Restaurant/cafe for sale in Wilmslow Road, Manchester M20

Offers over £1,800,000 (£255.07/sq. ft)
Restaurant/cafe for sale 7,057 sq. ft*
Interested in this property? Call +44 161 506 9966 * or Request Details

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Property description

Location


The property is situated in a prime position along Wilmslow Road in Didsbury Village, one of South Manchester’s most popular and affluent areas.

Manchester City Centre is located approximately 5 miles to the north, and the immediate area boasts excellent transport links, being around 1 mile from junction 3 of the M60 and junction 1 of the M56 Motorway. Didsbury, Cheadle, Wilmslow and Stockport are all within easy reach of the property, as is Manchester Airport which is around 6 miles away. Additionally, regular bus services run along Wilmslow Road linking South Manchester to the City Centre and the property is just a short walk away from Didsbury Metro station.

Wilmslow Road benefits from several national operators including Barclays Bank, Café Nero, Costa, M&S Food, Boots and hsbc, but is also home to a number of local independent shops, cafes and restaurants.


VAT


We understand that VAT is applicable to this sale.


Tenure


Freehold.


Accommodation


As measured on a net internal area basis (nia) for the commercial accommodation and a gross internal area basis (gia) for the residential accommodation in accordance
with the RICS Property Measurement 1st Edition : -

Commercial (Sq M) (Sq Ft) Tenant Rent pa Business Rates EPC Rating Comments
747-749 Wilmslow Road 243.2 2618 Burger Restaurant £60,000 £61,500 E (113) 6 year effective Fri terms, without break and with rent
review at end of year 3
751 Wilmslow Road 95.4 1027 Italian Pizzeria £30,000 £29,500 E (113) 6 year effective Fri terms, with break option and with
rent review at end of year 3

Residential (Sq M) (Sq Ft) Tenant Rent pa Council Tax EPC Rating Comments
Flat 1,747 Wilmslow Rd 48 517 AST £7,140 Band A D (63) 1 bedroom flat
Flat 2,747 Wilmslow Rd 49 527 AST £7,440 Band A E (50) 1 bedroom flat
Flat A, 749 Wilmslow Rd 110 1,184 AST £11.940 Band B D (67) 4 bedroom duplex flat
Flat B, 751 Wilmslow Rd 110 1,184 AST £11,940 Band B D (67) 4 bedroom duplex flat

total £128,460


Description


The property is an attractively presented three-storey parade of units of brick construction under a new pitched slate roof, which spans across three properties.The ground floor units are accessed from Wilmslow Road, while the flats above are accessed via separate secure access to the rear. Above 747 Wilmslow Road are 2 one-bedroom flats, while there are 2 four-bedroom flats above 749 and 751 Wilmslow Road respectively.

The three commercial units are occupied and producing £90,000 per annum. 747-749 Wilmslow is let and trading as ‘Gourmet Burger Inc.’ on a 6 year effective Fri lease without break option from 22nd July 2019, with an upward only rent review at the end of the 3rd year. 751 Wilmslow Road is let on a 6 year effective Fri lease at £30,000 per annum, with an upward only rent review and break option at the end of the third year to an independent operator opening up an Italian wood fire pizzeria from 4th March 2020.

The four residential flats are currently occupied on AST agreements producing £38,460 per annum and benefit from gas central heating, double glazing and private rear
entrances.


Legal costs


Each party will be responsible for their own legal costs.


Sale price


Offers in excess of £1,800,000 are invited for the freehold. Alternatively the property could be split and sold separately as follows:

747-749 Wilmslow Road including flats over -
£1,250,000

751 Wilmslow Road including flat over -
£650,000

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Gifford Dixon, M20 on +44 161 506 9966 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gifford Dixon, and do not constitute property particulars. Please contact Gifford Dixon for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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