6 Week completion
Located in a prominent trading position in this established retail thoroughfare at the junction with Dearden Street, adjacent to Yorkshire Building Society and amongst such multiples as Lloyds Pharmacy, NatWest, and Lloyds Bank.
Stalybridge is located some 8 miles east of Manchester City Centre and being within 3 miles of both the M67 (Junction 3).
A corner property comprising a Ground Floor Shop and Basement with separate rear access to Self-Contained Offices on the first floor (see Note).
In addition, the property includes a Rear Car Park for 3 /4 cars.
Ground Floor Shop
Gross Frontage 27'2''
Return Window Frontage 21'3''
Internal Width 21'3''
widening at rear to 24'6''
Shop and Built Depth 34'9''
Staff Kitchen & WC
Rear access to Store (not inspected)
Internal access to 2 Customer WCs
Offices Area Approx. 675 sq ft
Kitchen/Lobby Area Approx. 115 sq ft plus WC
Leasehold for a term of 2000 years from 14th July 1837 (having approx. 1821 years unexpired) at a fixed ground rent of £8.15 p.a.
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to William Hill Organization Ltd (having over 2,300 branches) (T/O for Y/E 29/12/15 £873.9m, Pre-Tax Profit £246.4m and Shareholders' Funds £206.9m) for a term of 10 years from 25th January 2016 (in occupation since 1990 - renewal of a previous lease) at a current rent of £13,250 per annum exclusive.
Rent Review 2021
Tenant's Break 2021 (Tenant to pay 3 month rent penalty if Break is operated).
Note 1: The tenant uses the first floor Offices to train staff for their branches in the Greater Manchester area.