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SOLD STC

401/401a Hollinwood Avenue, Manchester, Greater Manchester, M40 0JQ

Offers in Excess of
£120,000

£144.06 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

833 sq ft

77 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops

A1

Key features

  • Virtual Freehold Betting Office and Residential Ground Rent Investment
  • Arranged as a Ground Floor A1 commercial unit trading as a betting shop and 1 flat sold on long lease
  • Shop let to Ladbrokes Betting & Gaming Limited on a new 10 year lease
  • VAT is NOT applicable to this property
  • Located close to Moston Railway Station in a predominantly residential area
  • Occupiers close by include AG Barr, Londis and a number of independent retailers.

Description

Investment Consideration:
Gross Initial Yield: 9.21%
Rental Income: £11,050 p.a.
VAT is NOT applicable to this property
Shop let to Ladbrokes Betting & Gaming Limited on a new 10 year lease
Shop rent review 2024
Tenure: Leasehold. Held on a lease for 999 years from 25.07.1905 with a fixed ground rent of £3.00 per annum
Located close to Moston Railway Station in a predominantly residential area
Occupiers close by include AG Barr, Londis and a number of independent retailers.

Property Description:
The property is arranged as a Ground Floor A1 commercial unit trading as a betting shop and 1 flat sold on long lease (subject to a lease for a term of 99 years from 01.04.1993).

The property provides the following accommodation and dimensions:
Ground Floor Shop:
Shop: 833 sq ft

Tenancy:
The shop is at present let to Ladbrokes Betting & Gaming Limited for a term of 10 years from 30th September 2019 at a current rent of £11,000 per annum with ground rent for the upper flat of £50 p.a. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring by way of the schedule of conditions.

Location:
Moston is a residential suburb of Manchester, the principal industrial, cultural and commercial centre of the North West, and is located some 3 miles north-east of the City Centre. The property is situated on the south of Hollinwood Avenue, close to the Greengate Roundabout. The City benefits from excellent communications via the M60, M62, M56, M66 and M67 motorways. Moston Station has regular services to Manchester (9 minutes fastest).

Brochures

401/401a Hollinwood Avenue, Manchester, Greater Manchester, M40 0JQ

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Moston Station0.2 miles
  • Failsworth Station1.1 miles
  • Hollinwood Station1.2 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference Moston. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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