Majority let to Co-Operative Group (CWS) Ltd on a 10 year lease
Approximately 374.16 sq m (4,022 sq ft) with asset management opportunities
Situated in a prominent corner position in a residential area
Includes retail unit available to let
Lot 34
Auction 8th July 2010
Rent £29,400 per Annum
Status Withdrawn Post
Price
Sector Supermarket
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
5 miles south-west of Rochdale
11 miles north of Manchester
Roads
M62, M66
Rail
Bury Bolton Street Railway Station
Air
Manchester Airport
Situation
The property is prominently situated on the western side of Sutherland Road, at its junction with Argyle Street, some 1.7 miles from Heywood town centre. The property benefits from being situated in a densely populated residential area opposite the Heywood Community High School.
Tenure
Freehold.
Location
Miles
5 miles south-west of Rochdale
11 miles north of Manchester
Roads
M62, M66
Rail
Bury Bolton Street Railway Station
Air
Manchester Airport
Situation
The property is prominently situated on the western side of Sutherland Road, at its junction with Argyle Street, some 1.7 miles from Heywood town centre. The property benefits from being situated in a densely populated residential area opposite the Heywood Community High School.
Tenure
Freehold.
Description
The property comprises TWO GROUND FLOOR RETAIL UNITS, one of which, an A5 retail unit, is offered with full vacant possession.
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, one of which, an A5 retail unit, is offered with full vacant possession.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Retail
280.28 sq m
(3,017 sq ft)
CO-OPERATIVE GROUP (CWS) LIMITED (1)
10 years from 07/02/2005 on a full repairing and insuring lease
£29,400
06/02/2015
Ground
Retail
93.36 sq m
(1,005 sq ft)
VACANT
Totals
374.64 sq m
(4,022 sq ft)
£29,400
(1)Co-Operative Group (CWS) Ltd is now known as Co-Operative Group Limited. Please note, Co-Operative Group Ltd (Company No. IP00525R) are currently paying the rent. For the year 2009, The Co-Operative Group reported a profit for the year of 160,000,000 and total net assets of 4,523,000,000. (Source: The Co-Operative Group Annual Review 2009)
