Heron Point, 391, 391A, 391B Palatine Road, Manchester, M22 4FY
- SIZE AVAILABLE
722-2,478 sq ft
67-230 sq m
- SECTOR
High street retail property for sale
Key features
- Outstanding visibility with prime frontage directly onto Palatine Road
- Fully let to Age Concern and two local tenants with an average WAULT of 3.8 years
- Total Passing Rent £49,000pax (£19.78 per sq ft)
- Long Leasehold 250 years at a peppercorn
- Net Initial Yield – 7.52%
Description
With unrivalled road connectivity with its immediate proximity to the A5103 (Princess Parkway), which connects Manchester city centre southwards towards Wythenshawe, and links up with the M56 motorway and M60 orbital network.
Heron Point, recently developed by Mansion House Group, presents a striking standalone building. The upper floors offer elegant residential apartments, while the ground level features three versatile commercial units designed for various businesses. Crafted from durable steel and adorned with partially rendered brick façades, it incorporates modern aluminium double-glazed floor-to-ceiling windows and internal shutters for added security.
We are instructed to seek overs of £620,000 * for the whole. We will consider individual lot sales. Please enquire with the agent for further details.
*Finance may be available.
The property has been elected for VAT purposes. It is anticipated that the sale will be dealt with by way of Transfer of a Going Concern (TOGC).
A service charge is in place to cover the cost of external items and estate. This is a fully recoverable item from the tenants.
Full legal documentation can be made available to interested parties via a legal dataroom.
The property is to be sold by way of a Peppercorn Long Leasehold interest for a term of 250 years.
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Brochures
Heron Point, 391, 391A, 391B Palatine Road, Manchester, M22 4FY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Northern Moor1.3 miles
- Didsbury Village Station1.4 miles
- Martinscroft Tram Stop1.4 miles
Notes
Disclaimer - Property reference 334720-1. 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 Regional Property Solutions, Cheshire. 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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