Retail Property (high street) for sale

80 Deansgate

£250,000

Property Description

Key features

  • Town centre retail investment
  • Let to Photograhpic Retail 2008 Ltd T/as Max Spielmann
  • Lease expires 5th April 2020
  • Passing rent of 22,850 per annum
  • Let on FRI terms - subject to Tenants Schedule of Condition
  • Located close to McDonalds, Nationwide and Cafe Nero
  • Arranged over 3 floors
  • Public car parking to rear
  • Walking distance of the Market Place Shopping Centre
  • Sale price: 250,000 - representing a N.I.Y of 9% assuming standard purchaser's costs

Full description

Location
The property is situated on the northern side of Deansgate on the
non-pedestrianised section and on the corner of Ridgeway Gates.
This is diagonally opposite Beales Department Store and one shop
removed to the left of McDonalds. The building backs onto a charity
shop and is very close to a surface public car park.
The Market Place Shopping Centre is approximately 250 yards east.
Description
The property comprises a corner three storey structure, being
attached to the building to the right. The building also adjoins the
building to the rear, (8-10 Ridgeway Gates). The building appears to
be of framed construction with brick or tiled infill elevations and a flat
roof. The frontage of the upper floors is set back from the ground
floor.
The ground floor is used almost entirely for retailing, with the first floor
ancillary storage and the second floor for staff facilities. The retail
space is fitted to the Tenant’s corporate style. It is finished with a
slightly splayed timber shop front, suspended ceilings and recessed
lighting and tiled flooring. To the rear of the sales space is a
partitioned area, which provides a small ancillary area and double
loading doors to the side elevation.
The shop has comfort cooling and portable electric heaters upstairs.
The upper floors are of basic decorative finish, providing a single
storeroom on the first floor and a staff/store room, plus W.C. on the
second floor. The upper floor windows are single glazed set within
metal frames.
The right hand side of the rear of the building, which houses the
staircase between ground and first floors, slightly dog-legs behind the
adjacent property.
Accommodation
We have calculated the following Net Internal Areas in accordance
with the RICS Code of Measuring Practice:
SQ M SQ FT
Ground Floor Retail 60.80 654
First Floor Ancillary 20.94 225
Second Floor 9.63 104
TOTAL 91.37 983
Services
We understand that all mains services are connected to the property.
Please note that none of the service installations or appliances have
been tested.
Rates
Rateable Value: £31,500
Rates Payable: £15,655 (2016/2017)
Interested parties are advised to verify this information with the Local
Rating Authority.
Legal Costs
Each party to be responsible for their own legal costs involved in the
transaction.
Tenure / Lease Terms
The property is let on Full Repairing and Insuring lease terms (subject
to a Tenants Schedule of Condition) for a term of 25 years from 6th
April 1995 expiring on 5th April 2020.
The passing rental is £22,850 per annum.
The Tenant is Photographic Retail 2008 Limited.
EPC
An EPC has been commissioned and a copy will be made available
upon request.
VAT
VAT may be applicable and if so, will be charged at the prevailing rate
Viewing
Strictly by appointment with sole agents, LAMB & SWIFT
COMMERCIAL.
Contact: Nick Swift or Daniel Westwell
Email: nswift@lambandswift.com
dwestwell@lambandswift.com
Website: www.lambandswift.com

More information from this agent

Nearest stations

  • Bolton (0.5 mi)
  • Hall i' th' Wood (1.4 mi)
  • Moses Gate (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lamb & Swift Commercial, Bolton

179 Chorley New Road Bolton BL1 4QZ

01204 299115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bolton (0.5 mi)
  • Hall i' th' Wood (1.4 mi)
  • Moses Gate (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lamb & Swift Commercial, Bolton

179 Chorley New Road Bolton BL1 4QZ

01204 299115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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