Call the team on 0161 830 7477 for more information
Retail Investment Currently Producing £9,600 per annum
Ground floor modern single storey self contained retail unit currently trading as Lynn's Wines & Beers. The property benefits from modern powder coated aluminium shop front protected by electrically operated security shutters and briefly comprises main retail area together with kitchen and WC facilities. The property itself is situated beneath a modern apartment block. Not measured, however according to the Valuation Office Agency (VOA) the net internal floor area is 74 sq m (797 sq ft). The property is occupied and trading as Lynn's Wines & Beers (off licence, tobacconists and general grocery store) by way of a 15 year lease from 2013 at a current passing rental of £9,600 per annum and the lease incorporates 5 yearly rent reviews the next one due 2018. Understood to be held long leasehold for the residue of a 250 year lease less 13 days from 1996, the initial ground rent payable being £200 per annum subject to rent reviews every 10 years to RPI. Please refer to legal pack for confirmation. Please note; The lease information has been verbally provided by the tenants, we have not been provided with a copy of the occupational lease.
Tenure
To Be Confirmed In Legal Pack
Viewing
Please contact Auction House North West Commercial on 0161 830 7477
Energy Efficiency Rating (EPC)
Current Rating B
Local Authority
Manchester City Council
Solicitors
Addleshaw Goddard, One St Peters Square, MANCHESTER M2 3DE, Ref: Jason Scott, Tel: 0161 934 6000
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £900 including VAT payable in addition to the Administration Charge
Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.