Prominent Freehold Retail and Residential Ground Rent Investment
Shop let to MAS Optic Limited (t/a Altrincham Eyewear Boutique)
Lease expires in January 2040 (no breaks)
Includes two Flats above let on long leases
Highly visible prominent town centre corner position at the junction of Ashley Road and Oxford Road
Nearby occupiers include JD Wetherspoon, Sainsbury's, Starbucks and Vue Cinema
VAT free investment
Lot 7
Auction 16th February 2023
Rent £25,100 per Annum Exclusive
Status Sold
Price £307,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles south-west of Manchester City Centre, 32 miles east of Liverpool
Roads
A56, M6, M56
Rail
Altrincham Train Station
Air
Manchester Airport
Situation
The property is located in a prominent corner position at the junction of Ashley Road and Oxford Road. Goose Green multi-storey car park (approx 500 spaces) is close by, as is a large Sainsbury's supermarket. Other nearby occupiers include JD Wetherspoon, Starbucks and Vue Cinema.
Tenure
Freehold.
Location
Miles
9 miles south-west of Manchester City Centre, 32 miles east of Liverpool
Roads
A56, M6, M56
Rail
Altrincham Train Station
Air
Manchester Airport
Situation
The property is located in a prominent corner position at the junction of Ashley Road and Oxford Road. Goose Green multi-storey car park (approx 500 spaces) is close by, as is a large Sainsbury's supermarket. Other nearby occupiers include JD Wetherspoon, Starbucks and Vue Cinema.
Tenure
Freehold.
Description
The property comprises an opticians arranged on the ground floor and basement. The upper floors comprise two flats let on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises an opticians arranged on the ground floor and basement. The upper floors comprise two flats let on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement
Retail/Ancillary Ancillary
82.43 30.86
(887) (332)
MAS OPTIC LIMITED (t/a Altrincham Eyewear Boutique) (2)
20 years from 10/01/2020
£25,000
10/01/2025 and 5 yearly thereafter
First (2 & 4 Oxford Road)
Residential Flat
-
(-)
AN INDIVIDUAL
999 years from 21/10/2005
£50
-
Second (2 & 4 Oxford Road)
Residential Flat
-
(-)
AN INDIVIDUAL
999 years from 16/09/2005
£50
-
Total Commercial Area
113.29
(1,219)
£25,100
(1) Area provided by VOA (www.voa.co.uk/gov) (2) MAS Optic Limited are an independent, boutique opticians that have over 25 years of service (www.altrinchameyewear.com) NB: The seller has served notices on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987. No acceptance notices have been received from the tenants within the permitted period.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
