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 Retail Investment

On behalf of a plc
Majority let to Co-Operative Group (CWS) Ltd on a 10 year lease
Approximately 374.16 sq m (4,022 sq ft) with asset management opportunities
Situated in a prominent corner position in a residential area
Includes retail unit available to let

Lot
34
Auction
8th July 2010
Rent
£29,400 per Annum
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

On behalf of a plc
Majority let to Co-Operative Group (CWS) Ltd on a 10 year lease
Approximately 374.16 sq m (4,022 sq ft) with asset management opportunities
Situated in a prominent corner position in a residential area
Includes retail unit available to let

Lot 34
Auction 8th July 2010
Rent £29,400 per Annum
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

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

Situation

The property is prominently situated on the western side of Sutherland Road, at its junction with Argyle Street, some 1.7 miles from Heywood town centre. The property benefits from being situated in a densely populated residential area opposite the Heywood Community High School.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property comprises TWO GROUND FLOOR RETAIL UNITS, one of which, an A5 retail unit, is offered with full vacant possession.

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, one of which, an A5 retail unit, is offered with full vacant possession.

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)		Tenant	Term	Rent p.a.x	Reviews
Ground	Retail	280.28 sq m	(3,017 sq ft)	CO-OPERATIVE GROUP (CWS) LIMITED (1)	10 years from 07/02/2005 on a full repairing and insuring lease	£29,400	06/02/2015
Ground	Retail	93.36 sq m	(1,005 sq ft)	VACANT
Totals		374.64 sq m	(4,022 sq ft)			£29,400

(1)Co-Operative Group (CWS) Ltd is now known as Co-Operative Group Limited. Please note, Co-Operative Group Ltd (Company No. IP00525R) are currently paying the rent. For the year 2009, The Co-Operative Group reported a profit for the year of 160,000,000 and total net assets of 4,523,000,000. (Source: The Co-Operative Group Annual Review 2009)