Substantial Part Tenanted Retail Property Currently Producing £36,800 pa With Vacant Upper Floors - Conversion & Development Potential (STP)
Description Substantial part two part three storey corner building briefly comprising two ground floor retail units with separately accessed vacant upper floors considered suitable for residential conversion subject to the necessary consents being obtained. To the rear is a car parking area exclusively for this property which again may be suitable for further development (STP) Location Prominently located fronting Stockport Road (A6) at the junction of Cromwell Grove in the centre of Levenshulme, close to Levenshulme train station and approximately 3 miles south of Manchester City Centre. Tenancy Information The property is let as follows:- 823 Stockport Road – “Cash Converters” let to franchisee (Ltd Co) – currently holding over under the terms of the previous lease (10 years from December 2010) paying £21,500 pa. 825 Stockport Road – “Isca Wines” 5 year lease until 31st July 2024 paying £10,500 pa increasing to £11,100 pa on 1st August 2021 until expiry. Land to r/o 823-825 Stockport Road – Let by way of licence to private individual until 30th June 2021 at £4,800 pa. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating E
Manchester City Council
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
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Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.