Prominently situated opposite the new £76 million Tameside Council development project
Adjacent to the new £10 million Clarendon Sixth Form College Campus
Nearby occupiers include JD Wetherspoon, WH Smith, Argos, Superdrug, Next, Poundland, Costa and EE
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 32
Auction 30th March 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £458,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles east of Manchester City Centre
Roads
A6043, A6140, A635, A627, M60 (Junction 23)
Rail
Ashton-under-Lyne Railway Station (Approx 12 mins to Manchester Victoria Station)
Air
Manchester Airport
Situation
Ashton-under-Lyne is a busy market and industrial town located some 6 miles east of Manchester City Centre. The property is situated on Wellington Road, the town's principal leisure destination and is diagonally opposite a £76m regeneration project to create a landmark council/education building and major public transport interchange. The development will improve links between the Arcades Shopping Centre, Market Place and public transport interchange. The scheme is expected to boost the local economy by bringing 3,000 students and 300 staff into the town centre. Construction is underway and is due to complete in September 2017. Please refer to Tameside Planning Portal & planning Application Number 15/00559/R3D.
Tenure
Freehold. Share of Freehold and Virtual Freehold. Virtual Freehold held for a term of 999 years from 31st May 1983 at a fixed rent of £10 per annum. Please refer to the legal pack for further information.
Location
Miles
6 miles east of Manchester City Centre
Roads
A6043, A6140, A635, A627, M60 (Junction 23)
Rail
Ashton-under-Lyne Railway Station (Approx 12 mins to Manchester Victoria Station)
Air
Manchester Airport
Situation
Ashton-under-Lyne is a busy market and industrial town located some 6 miles east of Manchester City Centre. The property is situated on Wellington Road, the town's principal leisure destination and is diagonally opposite a £76m regeneration project to create a landmark council/education building and major public transport interchange. The development will improve links between the Arcades Shopping Centre, Market Place and public transport interchange. The scheme is expected to boost the local economy by bringing 3,000 students and 300 staff into the town centre. Construction is underway and is due to complete in September 2017. Please refer to Tameside Planning Portal & planning Application Number 15/00559/R3D.
Tenure
Freehold. Share of Freehold and Virtual Freehold. Virtual Freehold held for a term of 999 years from 31st May 1983 at a fixed rent of £10 per annum. Please refer to the legal pack for further information.
Description
The public house comprises part of a three storey building benefiting from a substantial frontage to Wellington Road. The ground floor trading area features an extensive serving bar, seating areas, customer WCs, catering kitchen and beer store. The first floor comprises ancillary and storage accommodation, while the second floor comprises a manager’s flat with three rooms, bathroom and kitchen. The property benefits from a secondary customer entrance from Camp Street opposite Clarendon Sixth Form College.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The public house comprises part of a three storey building benefiting from a substantial frontage to Wellington Road. The ground floor trading area features an extensive serving bar, seating areas, customer WCs, catering kitchen and beer store. The first floor comprises ancillary and storage accommodation, while the second floor comprises a manager’s flat with three rooms, bathroom and kitchen. The property benefits from a secondary customer entrance from Camp Street opposite Clarendon Sixth Form College.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Second
Public House/Ancillary Ancillary/Storage Residential
540.00 sq m 114.00 sq m 69.00 sq m
(5,813 sq ft) (1,227 sq ft) (743 sq ft)
MIDLAND INNS LTD WITH PERSONAL GUARANTEE
25 years from 29/07/2005 until 28/07/2030 on a full repairing and insuring lease
