Lot 11 Click here for addendum
Retail Investment - Gross Yield 10.1%
6 Week Completion
Situation
Located close to the junction with Cheadle Drive within this established parade which includes Domino's and Co-op as well as a host of independent retailers, all serving the surrounding residential population.
Cheadle Hulme is a popular suburb situated some 8 miles south of Manchester city centre, enjoying easy access to the M60 Ring Road (Junction 2).
Property
A mid terraced building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first floor.
In addition, the property benefits from a rear communal Service Yard for unloading and front lay-by parking.
Accommodation1
| Ground Floor Shop | |
|---|---|
| Gross Frontage | 17'3" |
| Built Depth | 40'9" |
| Area | Approx. 624 sq ft incl. WCs |
| First Floor Ancillary | |
| Area | Approx. 131 sq ft |
| Total Area | Approx. 755 sq ft |
1Not inspected by Barnett Ross. Areas taken from VOA.
VAT is NOT applicable to this Lot
Tenure
Leasehold for a term of 2000 years from 29th September 1987 at a peppercorn ground rent.
Tenancy
The entire property is let on a full repairing and insuring lease to A. U. Rehman (clothing alterations) for a term of 10 years from 4th July 2013 (holding over) at a current rent of £8,600 per annum exclusive.
£2,150 Rent Deposit held.





