Lot
008
Auction: April 2022 Online Auction 27/04/2022

Industrial Units 1-7, Melbourne Street, Moston, Manchester, Greater Manchester M9 4EH

Property Details
Location
Description
An industrial investment opportunity comprising a freehold site extending to approximately 0.14 hectares (0.35 acres) and housing seven separate industrial units, all of which are let and producing an annual income of approximately £32,000. One of the units has been converted into a residential flat whilst the remaining six units are let to individual occupiers, many of who have been in occupation for a number of years. Plans have been drawn previously for the residential re-development of the site subject to planning.
Location
The site fronts onto Melbourne Street close to its junction with Moston Lane 3.5 miles north of Manchester. The immediate surrounding area is mainly residential within close proximity to a variety of amenities available in Moston and Harpurhey.
Approx Site Area
Approximatley 0.14 Hectares (0.35 Acres).
Tenure
Unknown
Planning
Interested parties should consult direct with the Local Planning Authority: Manchester City Council, Manchester, M60 2LA. Telephone: 0161 234 5000.
Tenancy
We are advised that the 6 of the units are let by way of licence with a new shorthold tenancy contract being in place for unit 1. The majority of occupiers have been in for a number of years with no rent increases.

Unit 1 @ £50 p/wk

Unit 2 @ £90 p/wk expiring 3rd October 2022

Unit 3 @ £100 p/wk expiring 3rd October 2022

Unit 4 @ £50 p/wk expiring 3rd October 2022

Unit 5 @ £50 p/wk expiring 3rd October 2022

Unit 6 @ £105 p/wk expiring 1st January 2023

Unit 7 @ £165 p/wk expiring March 2023
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH APRIL AND CLOSES ON WEDNESDAY 27TH APRIL.

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