A Town Centre Retail Investment Producing £10,500pa

Situated on one of the main retailing Streets of Rochdale Town Centre this property would be an ideal addition to an investment portfolio. Currently let to Sortem Mitte Ltd, Trading as Cash Generator, for a term of 10 years from 18th December 2017 at a rental of £10,500pa exclusive of rates subject to a rent review at the end of year five on a Full Repairing and Insuring basis. Investments of this type offering the potential of such a high return are becoming increasingly difficult to source so this is one not to be missed.

Tenure

See legal pack

Not inspected by Auction House Manchester but the VOA Website states the accommodation to be as follows:

Ground Floor

Retail 774sq ft (71.9sq m) Office 87sq ft (8.1 sq m) Kitchen 43 sq ft (4.0 sq m) Stores 451 sq ft (41.9 sq m) Staff WC’s

First Floor

Retail 262 sq ft (24.4 sq m) Stores 299 sq ft (27.8 sq m)

Second Floor

Stores 520 sq ft (48.3 sq m)

Basement

Plant Room & Stores 488 sq ft (45.3 sq m)

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Rochdale Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £900 inc VAT

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