Property Details
Pugh Auctions
Lot 034
Lot 034
Auction: June 2018

6-10 Bethel Street, Heywood, Lancashire, OL10 1HU

Property Details
Location

The property is located in an established town centre position at the junction of Bethel Street & Fox Street and is accessed from the main retail section of Market Street (A58). The M62 motorway is around 4 miles to the south.

Description

To be offered by auction. Freehold town centre commercial property which includes a two storey warehouse / office premises which is to be sold subject to a new 15 year lease to Funeral Partners Limited at a commencing rent of £35,022 per annum, the property includes a surfaced car park for approximately 17 cars plus a two storey detached office which is sold with vacant possession.

Accommodation

We detail below the following accommodation and approximate gross internal floor areas:

6 Bethel Street (Vacant Detached Office)
Ground Floor:
52 sq m
560 sq ft
First Floor:
61 sq m
656 sq ft
Total:
113 sq m
1,216 sq ft
8-10 Bethel Street (Occupied by Funeral Partners Limited)
Two story warehouse/office:
542 sq m
5,837 sq ft

Outside

Surfaced & lined car park for 17 cars plus circulation and access areas.

Approx Site Area

Approximately 0.1 Hectare (0.25 Acres)

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

8-10 Bethel Street is sold subject to a new 15 year lease from completion of the sale, the lease is granted to Funeral Partners Limited (Company Number 06276941) at a commencing rent of £35,022 per annum. The lease is subject to a 10 year option to break for the tenant and subject to a 5 year rent review clause.

General

1. The lease to Funeral Partners Limited is a sale and leaseback arrangement.
2. The last 3 years worth of accounts for Funeral Partners Limited is available within the legal pack.
3. Funeral Partners Limited showed an EBITDA result for the financial year end 2016 of £11,128,000.

Property Location Address:
6-10 Bethel Street,
Heywood,
Lancashire,
OL10 1HU
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Auction Details
Auction: June 2018 Date: 7th June 2018 Lot Number: 034 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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