Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a prominent corner pitch.
Arranged as a ground floor retail unit with associated upper parts, the property is fully let to Coral Racing Limited on a 16 year lease expiring 27.02.2027 and paying £46,137 per annum.
We consider the property offers asset management potential via renewal of the lease which is near expiry. We understand the tenant has expressed willingness to discuss terms regarding a lease renewal.
Furthermore, we consider there may be potential to obtain vacant possession of the upper parts in any renewal, and therefore the upper parts may benefit from potential to convert to alternative uses (subject to obtaining the requisite consents).
The property occupies a prominent corner pitch fronting the pedestrianised Albert Road, the principal retail amenity in Widnes. The property lies at the entrance to Albert Square Shopping Centre and Green Oaks Shopping Centre is opposite. Nearby tenants include Betfred, Bonmarche, Clarks, Greggs and Holland & Barrett.
Tenure
Freehold
Rent