From
£245,000
(£271.02/sq. ft)
Retail premises for sale32 School Road, Sale M33
904 sq. ft
Freehold
About this property
Ground floor Oxfam investment
Oxfam holding over
Uppers sold off 999 year Long Leasehold on a peppercorn (recoverable service charge)
Passing Rent £18,750 pax
Freehold
Niy 7.5%
Non VAT Property
Description
Sale is a popular and affluent South Manchester suburb located 5 miles south west of the city centre, with excellent road and Metrolink connections providing direct access to Manchester in around 10 minutes.
The redevelopment of Stanley Square has transformed the town centre’s retail and leisure offering, increasing footfall and enhancing Sale’s appeal as a place to live, shop, and socialise. Sale was also named one of The Sunday Times’ best places to live in 2023.
The property forms part of a terrace of mixed-use retail and residential buildings dating from the early 19th century, constructed with brick elevations beneath a pitched slate roof.
The accommodation comprises a ground floor retail unit with a traditional double-glazed shopfront, fitted to a retailer’s specification, with WC and kitchen facilities to the rear. The property also benefits from electric heating.
Tenure
The property is held freehold.
Tenancy
The property is let to Oxfam by way of a 10 year Fri lease for a period of ten years expiring 8th April 2023. The tenant is holding over.
Services
The property is connected to electricity and water services. The utilities are the direct responsibility of the tenant.
Business Rates
The occupier is directly responsible. The current rv is £16,250
Aml Regulations
In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.
Sale is a popular and affluent South Manchester suburb located 5 miles south west of the city centre, with excellent road and Metrolink connections providing direct access to Manchester in around 10 minutes.
The redevelopment of Stanley Square has transformed the town centre’s retail and leisure offering, increasing footfall and enhancing Sale’s appeal as a place to live, shop, and socialise. Sale was also named one of The Sunday Times’ best places to live in 2023.
The property forms part of a terrace of mixed-use retail and residential buildings dating from the early 19th century, constructed with brick elevations beneath a pitched slate roof.
The accommodation comprises a ground floor retail unit with a traditional double-glazed shopfront, fitted to a retailer’s specification, with WC and kitchen facilities to the rear. The property also benefits from electric heating.
Tenure
The property is held freehold.
Tenancy
The property is let to Oxfam by way of a 10 year Fri lease for a period of ten years expiring 8th April 2023. The tenant is holding over.
Services
The property is connected to electricity and water services. The utilities are the direct responsibility of the tenant.
Business Rates
The occupier is directly responsible. The current rv is £16,250
Aml Regulations
In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.
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Monthly repayment
£1,225 per month
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