Parkland Hotel, Collyhurst Street, Collyhurst Village, Manchester, Greater Manchester, M40 8LJ
The property is located on Collyhurst Street in an established residential position which is accessed from Oldham Road (A62). Manchester City Football Stadium is around 1.5 miles away and Manchester city centre is approximately 3 miles to the south west.
To be offered by Auction. Detached two storey (plus basement) residential hostel premises which comprises 31 letting rooms plus managers accommodation. The whole of the property is being sold subject to a business tenancy at a rent of £40,000 per annum. The overall site area is approximately 0.3 Hectares (0.7 Acres).
Entrance Hallway, Office, Lounge/Dining Room (x2), Bar/Games Room, Male & Female W/C's, Rear Hall, 12 Letting Rooms (All En Suite), Shared Kitchen Areas and Self Contained Managers Accommodation
Landing, 8 Letting Rooms (All En Suite), 6 Further Letting Rooms, Kitchen and 2 Bathroom/Shower Rooms
Landing, 2 Letting Rooms (All En Suite), 3 Further Letting Rooms, Kitchen and 1 Bathroom/Shower Room
|Basement:||Boiler Room, Laundry and Other Storage Areas|
Hardstanding car parking areas plus gated rear service yard with storage areas plus garden areas.
Approximately 0.3 Hectares (0.7 Acres)
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.
- The whole of the property is let by way of a 15 year FRI lease granted to Tanehope Limited (Company Number 02076817) from 31st March 2006 at a current rent of £40,000 per annum. The lease is subject to a 5 yearly upwards only rent review clause.
1. The property is held leasehold for a term of 999 years from 20th December 1938 at a ground rent of £100 per annum.
Buyers should note that the incorrect Special Conditions were uploaded to the electronic auction pack. The correct Special Conditions and have been uploaded as at tab 3 on 16 April 2018 (the "New Conditions"). Buyers will be buying based on the New Conditions and NOT the Special Conditions which were uploaded on 4 April 2018. Buyers should be aware that in accordance with clause 8.9 of the special conditions, the level of arrears currently stand at £173,133.15. Buyers are advised to take independent legal advice on the New Conditions. The rent arrears are not being passed on to the buyer of the property.
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