38 Shudehill, Manchester, Greater Manchester, M4 1EZ
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.
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.
Approximately 61 sq m (73 sq yds).
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.
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.
Energy Performance Certificate = D.
VAT is payable at the prevailing rate on 45% of the sale price payable on completion in addition to the gavel price accounting for the ground floor and basement areas. The ground floor and basement are let to an individual and operating as dixy chicken.
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