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449, 449a Bury New Road and 2 Sherbourne Street, Prestwich M25

Offers in Excess of
£895,000

£298.33 per sq ft

Business rates & charges may apply

LONGDEN & COOK REAL ESTATE LIMITED, Lancashire
SIZE AVAILABLE

3,000-5,000 sq ft

279-465 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A3 Restaurants and Cafes and Class E

A3, E

Key features

  • Excellent investment opportunity
  • Located on a busy and sought after high street
  • Three separate income streams
  • Recently renovated property

Description

The property is an end-terraced commercial building with three self-contained commercial units, all of which have undergone significant refurbishment in recent, years.

The property sits within the heart of Prestwich Village, and on one of North Manchester's most sought after and high performing suburban high streets. It also sits directly opposite the entrance to the Prestwich Village regeneration project. The property is surrounded by a vibrant mix of independent traders and national brands including Gail's Bakery, Rudy's Pizza, and Costa Coffee.

It is located within a one minute drive to junction 17 of the M60 orbital motorway, and within walking distance of Prestwich Metrolink. It is also within walking distances of all of Prestwich Village's shopping amenities to include M&S Foodhall and Aldi.

449 Bury New Road is the corner unit and comprises a large retail area, and with a good-sized storage room to the rear. It has a double basement (beneath 449 and 449a) which includes toilet facilities. It underwent extensive refurbishment in 2024 and is in excellent condition. The basement is dry and useable.

449a Bury New Road comprises a large open-plan seating area with kitchen and toilet facilities to the rear. The property was fully refurbished in 2022 to provide a well-presented large hospitality space.

2 Sherbourne Street is a first-floor premises only, and spans both 449 and 449a Bury New Road. It is accessed from Sherbourne Street which is a small cul-de-sac at the side of the property. This unit was previously used as office space until late 2024, and it has since undergone significant refurbishment and investment to produce a modern and appealing bar and restaurant, with kitchen and toilet facilities.

Investment Particulars

449 Bury New Road is let to a franchisee trading as Bargain Booze. It is let on a 15-year effective Full Repairing and Insuring Lease dated April 2016 and expiring April 2031.
The rent is £25,000pa.

449a Bury New Road is let on a 10-year effective Full Repairing and Insuring Lease dated March 2017 and expiring March 2027.
The rent is £15,000pa.

2 Sherbourne Street is let on a 10-year effective Full Repairing and Insuring Lease dated September 2019 and expiring September 2029.
The rent is £22,000pa.

Brochures

449, 449a Bury New Road and 2 Sherbourne Street, Prestwich M25

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Prestwich Tram Stop0.1 miles
  • Besses 'o th' Barn Tram Stop0.7 miles
  • Heaton Park Tram Stop0.7 miles

About LONGDEN & COOK REAL ESTATE LIMITED, Lancashire

VICTORIA BUILDINGS 9 - 13 Silver Street, Bury, BL9 0EU

Notes

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Disclaimer - Property reference 449BNR. 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 LONGDEN & COOK REAL ESTATE LIMITED, Lancashire. 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.

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