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Heron Point, 391, 391A, 391B Palatine Road, Manchester, M22 4FY

£620,000

£858.73 per sq ft

Business rates & charges may apply

Regional Property Solutions, Cheshire
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

Northenden is a suburb in the city of Manchester, in Greater Manchester. It lies on the south bank of the River Mersey, is about 5 miles south of Manchester city centre, and roughly 4 miles west of Stockport, with a population of 15,000 across 6,000 households.

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

About Regional Property Solutions, Cheshire

Grosvenor House Grafton Street, Hale, Altrincham, WA14 1DU

Notes

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