Office Investment Premises ... AWS
Fully Let Restaurant/Office Investment Premises Producing £65,500pa 271 Bury New Road Whitefield Manchester M45 8QP
• • •
High quality refurbishment/fitout Net initial yield 8.64% (allowing for purchasers costs) Increasingly sought after North Manchester location.
Location The property is located in a prominent position on the south east side of Bury New Road (A56) at its junction with Devon Avenue in Whitefield, Greater Manchester. The property is situated within close proximity to various well known businesses including Total Fitness (Whitefield), Morrisons Superstore, Dominos Pizza and Subway.
The first floor offices are let to a new limited company (TBC) with the guarantor being Nationwide Plant Hire Ltd (www.nationwidelimited.co.uk). Their lease commences on 1 September 2018 for a term of 2 years at a rent of £15,500 per annum on internal repairing and insuring terms. Please note the landlord has agreed a temporary letting with Sunnybank Plastering for 6 months until the start date of the new lease at the same rent. Total rent £65,500 per annum
Junction 17 of the M60 motorway is approx. 2 miles to the south. Manchester City Centre is approx. 6 miles to the south and Whitefield Metrolink Station is within easy walking distance.
General Description The property comprises a fully refurbished former public house which has been converted to a restaurant on the ground floor with self contained offices above. The property has the benefit of a new roof. The ground floor restaurant has been fitted out to a high standard and benefits from tiled flooring, plastered walls and ceilings, modern lighting, gas central heating, a fully fitted bar, kitchen and WC facilities. The first floor offices have again been fitted out to a high standard and benefit from laminate wood effect flooring, exposed brickwork and character wood roof trusses, plastered walls and ceilings, intercom, modern lighting, gas central heating and WC/kitchen facilities. Externally there is a car park to the rear of the property.
Copies of leases available on request.
Accommodation As measured on a gross internal basis in accordance with the RICS Property Measurement 1st Edition the areas are as follows:Ground Floor First Floor
183.14m2 (1,971 sq ft) 110.54m2 (1,190 sq ft)
Total
293.68m2 (3,161 sq ft)
Basement not measured
Purchase Price Offers in the region of £720,000.
Tenure Informed freehold although interested parties should make the usual formal enquiries.
EPCs Leases The ground floor/basement are let to two private individuals t/a Northern Crafthouse on a 10 year lease from 1 August 2016 at £50,000 per annum (www.northerncrafthouse.co.uk). There is a rent review at 5 years. The lease is drafted on effective full repairing and insuring terms.
Copies of the EPCs are available on request.
VAT All figures quoted are exclusive of but may be liable to VAT.
Viewing Strictly by appointment with the sole agent : W T Gunson for the attention of Neale Sayle. The tenants should not be approached direct and one of our surveyors must be present at viewings. (Email: [email protected])
Tel: 0161 833 9797
Date of Preparation: 21/2/2018
• • •
High quality refurbishment/fitout Net initial yield 8.64% (allowing for purchasers costs) Increasingly sought after North Manchester location.
Location The property is located in a prominent position on the south east side of Bury New Road (A56) at its junction with Devon Avenue in Whitefield, Greater Manchester. The property is situated within close proximity to various well known businesses including Total Fitness (Whitefield), Morrisons Superstore, Dominos Pizza and Subway.
The first floor offices are let to a new limited company (TBC) with the guarantor being Nationwide Plant Hire Ltd (www.nationwidelimited.co.uk). Their lease commences on 1 September 2018 for a term of 2 years at a rent of £15,500 per annum on internal repairing and insuring terms. Please note the landlord has agreed a temporary letting with Sunnybank Plastering for 6 months until the start date of the new lease at the same rent. Total rent £65,500 per annum
Junction 17 of the M60 motorway is approx. 2 miles to the south. Manchester City Centre is approx. 6 miles to the south and Whitefield Metrolink Station is within easy walking distance.
General Description The property comprises a fully refurbished former public house which has been converted to a restaurant on the ground floor with self contained offices above. The property has the benefit of a new roof. The ground floor restaurant has been fitted out to a high standard and benefits from tiled flooring, plastered walls and ceilings, modern lighting, gas central heating, a fully fitted bar, kitchen and WC facilities. The first floor offices have again been fitted out to a high standard and benefit from laminate wood effect flooring, exposed brickwork and character wood roof trusses, plastered walls and ceilings, intercom, modern lighting, gas central heating and WC/kitchen facilities. Externally there is a car park to the rear of the property.
Copies of leases available on request.
Accommodation As measured on a gross internal basis in accordance with the RICS Property Measurement 1st Edition the areas are as follows:Ground Floor First Floor
183.14m2 (1,971 sq ft) 110.54m2 (1,190 sq ft)
Total
293.68m2 (3,161 sq ft)
Basement not measured
Purchase Price Offers in the region of £720,000.
Tenure Informed freehold although interested parties should make the usual formal enquiries.
EPCs Leases The ground floor/basement are let to two private individuals t/a Northern Crafthouse on a 10 year lease from 1 August 2016 at £50,000 per annum (www.northerncrafthouse.co.uk). There is a rent review at 5 years. The lease is drafted on effective full repairing and insuring terms.
Copies of the EPCs are available on request.
VAT All figures quoted are exclusive of but may be liable to VAT.
Viewing Strictly by appointment with the sole agent : W T Gunson for the attention of Neale Sayle. The tenants should not be approached direct and one of our surveyors must be present at viewings. (Email: [email protected])
Tel: 0161 833 9797
Date of Preparation: 21/2/2018
