Two Tenanted Retail Units Within a Three Storey Property - Considered Suitable for Redevelopment (STP)

Situated within the popular Northern Quarter district of Manchester City Centre. The property briefly comprises 2no three storey retail units, currently let to adult shop(s) at a passing rental of £27,000 pa paid monthly by way of a 21 year lease from June 2000. The property has not been inspected, however the following net internal floor areas have been taken from the VOA: Ground Floor (no. 78) 60.1 sq m Ground Floor (no. 80) 36.4 sq m Total ground floor area 96.5 sq m (1,039 sq ft) First Floor (no. 78 - 80) 97.8 sq m (1053 sq ft) Second Floor (no. 78 - 80) 77 sq m (829 sq ft) Total net internal floor area: 271.3 sq m (2,921 sq ft) The Northern Quarter is a fashionable neighbourhood with vibrant street art, bohemian bars and independent record shops. It is home to a number of restaurant, lively music venues and cultural attractions. Tib Street itself boasts occupiers such as Matt and Phred's, The Tib Street Tavern and Sugar. Tib Street runs parallel with Oldham Street with the subject property being situated midway between the junction of Thomas Street to the west and Great Ancoats Street to the east. The property is considered suitable for redevelopment subject to the necessary consents being obtained.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Local Authority

Manchester City Council

Additional Fees

Buyer's Premium - £900 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

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