For Sale By Auction | 14:00, 17 December 2019 | Lot 51

4 Elizabeth Street, Castleton, Rochdale, Greater Manchester, OL11 3HY

*Guide | £150,000 - £200,000 (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Tue 17/12/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Pharmacy Investment - Let to Co-Operative Group Health Limited Producing £15,000 pax

Single storey detached self-contained purpose built pharmacy unit situated immediately adjacent to Castleton Health Centre and sharing an access point into the car park from Elizabeth Street. Castleton Health Centre is a modern centre from which seven Doctors practice. The pharmacy trade is almost entirely from the adjoining Medical Centre and the Pharmacy enjoys an almost monopoly position. The unit is let to Co-Operative Group Healthcare Limited by way of a 15 year lease with effect from July 2013 at a passing rent of £15,000 per annum. The lease incoprorates five yearly rent reviews and break clauses subject to six months notice being served. A copy of the lease is contained within the legal pack. The property has not been inspected however is understood to briefly comprise sales area, dispensary, staff room/kitchen and w.c. extending to 64.4 sq m (693 sq ft). Externally there is a tarmacadam surfaced car park directly in front of the unit for 8 cars. Elizabeth Street connects to Manchester Road (A664) via Nixon Street and Abbot street, approximately 1 mile south west of Rochdale town centre.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating To Follow

Local Authority

Rochdale Metropolitan Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.