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Regency House/Brazil House, 36-38 Whitworth Street & 46-50 Sackville Street, Manchester, M1 3NR

Δημοπρασία
United Kingdom
Μικτής Χρήσης
Commercial

*GUIDE PRICE £3,500,000

Ποσό προκαταβολής £19,000 *πλήρως επιστρέψιμο σε περίπτωση που δεν είστε ο επιτυχών πλειοδότης

Προστέθηκε περίοδος επέκτασης...

Ημερομηνία Δημοπρασίας 28 Σεπτεμβρίου
Χρόνος Κλεισίματος 12:00:00 (GMT+1)

Ξεναγήσεις Ακινήτων

Επικοινωνήστε μαζί μας για να συζητήσουμε για ξεναγησεις αυτού του ακινήτου.
Τηλέφωνο
+44 (0) 20 7703 4401
Ηλ. Διεύθυνση
info@uk.bidx1.com

Παράρτημα

The lease assignment on 50 Sackville Street has now completed. Please refer to the legal pack.

Περίληψη Ακινήτου

  • Freehold retail/leisure investment
  • Prime city centre location
  • Close to Piccadilly Gardens, Piccadilly Train Station and Metrolink
  • Part let to Bannatyne's Fitness Ltd until 2028
  • Includes the ground rent from 47 flats (sold off on long leases)
  • Producing £306,830 per annum (7)
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory Ltd acting as Joint LPA Receivers
  • The successful bidder will be required to pay the Auctioneers' Administration Fee of £5,000 inclusive of VAT

 

Επικοινωνήστε μαζί μας

Simon Bailey
Simon Bailey
Για διευκρινίσεις και επίλυση αποριών.
Neale Sayle
Neale Sayle
Κοινός Αντιπρόσωπος, στη διάθεση σας για διευκρινήσεις.
Chloe Scott
Δικηγόρος του Πωλητή

Επικοινωνήστε μαζί μας

Simon Bailey
Simon Bailey
Για διευκρινίσεις και επίλυση αποριών.
Neale Sayle
Neale Sayle
Κοινός Αντιπρόσωπος, στη διάθεση σας για διευκρινήσεις.
Chloe Scott
Δικηγόρος του Πωλητή

Λήψεις Αρχείων

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Περιγραφή ακινήτου

The property comprises two adjoining attractive Grade II listed period buildings, which have been extensively refurbished as five ground floor and lower ground floor retail and leisure units and 47 apartments above. In addition there is car parking at mezzanine and first floor level.

The ground and lower ground floor commercial occupiers include a national gym operator - Bannatyne Health Club, a well established Japanese Restaurant - Samsi, the popular Richmond Tea Rooms and the Tribeca Nightclub. 36 Whitworth Street is let to a coffee operator.

The upper floors are arranged as 47 apartments that have been sold off on long leases and it should be noted that the sub basement floor of Bannatyne's Health Club (swimming pool) is held by Bannatyne's on a 99 year lease (refer to legal pack).

FURTHER INFORMATION IS AVAILABLE IN THE ATTACHED BROCHURE

Τοποθεσία

Manchester is one of the UK's fastest growing cities and lies within easy reach of the M60, M602, M56 and M6 motorways. The city is well served by public transport with a number of railway stations including Manchester Piccadilly, Manchester Victoria and Manchester Oxford Road as well as Metrolink. Furthermore, Manchester International Airport lies about 9 miles south of the city centre.

The property is uniquely placed on the south side of Whitworth Street at its junction with Sackville Street in the heart of Manchester's ever evolving and dynamic city centre. It sits in 'The Village', a hugely vibrant area of the city and is surrounded by a wide variety of historic buildings and numerous bars and restaurants. Directly opposite is Sackville Gardens, a beautiful park bordered by Manchester College's Shena Simon Campus and home to the iconic Alan Turing Memorial statue.

The property is well placed for easy access to Piccadilly and Oxford Road railway stations as well as Piccadilly Gardens Metrolink. Also nearby are the shopping and leisure amenities of Market Street and The Arndale Shopping Centre. This area of the City is seeing a increase in development of offices, commercial outlets and luxury apartments including the likes of 40 Chorlton Street - a 41 bed apart hotel and 55 Portland Street - a 17 storey, 328 bed new build hotel. Also, the recently completed Manchester New Square development is within close proximity on the corner of Whitworth Street and Princess Street comprising three blocks of 15, 14 and 12 storeys, delivering 351 apartments.

Κατάσταση Ακινήτου

Please refer to the tenancy schedule below. Full copies of the lease agreements can found within the legal pack.

Άδεια Οικοδομής / Πολεοδομική Άδεια

Manchester City Council (0161 234 4516) www.manchester.gov.uk

Κατοχή

Freehold

Πίνακας/Πίνακες

Address

Floor

Size

Use

Tenant

Tenancy

Rent (£pa)

38 Whitworth Street (adjacent)

Ground

Lower ground

Total

224.63 sq m (2,418 sq ft)

129.32 sq m (1,392 sq ft)

353.86 sq m (3,809 sq ft)

Restaurant

Rudra Trading Ltd t/a Samsi Restaurant

Let for a term from 24/10/2013 to 03/06/2025

£55,000 (1)

38 Whitworth Street

Ground

Lower ground

Total

123.46 sq m (1,329 sq ft)

412.01 sq m (4,435 sq ft)

535.38 sq m (5,764 sq ft)

Gym/health club

Bannatyne Fitness Ltd t/a Bannatyne Health Club

Let for a term of 25 years from 01/05/1998 (2)

£110,480

36 Whitworth Street

Ground

117.33 sq m (1,263 sq ft)

Hair Salon

Patrick Marrow Ltd

New 5 year lease (refer to legal pack) (3)

£29,000

50 Sackville Street

Ground

Lower ground

Mezzanine

Total

224.82 sq m (2,420 sq ft)

170.09 sq m (1,831 sq ft)

32.98 sq m (355 sq ft)

426.04 sq m (4,586 sq ft)

Bar/nightclub

SV Property Holdings Ltd t/a Tribeca

Let for a term expiring 28/02/2043 (4)

£65,000 (5)

46 Sackville Street

Ground

Lower ground

Total

149.66 sq m (1,611 sq ft)

155.61 sq m (1,675 sq ft)

305.27 sq m (3,286 sq ft)

Tea rooms/restaurant

Tea On Ltd t/a Richmond Tea Rooms

Let for a term of 15 years from 08/11/2018 (6)

£45,000

Regency/Brazil House

Upper floors

47 units

Residential

Various

Refer to legal pack

£2,350

TOTAL

 

1,737.79 sq m (18,706 sq ft)

 

 

 

£306,830 

(1) Five yearly rent reviews

(2) Heads of Terms agreed for a Reversionary lease for a term of 5 years commencing in May 2023, details of which are available in the legal pack. The tenant is currently undertaking certain CAPEX works, details of which are included in the legal pack. The sub-basement floor (comprising the swimming pool) is held by the tenant on a 99 year lease from May 1998. The tenant operates from 68 branches throughout the UK.

(3) The Vendor will top up the 6 months rent free period on completion.

(4) (5) The tenant SV Property Holding Ltd has taken a reversionary lease/assignment for a term of 25 years. There are certain obligations being met by the incoming tenant as regards CAPEX improvements. A rent free period of 8 months from 1st Sept 2022 has been granted to the tenant. The vendor will top up the outstanding rent free period on completion. 

(6) Rent review on 08/11/2020 and every five years. The lease states a fixed rental uplift to £48,000pa from 08/11/2020

ΦΠΑ

Το ΦΠΑ εφαρμόζεται σε αυτή την πώληση. Παρακαλώ ανατρέξτε στα νομικά έγγραφα για περισσότερες λεπτομέρειες.

Δείκτης απόδοσης

Please refer to Legal Documents



*Όροι & Προϋποθέσεις

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. Η τιμή οδηγός του Ακινήτου δεν περιλαμβάνει το κόστος διαχείρισης ύψους £1,295 (συμπεριλαμβανομένου του Φ.Π.Α.) για όλα τα ακίνητα αξίας μέχρι £49,999 και £1,500 (συμπεριλαμβανομένου του Φ.Π.Α.) για όλα τα ακίνητα αξίας πέραν των £50.000 που χρεώνονται από τη BidX1. Σε περίπτωση συνεργασίας με άλλο μεσίτη το κόστος διαχείρισης θα ανέρχεται στα £2,400 (συμπεριλαμβανομένου του Φ.Π.Α.). Επιπρόσθετα, η τιμή οδηγός δεν περιλαμβάνει το Φ.Π.Α. που εφαρμόζεται στην Τιμή Πώλησης ή οποιαδήποτε επιπρόσθετα κόστη, βάρη και επιβαρύνσεις, που δύναται να εφαρμόζονται σε κάποια ακίνητα ή/και σε κάποιους αγοραστές. Οι Ειδικοί Όροι Πώλησης του πωλητή καθώς και οι οποιεσδήποτε εφαρμοστέες αλλαγές στα Παραρτήματα, θα ορίσουν αν υπάρχουν άλλα κόστη, βάρη και επιβαρύνσεις και κατά πόσο ο πωλητής δύναται να χρεώσει ΦΠΑ επί της τιμής πώλησης.
  5. Για συμμετοχή σε μία πώληση, η BidX1 οφείλει να εισπράξει από όλους τους ενδιαφερόμενους ένα ελάχιστο ποσό. Το ποσό συμμετοχής καθώς και το τέλος διαχείρισης είναι πλήρως επιστρέψιμο σε περίπτωση που δεν είστε ο επιτυχών πλειοδότης. Για παράδειγμα, το τέλος συμμετοχής ύψους £4,795 περιλαμβάνει το ποσό των £3,500 που είναι η εγγύηση ασφαλείας (που εν μέρη καλύπτει το ποσό της προκαταβολής) καθώς και το κόστος διαχείρισης που καταβάλλεται απευθείας στη BidX1. Το ποσό συμμετοχής δύναται να είναι υψηλότερο καθώς είναι ανάλογο με το ύψος της επιφυλασσόμενης τιμής του Ακινήτου.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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