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.
We understand that VAT is applicable to this sale.
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
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
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 commercial units are occupied and producing £60,000 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.
The three residential flats over are currently occupied on AST agreements producing £26,520 per annum and benefit from gas central heating, double glazing and private rear entrances.
Each party will be responsible for their own legal costs.
Guide price of £1,250,000 for the Freehold compromising 747-749 Wilmslow Road