Units 2a & 2b, Quays Campus Trafford Road Salford Manchester M5 3PP

Units 2a & 2b, Quays Campus
Trafford Road
Salford
Manchester
M5 3PP

Hot Food Takeaway Investment

Unit 2A let until May 2033 and Unit B let until April 2040 (subject to option)
Prominent corner position fronting Trafford Road (A5063)
Nearby occupiers include Subway, Shell Petrol Station and Nisa Convenience Store
On-site car parking
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
81
Auction
23rd March 2016
Rent
£43,500 per Annum Exclusive
Status
Sold
Price
£300,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Hot Food Takeaway Investment

Unit 2A let until May 2033 and Unit B let until April 2040 (subject to option)
Prominent corner position fronting Trafford Road (A5063)
Nearby occupiers include Subway, Shell Petrol Station and Nisa Convenience Store
On-site car parking
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 81
Auction 23rd March 2016
Rent £43,500 per Annum Exclusive
Status Sold
Price £300,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 2 miles west of Manchester, 10 miles south-east of Bolton, 33 miles east of Liverpool
Roads: A56, A57(M), M602 (Junction 3)
Rail: Exchange Quay (Manchester Metrolink), Deansgate Rail
Air: Manchester International Airport

Situation

The property forms part of Quays Campus Retail Development in Salford Quays, 2 miles from Manchester City Centre. The property occupies a prominent corner location on Trafford Road (A5063), at its junction with Orsdall Lane (A5066), in a predominantly mixed use area. The property lies opposite a new residential development and is a short distance from The Ramada and Etap Hotels, as well as a number of office developments. Nearby occupiers include Subway, Shell Petrol Station and Nisa Convenience Store.

Tenure

Long Leasehold. Held from Salford College for a term of 150 years from 20th March 2003 at a peppercorn rent.

Location

Miles: 2 miles west of Manchester, 10 miles south-east of Bolton, 33 miles east of Liverpool
Roads: A56, A57(M), M602 (Junction 3)
Rail: Exchange Quay (Manchester Metrolink), Deansgate Rail
Air: Manchester International Airport

Situation

Tenure

Long Leasehold. Held from Salford College for a term of 150 years from 20th March 2003 at a peppercorn rent.

Description

The property comprises two ground floor retail units which form part of a retail parade. The properties benefit from on-site car parking spaces at the rear for six cars.

Six Week Completion

VAT

VAT is 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 form part of a retail parade. The properties benefit from on-site car parking spaces at the rear for six cars.

Six Week Completion

VAT

VAT is 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
2A	Ground	Hot Food Takeaway (A1 & A5)	105.91 sq m	(1,140 sq ft)	INDIVIDUALS (t/a Aadams Authentic Grill and Kebab) (1)	20 years from 22/05/2013 until 21/05/2033 on a full repairing and insuring lease (2)	£23,500	21/05/2018 21/05/2023 21/05/2028
2B	Ground	Hot Food Takeaway (A1 & A5)	85.47 sq m	(920 sq ft)	INDIVIDUALS (t/a Aadams Authentic Grill and Kebab) (1)	25 years from 10/04/2015 until 09/04/2040 on a full repairing and insuring lease (3)	£20,000 (4)	10/04/2020 and five yearly
Totals			191.38 sq m	(2,060 sq ft)			£43,500

(1) Unit 2A is trading as Aadams Authentic Grill and Kebab. Aadams Authentic Grill & Kebab is renowned throughout the Salford Quays area for its divine style and presentation of traditional Grill and Kebab cuisine (Source: aadamsgrillandkebab.co.uk 17/02/2016).
(2) The lease provides a tenant’s option to determine on 22/05/2018.
(3) The lease provides a tenant’s option to determine on 10/04/2020.
(4) For the purpose of clarification, the lease of unit 2B provides a rent free period due to expire on 10th October 2016. The seller has agreed to adjust the completion monies so that the unit will effectively produce £20,000 p.a.x. from completion of the sale.