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THIS PROPERTY IS NO LONGER AVAILABLE

For Auction
Bury New Road, Whitefield, Manchester, M45

£600,000
  • Property at Bury New Road, Whitefield, Manchester
  • Property at Bury New Road, Whitefield, Manchester
  • Property at Bury New Road, Whitefield, Manchester
  • Property at Bury New Road, Whitefield, Manchester

Full Description

View this property on a map Main road fronting commercial mixed used investment property located in popular location.

The lot on offer is a refurbished mixed use bar/restaurant and office building with car park to the rear.

Superb opportunity for rental growth and future development STP.

Notice

Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction

You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.

Overview

The property comprises a fully refurbished former public house which has been converted to a restaurant on the ground floor with self contained offices above. The property has the benefit of a recently refitted roof.

The ground floor restaurant has been fitted out to a high standard and benefits from tiled flooring, plastered walls and ceilings, modern lighting, gas central heating, a fully fitted bar, kitchen and WC facilities.

The first floor offices have again been fitted out to a high standard and benefit from laminate wood effect flooring, exposed brickwork and character wood roof trusses, plastered walls and ceilings, intercom, modern lighting, gas central heating and WC/kitchen facilities.

Externally, there is a car park to the rear of the property.

Details

As measured on a gross internal basis in accordance with the RICS Property Measurement 1st Edition the areas are as
follows:
Ground Floor 183.14m2 (1,971 sq ft)
First Floor 110.54m2 (1,190 sq ft)
Total 293.68m2 (3,161 sq ft)
Basement: Not measured

Possession

The ground floor/basement are let to two private individuals t/a Northern Crafthouse on a 10 year lease from 1 August 2016 at £50,000 per annum (www.northerncrafthouse.co.uk). There is a rent review at 5 years. The lease is drafted on effective full repairing and insuring terms. The first floor offices are currently let on a temporary basis to Sunnybank Plastering until September 18. There is a proposed new Tenant from September 2018 at a rent of £16,200 with a lease on a formal basis with a three year term. All lease details will provided in the online legal pack.

Notes

EPC rating C. VAT is payable on the purchase price.

Who, When, Where?

Edward Mellor Auction
Monday 17 September - Registration 12 noon
A J Bell Stadium, 1 Stadium Way, Salford, M30 7EY

Important Notice

Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction
You must not bid unless you have made yourself fully aware of the auction process.
If you require help with this, please contact a member of the auction team.

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