From
£210,000
(£305.23/sq. ft)
Property for sale7 The Downs, Altrincham WA14
688 sq. ft
Freehold
About this property
Single let to 9 7 Barber Shop Limited at £13,500pax
5 year Fri lease expiring 25th June 2029
Open market upwards only rent review June 2028
Erv £15,000 pax
High quality curated fit out
Virtual Freehold
Description
The Downs is a vibrant area known for its unique blend of boutique gyms, shops, and restaurants. This prime location attracts both locals and visitors, enhancing foot traffic significantly.
With easy access to the junction of The Downs / Ashley Road and Railway Street, it offers excellent connectivity for commuters.
This property boasts a ground and basement floor retail unit, complete with a high-quality curated fit-out.
It features expansive glazed frontage and a convenient WC at the back. The dry basement provides ample storage space along with a kitchenette for added functionality.
Price
We are instructed to seek offers of £210,000 + VAT for the 999 year long leasehold interest.
Tenure
The property is held virtual freehold by way of a 999 year lease at a peppercorn.
Tenancy
The property is let to 9 7 Barber Shop Limited by way of a Fri lease for a period of five years expiring 25th June 2029. There is an opportunity to review the rent in an upwards only direction June 2028. There is a schedule of condition for the basement only.
Services
The property is connected to electricity and water services. The utilities are the direct responsibility fo the tenant.
Legal Costs
Each party to be responsible for their own legal costs.
VAT
The property has been registered for VAT therefore the transaction can be treated by way of 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 Downs is a vibrant area known for its unique blend of boutique gyms, shops, and restaurants. This prime location attracts both locals and visitors, enhancing foot traffic significantly.
With easy access to the junction of The Downs / Ashley Road and Railway Street, it offers excellent connectivity for commuters.
This property boasts a ground and basement floor retail unit, complete with a high-quality curated fit-out.
It features expansive glazed frontage and a convenient WC at the back. The dry basement provides ample storage space along with a kitchenette for added functionality.
Price
We are instructed to seek offers of £210,000 + VAT for the 999 year long leasehold interest.
Tenure
The property is held virtual freehold by way of a 999 year lease at a peppercorn.
Tenancy
The property is let to 9 7 Barber Shop Limited by way of a Fri lease for a period of five years expiring 25th June 2029. There is an opportunity to review the rent in an upwards only direction June 2028. There is a schedule of condition for the basement only.
Services
The property is connected to electricity and water services. The utilities are the direct responsibility fo the tenant.
Legal Costs
Each party to be responsible for their own legal costs.
VAT
The property has been registered for VAT therefore the transaction can be treated by way of 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.
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