37 – 39 Cross Lane, Radcliffe, M26 2QZ

on behalf of Receivers - mixed commercial and residential investment currently producing an annual equivalent income of £9,326

Location

The property is situated on the northern side of Cross Lane (A6053), close to its junction with Park Street. The (A56053) is an arterial road, with Radcliffe town centre being less than ½ mile to the west and Bury town centre is approximately 2 miles to the north.

Description

Mid terraced premises arranged as retail to the ground floor, together with a self contained flat to the first floor.

Tenure

Freehold.

Solicitors

Nexus Solicitors, 16/18 Albert Square, Manchester, M2 5PE.
Tel: 0161 819 4900. Fax: 0161 819 4901. E-mail: lblackburn@nexussolicitors.co.uk.
Contact: Mrs Lucy Blackburn.

Joint Agent

Wignall Brownlow, 334 Deansgate, Manchester, M3 4LY.
Tel: 0161 839 6409.
Contact: Mr Jonathan Brownlow.

Accommodation/Tenancy

Unit    Accommodation  Sq m  (Sq ft)  Tenant  Agreement  Rental 
Ground Floor:  Retail  Sales  31.21  (336)  Coral Bookmakers  10 year lease from 15/12/03  £4826 pa* 
      Canteen Area  11.70  (126) 
      Kitchen  5.57  (60)   
Flat  Kitchen, Living Room, Bathroom and Two Bedrooms  -  Residential  AST  £375 pcm 
*Lease is subject to a rolling tenant break option with six months prior notice. 

Addendum

The correct address of the property is 37-39 Cross Lane, Radcliffe, M26 2QZ. The tenure is long leasehold for a term of 999 years (less 20 days) from 25 March 1871.