Property Details
Pugh Auctions
Lot 065
Lot 065
Auction: July 2017

145-151 Princess Road, Manchester, Greater Manchester, M14 4RE

Property Details
Location

The property is prominently positioned fronting onto Princess Road (A5103) within a neighbourhood shopping parade. Princess Road is one of the main arterial routes into Manchester city centre which lies approximately 1< miles to the north.

Description

Ground floor triple fronted retail unit, the accommodation is laid out as sales area, storage and WC to the rear. The property is sold subject to a single business tenancy.

Accommodation

We detail below the following accommodation and approximate net internal floor areas: Ground Floor: Sales Area 135 sq m (1,452 sq ft) Store 72 sq m (775 sq ft) Rear Store & WC 15 sq m (161 sq ft) Total: 222 sq m (2,388 sq ft)

Tenure

The property is held by way of a 999 year internal repairing lease with effect from 30th May 2007 at a peppercorn rent. The landlord is to insure the building and reclaim via an insurance rent and is responsible for maintaining the structure and exterior

Planning

Interested parties should consult direct with the Local Planning Office, Manchester City Council, Town Hall, Albert Square, Manchester, M60 2LA. Tel: 0161 234 5000, Fax: 0161 236 5909.

Tenancy

The property is sold subject to a 10 year FRI lease granted to 4 individuals from 1st January 2015 at a current rent of ú1,800 pcm (ú21,600 per annum). The lease allows for a 1st rent review on the 1st July 2017 which is currently outstanding and a 3 yearly rent review pattern thereafter. The tenants have an option to break the lease in year 3.

General

Energy Performance Certificate = B.

Addendum

The property is sold subject to a 10 year FRI lease granted to 4 individuals from 1st January 2015 at a current rent of ú1,800 pcm (ú21,600 per annum). The lease allows for a 1st rent review on the 1st July 2017 which is currently outstanding and a 3 yearly rent review pattern thereafter. The tenants have an option to break the lease in year 3.

Property Location Address:
145-151 Princess Road,
Manchester,
Greater Manchester,
M14 4RE
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Auction Details
Auction: July 2017 Date: 18th July 2017 Lot Number: 065 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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