The property forms part of Quays Campus Retail Development in Salford Quays, 2 miles from Manchester City Centre. The property occupies a prominent corner location on Trafford Road (A5063), at its junction with Orsdall Lane (A5066), in a predominantly mixed use area. The property lies opposite a new residential development and is a short distance from The Ramada and Etap Hotels, as well as a number of office developments. Nearby occupiers include Subway, Shell Petrol Station and Nisa Convenience Store.
Tenure
Long Leasehold. Held from Salford College for a term of 150 years from 20th March 2003 at a peppercorn rent.
Location
Miles
2 miles west of Manchester, 10 miles south-east of Bolton, 33 miles east of Liverpool
The property forms part of Quays Campus Retail Development in Salford Quays, 2 miles from Manchester City Centre. The property occupies a prominent corner location on Trafford Road (A5063), at its junction with Orsdall Lane (A5066), in a predominantly mixed use area. The property lies opposite a new residential development and is a short distance from The Ramada and Etap Hotels, as well as a number of office developments. Nearby occupiers include Subway, Shell Petrol Station and Nisa Convenience Store.
Tenure
Long Leasehold. Held from Salford College for a term of 150 years from 20th March 2003 at a peppercorn rent.
Description
The property comprises two ground floor retail units which form part of a retail parade. The properties benefit from on-site car parking spaces at the rear for six cars.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units which form part of a retail parade. The properties benefit from on-site car parking spaces at the rear for six cars.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews
2A
Ground
Hot Food Takeaway (A1 & A5)
105.91 sq m
(1,140 sq ft)
INDIVIDUALS (t/a Aadams Authentic Grill and Kebab) (1)
20 years from 22/05/2013 until 21/05/2033 on a full repairing and insuring lease (2)
£23,500
21/05/2018 21/05/2023 21/05/2028
2B
Ground
Hot Food Takeaway (A1 & A5)
85.47 sq m
(920 sq ft)
25 years from 10/04/2015 until 09/04/2040 on a full repairing and insuring lease (3)
£20,000 (4)
10/04/2020 and five yearly
Totals
191.38 sq m
(2,060 sq ft)
£43,500
(1) Unit 2A is trading as Aadams Authentic Grill and Kebab. Aadams Authentic Grill & Kebab is renowned throughout the Salford Quays area for its divine style and presentation of traditional Grill and Kebab cuisine (Source: aadamsgrillandkebab.co.uk 17/02/2016). (2) The lease provides a tenant’s option to determine on 22/05/2018. (3) The lease provides a tenant’s option to determine on 10/04/2020. (4) For the purpose of clarification, the lease of unit 2B provides a rent free period due to expire on 10th October 2016. The seller has agreed to adjust the completion monies so that the unit will effectively produce £20,000 p.a.x. from completion of the sale.
Contacts
Seller's Solicitors
Thrings LLP Kinnaird House, 1 Pall Mall East London SW1Y 5AU
