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For Sale By Auction | 12:00, 09 July 2020

The Point 173-175 Cheetham Hill Road, Cheetham Hill, Greater Manchester, M8 8LG

*Guide | £2,750,000 (plus fees)

  • Office
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 09/07/2020

Auction Time

12:00

Auction Venue

Online Auction Online Auction,

Substantial Modern Multi Let Office & Retail Investment - 24, 111 sq.ft (2,241 m2)

Description Modern three storey (plus roof terrace) detached office and retail building constructed in 2009. Briefly providing ground floor retail units with modern office space to the upper floors which have separate reception entrance. In addition there is a substantial roof terrace area with pod previously occupied as a gymnasium. Internally the offices are served by two passenger lifts, male and femal WCs plus kitchens to each floor. The offices are in the main subdivided by glazed partitions and benefit from:- • Raised floors • LG7 lighting • Air conditioning Externally there are 36 surfaced on-site parking spaces. Location Prominently situated fromnting Cheetham Hill Road (A665) directly opposite The Fort Retail Park which boasts occupiers such as B&Q, M&S and Asda. Cheetham Hill Road is one of the main arterial routes leading to Manchester City Centre which is less than 1 mile to the South. Accommodation The Point provides the following Net Internal Floor Areas Ground Floor – 8 no. Retail Units - 8,708 sq.ft (809 m2) First Floor 10 no. Office Suites – 7,498 sq.ft. (697 m2) Second Floor 12 no. Office Suites – 7,155 sq.ft. (665 m2) Roof Terrace Private Pod – 750 sq.ft. (70 m2) Total NIA – 24,111 sq.ft (2,241 m2) Tenancy Schedule Please refer to the legal pack for the up to date schedule The Opportunity • Landmark Building • Low Capital Value of £114 psf • Asset Management Opportunity • 44% vacant • Increase Floor Area By Enclosing Roof Terrace • ERV c£314,000 pa when Fully Let

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Manchester City Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price 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.