Retail premises for sale in 9 Deansgate, Radcliffe, Manchester M26

Key Points

Description

The property forms part of a well established parade and comprises a semi detached two storey retail premises located in Radcliffe town centre. Internally the ground floor offers a small sales area. An enclosed staircase is accessed from the rear, leading to the first floor which offers an office/storage room, kitchen and two toilet facilities. The property is made secure by an internal security alarm system and electric security shutter.

Location

The property occupies a prominent main road position at the very heart of Radcliffe Town centre. Being situated in the Town centre, the immediate area also includes a large asda supermarket and Lidl store. Also close by are both the Metrolink and Bus stations together with the Primary Care Health Centre. Immediately to the rear of the premises and in other part of the town are a number of Public Car Parks offering free parking. The former shopping precinct off the Piazza is soon to be demolished and will be redeveloped by the Local Authority following which the other retail block opposite will then be redeveloped all of which will help regenerate the Town centre and add value.

Terms

The property is offered for sale on a long leasehold basis for the residue of a 999 year lease, subject to a nominal annual ground rent charge. The property is currently occupied by a tenant who trades as a privately operated garment alteration, laundry and dry cleaning business. The lease is for a ten year term due to expire 30th April 2031 and incorporates open market rent reviews on 1.5.2024,1.5.2026 and 1.5.2028. The passing rent is £8,500 per annum. The lease is excluded from the Landlord and Tenant Act 1954.

Legal Costs

Both parties are to be responsible for their own legal costs incurred in any transaction.

Anti Money Laundering

In accordance with Anti-Money Laundering Regulations, evidence of identity and source of funding will be required from the successful purchaser prior to instructing solicitors.