Property Details
Pugh Auctions
Lot 063
Lot 063
Auction: February 2018

17 Drake Street, Rochdale, Greater Manchester, OL16 1RE

Property Details
Location

The property is located in an established town centre commercial location fronting on to Drake Street (A6223) in close proximity to the junction with South Parade and Smith Street. The end of the A627 (M) is approximately 3 miles to the south and the town's bus station is located to the rear of the building via River Street.

Description

Three storey town centre retail / office premises which comprises a ground floor retail unit and two separately accessed self contained office suites to the first & second floor. The ground floor and second floor are occupied under leases and the first floor is offered with vacant possession.

Accommodation

The following information has been provided by the joint agent: Ground Floor: Sales, Two Rear Rooms & Staff Areas First Floor: Offices / Salon, Treatment Rooms & Staff Areas Second Floor: Office & Staff Areas Total: 192 sq m (2,066 sq ft)

Outside

Enclosed rear yard plus front entrance & staircase to the upper floors.

Approx Site Area

Approximately 87.520 sq m (104.67 sq yds)

Tenure

The property is held leasehold for a term of 999 year from 1st May 1924 at a fixed ground rent of ú17 per annum.

Planning

Interested parties should consult with the Local Planning Office, Rochdale Borough Council, Floor 3, Number One Riverside, Smith Street, Rochdale, OL16 1XU. Tel: 01706 924387 Email: development.control@rochdale.gov.uk.

Tenancy

The ground floor retail unit is let to an individual by way of a 5 year law society lease from 5th April 2013 at a current rent of ú6,000 per annum. First Floor: Vacant (Previously rented at ú4,200 per annum) Copy Lease in the legal pack. The second floor is let by way of a 3 year lease from 1st March 2017 granted to a limited company at a rent of ú3,675 per annum. Total Rent Reserved: ú9,675 per annum

General

Energy Performance Certificate = C

Property Location Address:
17 Drake Street,
Rochdale,
Greater Manchester,
OL16 1RE
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Auction Details
Auction: February 2018 Date: 20th February 2018 Lot Number: 063 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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