(GROSS YIELD 12.3%)
6 Week completion
Located close to the junction with Manchester Road with nearby occupiers such as Lidl, Coral, Morrisons, TSB, William Hill, and RBS.
Denton is a historic town in Manchester situated 5 miles east of the city centre benefitting from excellent road links being a few hundred yards from the M67 (Junction 1a) and under a mile from the M60 (Junction 24).
A mid terraced building comprising a Ground Floor Shop with internal access to Ancillary/Storage at first floor level. In addition, the property benefits from use of a rear service road.
Ground Floor Shop
Gross Frontage 14'11"
Internal Width 13'10"
Shop Depth 37'2"
Built Depth 56'9"
Sales Area Approx. 510 sq ft
Ancillary/Storage Area Approx. 425 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to John Paul Wood t/a as Clarity's (Hairdressers having 2 branches) for a term of 15 years from 25th December 2008 at a current rent of £7,400 per annum exclusive.
Rent Review and Tenant's Break December 2018
Note: The Tenant did not operate his 2013 Break Clause.