Freehold Vacant Commercial Opportunity and Residential Ground Rent
Comprises Ground and Basement commercial premises with residential upper floors (sold off)
Approximate Commercial Floor Area of 185.54 sq m (1,996 sq ft)
Prominent frontages onto Corporation Street and Market Street
Opposite Clarendon Square Shopping Centre
VAT Free Investment
Lot 33
Auction 15th February 2024
Rent £100 per Annum Exclusive plus VACANT POSSESSION of Ground and Basement
Status Sold
Price £104,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles south-east of Manchester City Centre, 27 miles west of Sheffield
Roads
A560, M67 (Junction 3)
Rail
Hyde Central Railway Central
Air
Manchester Airport
Situation
The property is located in the heart of the town centre occupying a prominent position on the corner of Corporation Street and Market Street, directly opposite the Clarendon Square Shopping Centre which houses tenants such as Superdrug, Costa Coffee, Vodafone, Greggs and EE.
Tenure
Freehold.
Location
Miles
7 miles south-east of Manchester City Centre, 27 miles west of Sheffield
Roads
A560, M67 (Junction 3)
Rail
Hyde Central Railway Central
Air
Manchester Airport
Situation
The property is located in the heart of the town centre occupying a prominent position on the corner of Corporation Street and Market Street, directly opposite the Clarendon Square Shopping Centre which houses tenants such as Superdrug, Costa Coffee, Vodafone, Greggs and EE.
Tenure
Freehold.
Description
The property comprises a former bank premises arranged over ground and basement floors together with residential accommodation on the first and second floors accessed via the ground floor, which has been sold off on a long lease.
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 former bank premises arranged over ground and basement floors together with residential accommodation on the first and second floors accessed via the ground floor, which has been sold off on a long lease.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground Basement
Retail Ancillary
124.00 61.54
(1,334) (662)
VACANT POSSESSION
Part Ground/First/Second
Residential
-
-
INDIVIDUAL
125 years from 16/10/2006
£100
Total Approximate Commercial Floor Area
185.54
(1,996) (1)
£100
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
