For Sale
UNITS 4&5, OTTERBURN STREET, SANDYMOOR, RUNCORN, WA7 1YN
£475,000.00
Description
UNITS 4&5, OTTERBURN STREET, SANDYMOOR, RUNCORN, WA7 1YN
- PRIME LOCATION IN SANDYMOOR, RUNCORN
- INVESTMENT OPPORTUNITY
- PROMINENT FRONTAGE
- POPULAR COMMERCIAL LOCATION
- CURRENTLY USED FOR USE CLASS E
LOCATION
- OTTERBURNSTREET, SANDYMOOR DEVELOPMENT FORMS PART OF A LARGE URBAN EXTENSION TO THE EAST OF RUNCORN BEING DELIVERED BY A CONSORTIUM OF HOUSE BUILDERS INCLUDING MORRIS HOMES, DW HOMES, AND BARRATTS TOTALLING APPROXIMATELY 6,500 UNITS IN THE SURROUNDING AREAS THE LOCATION ALSO BENEFITS FROM A PROXIMITY TO NEARBY EMPLOYMENT AREAS OF MANOR PARK AND DARESBURY.
TENANCY DETAILS
- OTTERBURNS LTD –10 YEAR LEASETO BE SIGNED MAY/JUNE 2025 AT A COMMENCING RENTAL OF £32,850 FOR THE 1ST YEAR OF THE TERM.
- YEAR 2 –RENTAL OF £32,850
- YEAR 3 –RENT REVIEW AND BREAK CLAUSE FOR TENANT ONLY. RENTAL OF £34,000 IF TENANCY CONTINUES
- YEAR 5 -RENT REVIEW AND BREAK CLAUSE FOR TENANT ONLY. RENTAL OF £35,000 IF TENANCY CONTINUES
- YEAR 7 -RENT REVIEW AND BREAK CLAUSE FOR TENANT ONLY. IF TENANCY CONTINUES, CHARTERED SURVEYOR TO SUGGEST A LEASE COST, NOT TO EXCEED MARKET VALUE
- LANDLORD TO BE RESPONSIBLE FOR PAYING THE SERVICE CHARGE AND BUILDINGS INSURANCE
TENURE
- LONG LEASEHOLD FOR 999 YEARS FROM 5th JANUARY 2024 AT A PEPPERCORN GROUND RENT
LEGAL COSTS
- EACH PARTY IS RESPONSIBLE FOR PAYING THEIR OWN LEGAL COSTS
PRICE
- £475,000 EXCLUSIVE OF VAT
£475000