Co-Operative Food Store 72 - 78 Sutherland Road Heywood Greater Manchester OL10 3PN

Co-Operative Food Store
72 - 78 Sutherland Road
Heywood
Greater Manchester
OL10 3PN

Freehold Convenience Store and Takeaway Investment

Two retail units totally 3,577 sq ft in popular Manchester suburb
Majority let to Co-operative Group Limited on 10 year lease from 2015
Prominent corner position in a densely populated residential area
Opposite new housing development of 154 homes
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
73
Auction
13th October 2016
Rent
£35,400 per Annum Exclusive
Status
Sold
Price
£460,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Interested?

Expand
Photos
Map

Freehold Convenience Store and Takeaway Investment

Two retail units totally 3,577 sq ft in popular Manchester suburb
Majority let to Co-operative Group Limited on 10 year lease from 2015
Prominent corner position in a densely populated residential area
Opposite new housing development of 154 homes
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 73
Auction 13th October 2016
Rent £35,400 per Annum Exclusive
Status Sold
Price £460,000
Sector
Supermarket/Convenience
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 5 miles south-west of Rochdale, 11 miles north of Manchester
Roads: M62, M66
Rail: Bury Bolton Street Rail
Air: Manchester Airport

Situation

The property is prominently situated on the western side of Sutherland Road, at its junction with Argyle Street, some 2 miles from Heywood town centre. The property benefits from being
situated in a densely populated residential area opposite a new development of 154 homes.

Tenure

Freehold.

Location

Miles: 5 miles south-west of Rochdale, 11 miles north of Manchester
Roads: M62, M66
Rail: Bury Bolton Street Rail
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units which currently operate as a convenience store and an A5 takeaway.

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 two ground floor retail units which currently operate as a convenience store and an A5 takeaway.

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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
74, 76 & 78	Ground	Convenience Store	281.59 sq m	(3,031 sq ft)	CO-OPERATIVE GROUP LTD t/a Co-operative Food Store (1) (2)	10 years 07/02/2015 until 06/02/2025 (3)	£29,400	07/02/2020
72	Ground	A5 Takeaway	50.73 sq m	(546 sq ft)	INDIVIDUAL t/a Adam’s	20 years from 18/10/2010 until 17/10/2030	£6,000	18/10/2020 18/10/2025
	Totals		332.32 sq m	(3,577 sq ft)			£35,400

(1) For the year ending January 2016, The Co-operative Group Limited reported a turnover of £9,301,000,000, pre-tax profits of £23,000,000 and a total net worth of £2,006,000,000. (Source: Experian Group 12/09/2016)
(2) The tenant has submitted a licence to assign the lease to Martin McColl Limited. Please refer to the legal pack for further information.
(3) The lease provides for a tenant option to determine on 07/02/2020.