Property Details
Pugh Auctions
Lot 015
Lot 015
Auction: February 2020

38 Shudehill, Manchester, Greater Manchester, M4 1EZ

Property Details
Location

Shudehill is situated in the heart of the Northern Quarter, arguably one of Manchester's most premier and vibrant City Centre locations. Shudehill metro stop is located directly opposite with the Arndale Shopping Centre a short 2 minute walk away. There are a large number of cafes, bars and bistros all within the immediate vicinity.

Description

A mixed retail and residential freehold development opportunity comprising a ground floor (plus basement) commercial unit, currently let producing an annual income of £36,000 and three upper floors with planning permission to convert into two residential apartments. The three upper floors were formerly used as office accommodation and it would therefore be an option to revert to this use.

Approx Site Area

Approximately 61 sq m (73 sq yds).

Planning

Planning permission was approved on 15th March 2018 to convert the upper floors into 1 x one bedroom apartment and 1 x 2 bedroom duplex apartment with roof garden, planning reference 114276/FO/2016. Interested parties should consult direct with the local planning department, Manchester Council Planning Department, PO Box 532, Town Hall, Manchester, M60 2LA.

Tenancy

The ground floor and basement are let to an individual operating as Dixy Chicken expiring 2nd February 2033 at a current rent of £36,000 per annum. There are 3 yearly rent reviews with the next review being due February 2021.

General

Energy Performance Certificate = D.

Addendum

VAT is payable on 45% of the sale price accounting for the ground floor and basement areas. The ground floor and basement are let to an individual and operating as dixy chicken.

Property Location Address:
38 Shudehill,
Manchester,
Greater Manchester,
M4 1EZ
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Auction Details
Auction: February 2020 Date: 25th February 2020 Lot Number: 015 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Stadium Way,
Manchester,
M30 7EY

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