£485,000
(£275.41/sq. ft)
Property for sale8-12 Old Market Place, Altrincham WA14
1,761 sq. ft
Freehold
About this property
Two separate ground and lower ground commercial units
Currently generating a total income of £15,000 per annum
No. 12 is let for £15,000pax
No. 8-10 is to be sold with full vacant possession
Erv £35,000pax
Long Leasehold title available – 999 years
Finance Available
Description
The property features two distinct commercial units spanning the ground and basement floors, situated within a mid-terrace parade of traditional brick construction.
With modern double-glazed aluminium shop fronts, Unit 8-10 offers an open-plan layout, separate meeting room, kitchenette, individual toilets, and basement storage access.
Unit 12 comprises a main retail area with versatile back rooms for treatments and essential facilities like a kitchen and restroom.
Price
£485,000 + VAT The property has been registered for VAT purposes and may be dealt with as a togc.
Tenure
The property will be disposed of by way of a new 999 year long lease. Note that the sellers will retain the freehold.
Tenant
No.12 is let to Hair By Ella Darcy for a term of 10 years expiring 30th September 2031 with an upwards only open market rent review at year five. Passing rent is £15,000pax with an erv of £18,000pax.
Services
The property is connected to electricity and water services, The utilities are paid for directly by the tenants and there are separate supplies.
Legal Costs
Each party will be responsible for bearing their own legal costs in respect of the transaction.
VAT
The property has been registered for VAT purposes and may be dealt with as a togc.
Aml Regulations
In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.
The property features two distinct commercial units spanning the ground and basement floors, situated within a mid-terrace parade of traditional brick construction.
With modern double-glazed aluminium shop fronts, Unit 8-10 offers an open-plan layout, separate meeting room, kitchenette, individual toilets, and basement storage access.
Unit 12 comprises a main retail area with versatile back rooms for treatments and essential facilities like a kitchen and restroom.
Price
£485,000 + VAT The property has been registered for VAT purposes and may be dealt with as a togc.
Tenure
The property will be disposed of by way of a new 999 year long lease. Note that the sellers will retain the freehold.
Tenant
No.12 is let to Hair By Ella Darcy for a term of 10 years expiring 30th September 2031 with an upwards only open market rent review at year five. Passing rent is £15,000pax with an erv of £18,000pax.
Services
The property is connected to electricity and water services, The utilities are paid for directly by the tenants and there are separate supplies.
Legal Costs
Each party will be responsible for bearing their own legal costs in respect of the transaction.
VAT
The property has been registered for VAT purposes and may be dealt with as a togc.
Aml Regulations
In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.
.png){kind=logo}