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Tenanted hot food take-away investment Producing £12,000 pa – new 20 year lease
Traditionally constructed two storey forecourt fronted property occupied and trading as hot food take-away (pizza's and Raj cuisine), who have been in occupation since approximately 2005. We are informed that the tenants have recently signed a new 20 year lease at a passing rental of £12,000 pa. Please refer to the legal pack for a copy of the lease. According to the VOA the property provides the following net internal floor areas: Ground Floor Retail: 364 sq ft Storage: 32 sq ft First Floor (3 no. Offices/store-rooms) - 440 sq ft Externally there is off-road parking to the front forecourt and to the side. The property is prominently situated fronting onto Hollinwood Avenue (A6104) adjacent to Moston Train Station which provides direct access into Manchester city centre. The premises are also conveniently situated within half mile of Junction 21 on the M60 orbital motorway.
Tenure
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating C
Local Authority
Manchester City Council
Solicitors
Josh Brackup - Williams & Co., Brooke House, 3-5 Dewsbury Road, Cleckheaton, BD19 3RS, Tel: 01274 851 608
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 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.