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). To view this property, please call Auction House North West Commercial on Tel: 0161 830 7477. The property briefly comprises a triple fronted two storey terrace which is currently let as follows:-

Tenure

See Legal Pack

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).

Energy Efficiency Rating (EPC)

Current Rating E, D, C

Local Authority

Tameside Metropolitan Borough Council

Solicitors

Rachel Kpol - Clarks Legal LLP, 12 Henrietta Street, Covent Garden, London, WC2E 8LH, Tel: 0207 539 8068

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 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.