Lot 2 details
ON BEHALF OF EXECUTORS
6 Week completion
Occupying a busy trading position opposite NatWest and TSB and amongst other such multiple retailers as Betfred, Santander, Card Factory, Ladbrokes and more, being within close proximity to the Cheetham Hill Shopping Centre.
The property lies approx. 2 ½ miles north of Manchester City Centre and benefits from good road links via the M62, M60 (Junctions 18) and M66 (Junction 4).
A mid terrace building comprising a Ground Floor Shop and Basement with internal access to an Ancillary/Store on the first and second floors. In addition, the property benefits from a metal open tread staircase from the first floor leading to a Rear Yard.
Ground Floor Shop
Gross Frontage 13'6"
Internal Width 13'2"
Shop Depth 32'2"
Built Depth 51'5"
Basement 1 Room (max height 6'3'')
First Floor 3 Rooms Area Approx. 380 sq ft plus Kitchen
Second Floor 1 Room Area Approx. 140 sq ft
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to Akshar Rup Ltd (with personal guarantor) t/a Cake Box (see Note 1) for a term of 15 years from 6th August 2006 at a current rent of £9,000 per annum exclusive.
Rent Review August 2016 (not actioned)
Note 1: The tenant owns 2 of the 72 Cake Box franchise outlets - Visit: www.eggfreecake.co.uk
Note 2: £3,972 Rent Deposit held.
Note 3: The property is subject to a perpetual yearly rent charge of £7.