Retail investment producing £11,000 per annum - 15 year lease
Ground floor self-contained retail unit, currently trading as off licence, situated within a three storey, mainly residential block fronting onto Stretford Road (A5067), next to Bet Fred bookmakers and close to the junction with Chorlton Road in the Hulme area, approximately 1 mile south of Manchester City Centre and convenient for Manchester Metropolitan University MMU Campus). The unit is currently let to a private individual trading as Booze Crooze Off Licence by way of a 15 year FRI Lease from 1 October 2016 at a current passing rental of £11,000 pa. The demise also includes 1no car parking space. We have not undertaken a measured survey of the property however we understand from the VOA that the net internal floor area of the unit is 55.09 sq m (593 sq ft). A copy of the lease will be contained within the legal pack. VAT is applicable on this Lot.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating D
Manchester City Council
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.