Co-Operative Food Store 72 - 78 Sutherland Road Heywood Greater Manchester OL10 3PN

Co-Operative Food Store
72 - 78 Sutherland Road
Heywood
Greater Manchester
OL10 3PN

Freehold Convenience Store and Takeaway Investment

  • Two retail units totally 3,577 sq ft in popular Manchester suburb
  • Majority let to Co-operative Group Limited on 10 year lease from 2015
  • Prominent corner position in a densely populated residential area
  • Opposite new housing development of 154 homes
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    73
  • Auction
    13th October 2016
  • Rent
    £35,400 per Annum Exclusive
  • Status
    Sold
  • Price
    £460,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Convenience Store and Takeaway Investment

  • Two retail units totally 3,577 sq ft in popular Manchester suburb
  • Majority let to Co-operative Group Limited on 10 year lease from 2015
  • Prominent corner position in a densely populated residential area
  • Opposite new housing development of 154 homes
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 73
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £460,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
5 miles south-west of Rochdale, 11 miles north of Manchester
Roads
M62, M66
Rail
Bury Bolton Street Rail
Air
Manchester Airport
Situation

The property is prominently situated on the western side of Sutherland Road, at its junction with Argyle Street, some 2 miles from Heywood town centre. The property benefits from being
situated in a densely populated residential area opposite a new development of 154 homes.

Tenure

Freehold.

Location
Miles
5 miles south-west of Rochdale, 11 miles north of Manchester
Roads
M62, M66
Rail
Bury Bolton Street Rail
Air
Manchester Airport
Situation

The property is prominently situated on the western side of Sutherland Road, at its junction with Argyle Street, some 2 miles from Heywood town centre. The property benefits from being
situated in a densely populated residential area opposite a new development of 154 homes.

Tenure

Freehold.

Description

The property comprises two ground floor retail units which currently operate as a convenience store and an A5 takeaway.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units which currently operate as a convenience store and an A5 takeaway.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
74, 76
& 78
Ground Convenience
Store
281.59 sq m
(3,031 sq ft)
CO-OPERATIVE
GROUP LTD
t/a Co-operative
Food Store (1) (2)
10 years
07/02/2015 until
06/02/2025 (3)
£29,400 07/02/2020
72 Ground A5 Takeaway
50.73 sq m
(546 sq ft)
INDIVIDUAL
t/a Adam’s
20 years from
18/10/2010
until
17/10/2030
£6,000 18/10/2020
18/10/2025
  Totals  
332.32 sq m
(3,577 sq ft)
    £35,400  

(1) For the year ending January 2016, The Co-operative Group Limited reported a turnover of £9,301,000,000, pre-tax profits of £23,000,000 and a total net worth of £2,006,000,000. (Source: Experian Group 12/09/2016)
(2) The tenant has submitted a licence to assign the lease to Martin McColl Limited. Please refer to the legal pack for further information.
(3) The lease provides for a tenant option to determine on 07/02/2020.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    51 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    815 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
Amy Jones 0845 497 9797amyjones@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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