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Convenience Store & Residential Investment – Currently Producing £30,000 pa
Substantial Two storey former bank building which has been recently reconfigured and converted to now comprise a ground floor and basement retail unit trading as a convenience store together with 3 self contained flats (2x 2 bed, 1x 1 bed) on the first floor, all accessed from Dixon Street. The ground floor is currently undergoing shop fit out works. The flats have been recently refurbished and benefit from fitted kitchen and bathrooms, part double glazing and central heating. Tenancies The property is currently let as follows: Ground Floor & Basement – Convenience Store, new 20 year lease from February 2021 at £12,000 pa incorporating 5 yearly upwards only rent reviews. Flat 1 (2 bed) AST £500 pcm Flat 2 (2 bed) AST £550 pcm Flat 3 (1 bed) AST £450 pcm Total Rental Income £30,000 pa Please refer to legal pack fro copies of the leases / agreements. Location Prominently situated at the corner of Oldham Road (A62) and Dixon Street close the junction with Dean Lane / Old Church Street in the Newton Heath district approximately 2.5 miles to the north east of Manchester City Centre. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating E
Manchester City Council
Administration Charge – 2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
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Disbursements – Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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