helens
37-43 Ormskirk Street, WA10 2SYGBSt. HelensMerseysideWA10 2SY37-43, Ormskirk Street
Offers are invited for the land & buildings comprising the former primary school, located next to the Church of St Margaret of Antioch and the Vicarage. The school is a two story brick building, part of which is derelict. There is a modern single storey extension previously used as a school hall and a detached building formerly a nursery. On the eastern side of the site is a playground and car park. The site is close to the Anglican Cathedral and Princes Park, the area is identified as predominantly residential and in a conservation area. The site is suitable for a variety of uses subject to planning and offers are invited for the freehold interest.
Fmr St. Margaret of Antioch Church of England Primary School, Upper Hampton Street, Liverpool
Type: Land, Residential, Commercial Land
St. Margarets Vicarage, Princes Road, L8 1TGGBLiverpoolMerseysideL8 1TGPrinces Road