McColl’s, Great Sutton, Liverpool

 

49 Gleneagles Road, Great Sutton, Ellesmere Port, CH66 4NF

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £35,000
  • Lease Term: 16.5 years from Nov '15
  • VAT applicable?: N

Property Description

  • Freehold, blue-chip convenience store investment
  • Large 3,733 sq.ft. unit arranged over the ground floor only (there may be potential to add residential accommodation on to the first floor in future)
  • Forms part of local shopping parade with car parking and rear access

Location Description

  • Within a well configured retail parade set centrally within the residential area of Great Sutton
  • Nearby occupies included Bargain Booze, two hair salons, a tae-away and a pub
  • Great Sutton is part of Ellesmere Port which is located on the Wirral pensinsular, 11 miles south of Liverpool and 8 miles north of Chester

Additional Notes

  • Let to Martin McColl Ltd for 16.5 years from 25/11/15 FR&I for £35k p.a.
  • Fixed 5 yearly increases of 2% p.a. compounded
  • The first review is in May 2017 and will be set to £36,057 p.a.
  • McColl’s trade from over 1,300 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. For the year ending 30th November 2014 reported a turnover of £462.850m, a pre tax profit of £27.947m and shareholder’s funds of £117.307m. The combined group has a turnover in excess of £1bn. It employs nearly 20,000 full and part-tine staff and is visited by over 4.5m customers every week. The company floated on the London Stock Exchange in 2014.

Your Agent for this listing

Nilesh (2)

Nilesh Patel ACA

0203 113 2142
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