228-230 Wilmslow Road Fallowfield Manchester M14 6LE

228-230 Wilmslow Road
Fallowfield
Manchester
M14 6LE

Freehold Retail and Residential Investment

Retail let to Lloyds Pharmacy Ltd until 2020 (subject to option)
Includes a 6 bedroom flat currently let at only £34.61 per room per week
Opposite Manchester University’s major Fallowfield campus
Busy student location
Active management potential

Lot
29
Auction
22nd May 2014
Rent
£31,300 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Retail let to Lloyds Pharmacy Ltd until 2020 (subject to option)
Includes a 6 bedroom flat currently let at only £34.61 per room per week
Opposite Manchester University’s major Fallowfield campus
Busy student location
Active management potential

Lot 29
Auction 22nd May 2014
Rent £31,300 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 2 miles from Manchester city centre; 17 miles north of Macclesfield; 39 miles east of Liverpool
Roads: M60, A6, A34
Rail: Levenshulme Railway Station, Manchester Piccadilly
Air: Manchester International Airport, Liverpool John Lennon Airport

Situation

The property is situated in a busy student area directly opposite the major Fallowfield campus, the largest of the university’s residential campuses. Manchester University has 39,000 full time students, the largest in the UK, a substantial proportion of which reside at Fallowfield, ‘the student suburb of Manchester’.
The property is located two miles south of the city centre and benefits from excellent communication links. Neighbouring occupiers include Domino’s Pizza and the Premier Convenience Store.

Tenure

Freehold.

Location

Miles: 2 miles from Manchester city centre; 17 miles north of Macclesfield; 39 miles east of Liverpool
Roads: M60, A6, A34
Rail: Levenshulme Railway Station, Manchester Piccadilly
Air: Manchester International Airport, Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor double fronted retail accommodation and a self-contained 6 bedroom maisonette on the upper floors. The maisonette is accessed from the rear of the property. The retail tenant also occupies the adjacent property which does not form part of the property being offered for sale.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Basement	Pharmacy Ancillary	05.63 sq m 39.67 sq m	(1,137 sq ft) (427 sq ft)	LLOYDS PHARMACY LTD (1)(2)	15 years from 01/01/2006 until 31/12/2020 (3)	£20,500	01/01/2016
First & Second	Residential	6 Bedrooms		INDIVIDUALS	Assured Shorthold Tenancy from 19/12/2013 until 30/06/2014	£10,800
Totals		145.28 sq m	(1,564 sq ft)			£31,300

(1) Lloyds Pharmacy Ltd was incorporated in 1963 and operate from over 1,650 pharmacies nationwide and employ around 17,000 staff (www.lloydspharmacy.com)
(2)For the year ending 31st December 2013, Lloyds Pharmacy Ltd reported a turnover of £ 1,720,857,000, pre-tax profits of £17,967,000 and a total net worth of £54,994,000. (Source: www.riskdisk.com 22/04/2014)
(3)The lease provides a tenant option to determine the lease on 1st January 2016 on giving 9 months’ notice.