Tenanted Freehold Building with Income of £20,000pa

A substantial freehold retail property arranged over ground and upper floors, extending to approx. 1,225 m2 / 13,185 sqft. The property is currently let in its entirety to ‘Poundstretcher Limited’ providing immediate income with future asset management and development potential. Tenancy: Currently tenanted on a three-year tenancy from 23rd November 2024 until 22nd November 2027 bringing in an income of £20,000pa. The property offers short-term income with potential for re-letting, repositioning or redevelopment. There is also a mutual (landlord or tenant) break at any time, provided 3 month’s notice is given. For more information, please refer to the tenancy agreement within the legal pack. The property also benefits from outline planning permission (all matters reserved) granted by Tameside Council (Re: 22/01049/OUT) for redevelopment to provide a three-storey building creating 21 residential apartments and a food hall to the existing ground floor. This represents a significant opportunity to deliver a mixed-use scheme in a central location. Rateable Value: £48,000 (1 April 2026) Location: The property occupies a prominent position in the heart of Hyde town centre, approximately 7 miles east of Manchester. Hyde is a well-established market town within the borough of Tameside Council, benefiting from strong transport links via the M67 motorway and regular rail services. The immediate area comprises a mix of national and independent retailers, with nearby amenities including Clarendon Square Shopping Centre and Hyde Market. The Area: Hyde is a traditional Greater Manchester town with a population of approximately 30,000–35,000. The town centre provides a range of retail, leisure and community facilities, with ongoing regeneration initiatives aimed at enhancing footfall and improving the public realm. The area benefits from strong connectivity to Manchester, Stockport and the Peak District, supporting both residential demand and long-term growth prospects. Tenure: Freehold Title number: MAN147102 Local Authority: Tameside Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Tameside Metropolitan Borough Council

Solicitors

Temple Heelis Solicitors, Ref: Temple Heelis Solicitors, Tel: 01539 761777

Additional Fees

Administration Charge - 2.75% inc VAT of the purchase price, subject to a minimum of £2750 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.