Property Details
Pugh Auctions
Lot 022b
Lot 022b
Auction: April 2019

1-5 York Street & 2-6 Queen Street, Heywood, Greater Manchester, OL10 4NW

Property Details
Location

The property is located at the junction of York Street (A58) & Queen Street in a prominent town centre position. Rochdale town centre is approximately 4 miles to the east and Bury town centre 5 miles to the west.

Description

Freehold detached town centre located fully let retail & residential investment with a current rent reserved of £34,280 per annum with fixed rent increases in the lease for the retail unit . The property comprises a ground & basement level retail unit which is let to Millercare plus 3 self contained & separately accessed residential flats which are let on long term AST agreements (2 x 2 bedroom & 1 x 1 bedroom). The property also contains an enclosed surfaced car park for 8 cars.

Accommodation

We detail below the following accommodation taken from the VOA website & provided by the vendor:
1-5 York Street (Retail Unit)
Ground Floor- Sales, Staff Areas & Storage- 140 sq m (1,506 sq ft)
Basement- Storage- 83 sq m (893 sq ft)
Total- 223 sq m (2,399 sq ft)
2 Queen St (Residential)- Two Bedroom Flat
4 Queen St (Residential)- One Bedroom Flat
6 Queen St (Residential)- Two Bedroom Flat

Outside

Separate access points to both retail and residential elements, surfaced and fenced enclosed car park for around 8 cars.

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: [email protected]

Tenancy

1-5 York Street (Ground & Basement)- Is let to Millercare Limited (Company number 02794532) by way of a 10 year FRI lease from April 2017 at a current rent of £17,000 per annum which rises to £18,000 per annum in April 2019, £18,540 per annum in April 2020 and £19,060 per annum in April 2023, £19,669 in April 2026. The tenants have an option to break the lease in April 2022. 2 Queen Street- Is let by way of a 5 year AST agreement from June 2017 at a rent of £495 pcm (£5,940 pa and granted to Newbarn Limited. 4 Queen Street- Is let by way of a 5 year AST agreement from June 2017 at a rent of £450 pcm (£5,400 pa) and granted to Newbarn Limited. 6 Queen Street- Is let by way of a 5 year AST agreement from June 2017 at a rent of £495 pcm (£5,940 pa) and granted to Newbarn Limited.

General

1. Energy Performance Certificate 1-5 York Street = D

Property Location Address:
1-5 York Street & 2-6 Queen Street,
Heywood,
Greater Manchester,
OL10 4NW
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Auction Details
Auction: April 2019 Date: 9th April 2019 Lot Number: 022b Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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