Call the team on 0161 830 7477 for more information
Investment & Part Residential Conversion Opportunity - Currently Producing £22,240pa
Situated in the centre of Denton, fronting onto Manchester Road (A57), close to its junction with Stockport Road (A6017). The property briefly comprises a triple fronted two storey terrace which is currently let as follows:- 3-5 Manchester Road (double fronted ground floor retail unit) - Let to William Hill, by way of a 20 year FRI lease from 24 January 2007 at a current passing rental of £14,000 pa. The lease incorporates five yearly rent reviews, the next one being January 2022. 7 Manchester Road (ground floor retail unit) - Let to a private individual by way of a 10 year lease from January 2016 at a current passing rental of £8,240 pa with a fixed increase in January 2021 to £8,487 pa. The lease also incorporates a tenants break clause in January 2021 providing six months prior notice is provided. First Floor - former offices, now benefitting from planning consent from Tameside Council to convert to three self-contained flats (2 x two bed and 1 x one bed). Granted August 2016 (Ref 16/00575/FUL).
Tenure
To Be Confirmed In Legal Pack
Viewing
Please contact Auction House North West Commercial on 0161 830 7477
Energy Efficiency Rating (EPC)
Current Rating E, D & C
Local Authority
Tameside Metropolitan Borough Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.