131-135 Sankey Street, Warrington, Cheshire, WA1 1NN

part vacant mixed town centre commercial and residential investment currently producing £33,800 per annum

Location

The property is situated on Sankey Street within Warrington town centre, close to its junction with Dixon Street. Access to Sankey Street is from Liverpool Road (A5061).

Description

Predominantly three storey property, which is configured as restaurant premises to the basement, ground floor and part of the first floor. The remainder of the property to the first and second floors was previously used as residential accommodation, containing a mixture of bedsits and flats. The residential accommodation benefits from a separate entrance and is in need of refurbishment.

Accommodation

Pugh and Company have not inspected the restaurant premises and the following details have been obtained from the VOA website: 
Basement:   
Storage  129.60 sq m  (1,395 sq ft) 
Ground Floor: 
Restaurant  193.21 sq m  (2,080 sq ft) 
Kitchen  43.40 sq m  (467 sq ft) 
First Floor: 
Storage  87.70 sq m  (944 sq ft) 
 
Prior to the Receivers involvement we understand there were  
7 occupiers to the upper floors, interested parties should rely on their own enquiries and inspection as to the extent of the accommodation available. 
First Floor:  Residential 
Second Floor:  Residential 

Tenure

Part freehold and part long leasehold for a term of 950 years from the 25th March 1907.

Planning

The property is considered to have development potential subject to obtaining the necessary consents. Interested parties should consult direct with the Local Planning Office. Warrington Borough Council, New Town House, Butter Market Street, Warrington, WA1 2NH. Tel. 01925 442819.

Tenancy

The basement, ground floor and part of the first floor is let to  

Milad and Nehar Miah for a term of 15 years from 29th April 2009 at an initial rent of £33,800 per annum. There is a rent review on the  

28th April 2012 and every third anniversary of that date. 

Solicitors

Hill Dickinson Solicitors, No 1 St Pauls Square, Liverpool, Merseyside, L3 9SL.
Tel: 0151 600 8787. Fax: 0151 600 8001. E-mail: richard.palmer@hilldickinson.com.
Contact: Mr Richard Palmer.

Joint Agent

DTZ, 1 Marsden Street, Manchester, M2 1HW.
Tel: 0161 455 3709.
Contact: Mr Michal Skotny.

Addendum

This lot has SOLD PRIOR to the auction.