Ground Floor Retail Investment – Let to Pizza Hut (Franchisee) – Producing £14,000 pa

Ground Floor self-contained retail unit now let to Pizza Hut (take-away and delivery) franchisee. The first floor has been sold off by way of a 125 year lease from February 2008 (exp 2133). Lease The ground floor is let by way of a 20 year lease from February 2022 at an initial discounted rent of £7,000 pa which increases to £14,000 pa on 14th February 2023. The lease incorporates 5 yearly rent reviews to RPI and Tenant break clauses in 2032 and 2037. Location Prominently situated in the centre of Leyland opposite Tesco Extra Supermarket and close to Leyland Leisure Centre. Tenure: Long Leasehold Title number: LA594918 Length of Lease/Term: 999 yrs from 1/5/1900 Ground Rent : £9.8s.2d Service Charge: £nil Council Tax Band : n/a Please note, the first floor of this property, 55A Towngate, is also being offered in this auction at Lot 55 - _https_www.auctionhouse.co.uk/northwest/auction/lot/119338 Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/ ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

Leasehold

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

South Ribble Borough Council

Additional Fees

Administration Charge - 1.75% inc VAT of the purchase price, subject to a minimum of £1750 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.