Johnson Cleaners, Manchester Road (A58) Rochdale Lancashire OL11 3EN

Johnson Cleaners, Manchester Road (A58)
Rochdale
Lancashire
OL11 3EN

Standalone Retail Investment

Entirely let to Johnson Cleaners UK Limited
Prominent corner site fronting Manchester Road (A58)
Situated opposite 24 hour Tesco Superstore
The property benefits fro on-site parking
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
42
Auction
11th February 2016
Rent
£29,742 per Annum Exclusive
Status
Sold
Price
£260,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Standalone Retail Investment

Entirely let to Johnson Cleaners UK Limited
Prominent corner site fronting Manchester Road (A58)
Situated opposite 24 hour Tesco Superstore
The property benefits fro on-site parking
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 42
Auction 11th February 2016
Rent £29,742 per Annum Exclusive
Status Sold
Price £260,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles north of Manchester, 34 miles south-west of Leeds
Roads: A58, A664, A627 (M), M62
Rail: Rochdale Rail, Castleton Rail
Air: Manchester Airport

Situation

The property is situated to the south-west of Rochdale town centre on the southern side of Manchester Road (A58) close to its junction with Edinburgh Way (A664). The property lies directly opposite the 24 hour Rochdale Tesco Superstore.

Tenure

Virtual Freehold. Virtual Freehold. Held from The Rochdale Borough Council for a term of 999 years from 11 June 1996.

Location

Miles: 12 miles north of Manchester, 34 miles south-west of Leeds
Roads: A58, A664, A627 (M), M62
Rail: Rochdale Rail, Castleton Rail
Air: Manchester Airport

Situation

Tenure

Virtual Freehold. Virtual Freehold. Held from The Rochdale Borough Council for a term of 999 years from 11 June 1996.

Description

The property comprises a standalone unit benefiting from on-site car parking.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Review
Ground	Retail	86 sq m	(926 sq ft)	JOHNSON CLEANERS UK LIMITED (1)	15 years from 24/06/2006 on a full repairing and insuring lease (2)	£29,742.04	24/06/2016 (3)
Totals		86 sq m	(926 sq ft)			£29,742.04

1) Johnsons Dry Cleaners are the UK’s leading provider of dry cleaning services for clothing and other items with a network of conveniently located stores nationwide. Johnsons Dry Cleaners are part of Johnson Service Group which has been in business for over 200 years. (Source: www.johnsoncleaners.com 12/01/2016)
(2) The seller is holding a rental deposit. Please refer to the legal pack.
(3) The lease provides a fixed rental decrease to £27,350 p.a. at the 2016 rent review.