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Lot 27Sold: £237,500

64 Yorkshire Street, Rochdale, Lancashire OL16 1JP

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Lot 27 details

(GROSS YIELD 10.1%)
6 Week completion

SITUATION

Occupying a prime trading positon on the pedestrianised section of Yorkshire Street linking both the Rochdale Exchange Shopping Centre and the Wheatsheaf Shopping Centre. The property is just a few doors away from Marks & Spencer and amongst such multiples as Lloyds Bank, Santander, Poundworld, JD Sports and CEX.
Rochdale is a busy market town located 10 miles north-east of Manchester and 28 miles south-west of Leeds and enjoys good road communications via the M62 (Junction 20).

PROPERTY

A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary/Store on the first floor.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 17'6”
Internal Width 15'0” (max)
Shop Depth 63'4”
First Floor Ancillary/Store Area Approx.220 sq ft plus 2 WCs

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to TUI UK Retail Ltd t/a Thomson Travel (having 650 branches) for a term of 5 years from 24th June 2016 (renewal of a previous lease) at a current rent of £23,750 per annum exclusive.

Enquire about this lot:

Photo of STEVEN GROSSMAN

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of JONATHAN ROSS

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.