Investment opportunity part let to Wm Hill at £14,000 pa – plus vacant retail unit & consent to convert 1st Floor to 3 x flats
Auction Date: Wednesday 22nd May 2019 Auction Venue: AJ Bell Stadium 1 Stadium Way, Barton-upon-Irwell, Salford, M30 7EY 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 – vacant ground floor retail unit extending to 635 sq ft (59 sq m). First Floor - former offices, now benefiting 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). This could be reconfigured to create 4 flats subject to the necessary consents being obtained.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating E, D & C
Tameside Metropolitan Borough 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 £1080 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.