Barnett Ross Auctioneers and Chartered Surveyors in London

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Occupying a prominent position on this busy main road within the same parade as a Co-Op Supermarket and close to a host of local traders.
Reddish is located 5 miles South-West of Manchester, 2 miles North-West of Stockport and benefits from good road links via the M60.

An end of terrace property currently arranged as a Ground Floor Tanning Salon with internal access to a Gymnasium at first floor level. The property has been fitted out to an extremely high standard.

Ground Floor Shop
Gross Frontage 40'0"
Net Frontage 38'0"
Built Depth 49'8"
WC
First Floor Gymnasium
GIA Approx 1,300 sq ft. (not inspected by Barnett Ross)

VAT is NOT payable in respect to this lot

FREEHOLD

The entire property is let on a full repairing and insuring lease to P W Norton and R J Moran (with AGA from previous tenant) as a tanning shop and gym for a term of 15 years from 9th August 2006 at a current rent of £26,000 per annum exclusive.

Rent Reviews 2015 and 3 yearly to a minimum of OMV or RPI.

Note 1: The current rent is £22,000 with a fixed increase to £26,000 in 2012 and the vendor will top-up the difference on completion.

Note 2: The tenant paid a premium in excess of £50,000 to take an assignment of the lease in December 2008.

Note 3: There is a deed of variation allowing the tenant to create two flats on the upper floor.