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Retail Property (high street) for sale

80 Deansgate

983 sq. ft.

Property Description

Commercial information

  • 983 sq ft (91 sq m)

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

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.

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.

We have calculated the following Net Internal Areas in accordance with the RICS Code of Measuring Practice:

Ground Floor Retail 60.80 sq m (654 sq ft)
First Floor Ancillary 20.94 sq m 225 sq ft)
Second Floor 9.63 sq m (104 sq ft)
TOTAL 91.37 sq m (983 sq ft)

We understand that all mains services are connected to the property. Please note that none of the service installations or appliances have been tested.

Rateable Value: £16,750 (2017 Rating List)

The Standard Uniform Business Rate for the 2017/2018 Financial Year is 0.479 pence in the £, or £0.466 pence in the £ for qualifying small businesses.

Legal Costs
Each party to be responsible for their own legal costs involved in the

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.

An EPC has been commissioned and a copy will be made available upon request.

VAT may be applicable and if so, will be charged at the prevailing rate

Strictly by appointment with sole agents, LAMB & SWIFT COMMERCIAL.
Contact: Nick Swift or Daniel Westwell

More information from this agent

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