Property Details
Pugh Auctions
Lot 046a
Lot 046a
Auction: February 2017

73-85 Church Street, Littleborough, Rochdale, Lancashire, OL15 8AB

Property Details
Location

The property is located in Littleborough town centre fronting on to Church Street (A58) and close to the junction with Morgan Street. Littleborough railway station is approximately 200 metres to the south east.

Description

Town centre located retail & residential ground rent investment which contains 6 individual leases, 5 of which are for terms of 250 years. The main building 83-85 Church Street contains two ground floor retail units and three upper floor residential apartments which have all been sold off on separate ground leases and each giving a rent of ú125 per annum (ú625 in total). The sixth lease contains a row of 5 retail units on a single lease with a rent of ú16 per annum.

Tenure

Freehold.

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

83 Church Street- Retail Unit- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85 Church Street- Retail Unit- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85A Church Street- Residential- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85B Church Street- Residential- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85C Church Street- Residential- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 73-81 (Odd) Church Street- Is let by way of a 999 year lease (Less 10 days) from 1st November 1952 at a rent of ú16 per annum. Total Rental Income- ú641 per annum

General

1. We understand the current vendor manages an annual service charge / sinking fund in relation to the building 83 - 85 Church Street. Full details to be provided in the legal pack. 2. 73 Energy Performance Certificate = C 3. 83-85 Energy Performance Certificate = G

Addendum

83 Church Street- Retail Unit- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85 Church Street- Retail Unit- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85A Church Street- Residential- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85B Church Street- Residential- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 85C Church Street- Residential- Is let by way of a 250 year lease from 1st November 2009 at a rent of ú125 per annum. 73-81 (Odd) Church Street- Is let by way of a 999 year lease (Less 10 days) from 1st November 1952 at a rent of ú16 per annum. Total Rental Income- ú641 per annum

Property Location Address:
73-85 Church Street,
Littleborough,
Rochdale,
Lancashire,
OL15 8AB
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Auction Details
Auction: February 2017 Date: 21st February 2017 Lot Number: 046a Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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