Restaurant let on a renewed 10 year lease until February 2024 (no breaks)
Includes a two bedroom self-contained residential flat on upper floor (with vacant possession)
Nearby occupiers include Boots, Pizza Express, Piccolino, Superdrug and Costa
Affluent Cheshire suburb
Lot 48
Auction 9th July 2014
Rent £30,000 per Annum Exclusive
Status Sold
Price £422,000
Sector Leisure
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
7 miles north-east of Alderley Edge, 10 miles south of Manchester
Roads
A5102, A34, A6, M60
Rail
Bramhall Rail Station (23 minutes direct to Manchester Piccadilly)
Air
Manchester Airport
Situation
Bramhall is located in the affluent commuter belt of Manchester some 10 miles south of the City Centre. The property is situated in a prominent position on the south side of Moss Lane close to its junction with Woodford Road and Ack Lane East. Nearby occupiers include Boots, Pizza Express, Piccolino, Superdrug and Costa. The Bramhall Shopping Centre is located closeby.
Tenure
Freehold.
Location
Miles
7 miles north-east of Alderley Edge, 10 miles south of Manchester
Roads
A5102, A34, A6, M60
Rail
Bramhall Rail Station (23 minutes direct to Manchester Piccadilly)
Air
Manchester Airport
Situation
Bramhall is located in the affluent commuter belt of Manchester some 10 miles south of the City Centre. The property is situated in a prominent position on the south side of Moss Lane close to its junction with Woodford Road and Ack Lane East. Nearby occupiers include Boots, Pizza Express, Piccolino, Superdrug and Costa. The Bramhall Shopping Centre is located closeby.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor restaurant with ancillary accommodation on part of the first floor and a self-contained two bedroom residential flat on the remainder of the first floor.
Six Week Completion
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted ground floor restaurant with ancillary accommodation on part of the first floor and a self-contained two bedroom residential flat on the remainder of the first floor.
Six Week Completion
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
Review
Ground Part First
Restaurant Ancillary
212.46 sq m 23.96 sq m
(2,287 sq ft) (258 sq ft)
M A BASIT, S MIAH & G J SINGH (t/a Amans Restaurant)
10 years from 13/02/2014 until 2024
£30,000 (1)
13/02/2019
Part First
2 Bedroom Flat
53.40 sq m
(575 sq ft)
VACANT POSSESSION
Total Commercial Area
289.82 sq m
(3,120 sq ft)
£30,000 (1)
(1) The lease provides for a rent free period for 6 months from June 2014. The seller will pay the buyer the rent that would have been due in the absence of the rent free period. Therefore the property will produce £30,000 p.a.x from completion of the sale.
