The property is held on 6 long leasehold interests from Cheshire West and Chester Borough Council (title numbers CH351963, CH314089, CH605335, CH438058, CH3374 and CH356974). The leases currently have 92 years unexpired and a combined head rent of £88,000 per annum.
An agreement in principle was reached to regear the headleases in to one headllease for a term of 250 years at a fixed ground rent of £100,000 per annum. This agreement was subject to the demolition of the former B&M unit. Further details are available on request.
The Port Arcades is a part covered part open air shopping centre located in the heart of Ellesmere Port. The centre benefits from 3 car parks all accessed via Civic Way. The Port Arcades is a community shopping centre which was originally constructed in c. 1985. The scheme constitutes the main retail provision in Ellesmere Port’s town centre. It comprises 326,217 sq ft of retail and leisure accommodation across 76 units as well as a large Iceland Food Warehouse. The centre provides neighbourhood convenience retailing anchored by an ASDA superstore. The total floor area is approximately 30,307 sq m (326,217 sq ft).
Key retailers within the scheme include Wilko, Peacocks, Home Bargains, Iceland, EE and
Boots. The shopping centre’s value and convenience led shopping offer suits the local and
loyal catchment base.
The shopping centre is located adjacent to an Asda megastore and an ALDI
Foodstore , both
of which share a car park with the Port Arcades. Additionally, there is a bustling covered
market with access directly to the shopping centre. These all act as strong footfall drivers for
consumers to the town centre.
Ellesmere Port is a prominent town situated between Chester and the affluent Wirral Peninsula. The Port Arcades shopping centre comprises the heart of the town centre and is an important strategic site. It benefits from excellent transport links to key local and regional destinations. The Port Arcades Shopping Centre is located 6.6 miles (11km) north of Chester and 11.8 miles (19 km) south east of Liverpool City Centre.
Please refer to the tenancy schedule within the legal pack for a full schedule of tenancies and areas.
Cheshire West & Chester Council (0300 123 7027) www.cheshirewestandchester.gov.uk
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.