Property Details
Pugh Auctions
Lot 010
Lot 010
Auction: February 2019

73 Yorkshire Street, Rochdale, Lancashire, OL16 1DB

Property Details
Location

The property is located in a prime town centre retail location fronting on to the pedestrianised section of Yorkshire Street in close proximity to the entrances to the Wheatsheaf Shopping Centre and the Rochdale Exchange Shopping Centre. The towns railway station is approximately 0.5 miles to the south.

Description

Three storey fully let prime located town centre commercial investment which comprises a ground floor retail unit plus separately accessed & self contained 1st & 2nd floors which are used as a hair & beauty salon, the total current rent reserved is £11,400 per annum which rises to £12,000 from October 2019.

Accommodation

We detail the following accommodation and floor areas taken from the VOA website:

Ground Floor
Retail Unit- 42 sq m (452 sq ft)
First Floor
Office- 45 sq m (484 sq ft)
Second Floor
Offices, Staff Areas & W/C's- 51 sq m (549 sq ft)
Total
138 sq m (1,485 sq ft)

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

The ground floor retail unit is let to an individual by way of a 7 year lease from 29th April 2015 at a rent of £8,400 per annum. The lease is subject to tenants option to break the lease on 29th April 2020. The first & second floors are let to an individual by way of a 5 year lease from 1st October 2017 at a current rent of £250 pcm (£3,000 per annum) which rises to £300 pcm (£3,600 per annum) from 1st October 2019. The tenant has a rolling 6 month break option.

General

1. The deposit for this lot must be paid in cleared funds only and Pugh & Co. will not accept cheques as a method of payment.
2. Energy Performance Certificate = D
3. The ground floor and the first & second floor are separately assessed for business rates & both qualify for small business rates relief. The RV of the ground floor is £8,600 per annum & the first & second floors is £5,200 per annum.
4. Please see link below for some details of activities in Rochdale:

http://www.rochdale.gov.uk/planning-and-building/regenerating-the-borough

http://www.rochdaleexchange.co.uk/images/2191-Regen_A4_6pp_WEB_NOV_14.pdf

Property Location Address:
73 Yorkshire Street,
Rochdale,
Lancashire,
OL16 1DB
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Auction Details
Auction: February 2019 Date: 19th February 2019 Lot Number: 010 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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