Retail and Residential Investment Opportunity
Retail and Residential Investment Opportunity
Cheadle Hulme is an affluent commuter suburb of Greater Manchester and only 8.5 miles south of Manchester’s City Centre. The property is situated within a busy neighbourhood parade on the north side of Fountains Road.
Virtual Freehold. Held for a term of 2000 years from 25/03/1989 at a fixed rent of one peppercorn per annum exclusive.
Cheadle Hulme is an affluent commuter suburb of Greater Manchester and only 8.5 miles south of Manchester’s City Centre. The property is situated within a busy neighbourhood parade on the north side of Fountains Road.
Virtual Freehold. Held for a term of 2000 years from 25/03/1989 at a fixed rent of one peppercorn per annum exclusive.
The property comprises ground floor retail accommodation and a 2 bedroom self contained flat on the first floor. The flat is accessed separately at the rear of the property. The property benefits from a lock up single garage.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and a 2 bedroom self contained flat on the first floor. The flat is accessed separately at the rear of the property. The property benefits from a lock up single garage.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review (Reversion) |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 54.78 |
(540) |
BATHROOM PROJECT LIMITED (crn: 10652406) (1) | 10 years from 01/09/2023 | £9,900 |
01/09/2028 (31/08/2033) |
| First | Residential | 59.40 |
(639) (2) |
VACANT POSSESSION | - | - |
|
| Total Approximate Commercial Floor Area | 114.18 |
(1,179) |
£9,900 |
(1) Bathroom Project Limited (CRN: 10652406) were incorporated in March 2017 and for the year ending 31/03/2023 reported Net Assets of £268,931 (unaudited financial statement registered at companies house). The Bathroom Project Limited also trade from the adjoining unit.
(2) The residential floor area stated above are Gross Internal Areas.
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.
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