COMMERCIAL INVESTMENT CURRENTLY PRODUCING £38,300 … · commercial investment currently producing...

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FOR SALE COMMERCIAL INVESTMENT CURRENTLY PRODUCING £38,300 PER ANNUM FREEHOLD RESTAURANT INVESTMENT WITH ADDITIONAL INCOME FROM A VODAFONE TELECOMS INSTALLATION BUXTON ROAD DISLEY STOCKPORT SK12 2HG 0161 839 6409 334 Deansgate, Manchester M3 4LY www.wignallbrownlow.co.uk

Transcript of COMMERCIAL INVESTMENT CURRENTLY PRODUCING £38,300 … · commercial investment currently producing...

Page 1: COMMERCIAL INVESTMENT CURRENTLY PRODUCING £38,300 … · commercial investment currently producing £38,300 per annum freehold restaurant investment with additional income from a

FOR SALE

COMMERCIAL INVESTMENT CURRENTLY PRODUCING £38,300 PER ANNUM

FREEHOLD RESTAURANT INVESTMENT WITH ADDITIONAL INCOME

FROM A VODAFONE TELECOMS INSTALLATION BUXTON ROAD

DISLEY STOCKPORT

SK12 2HG

0161 839 6409

334 Deansgate, Manchester M3 4LY w w w. w i g n a l l b r o w n l o w. c o . u k

Page 2: COMMERCIAL INVESTMENT CURRENTLY PRODUCING £38,300 … · commercial investment currently producing £38,300 per annum freehold restaurant investment with additional income from a

0161 839 6409 Misrepresentation Act 1967 These particulars are provided for guidance only. The agents give notice that whilst these particulars are believed to be

accurate, they are not guaranteed and will not constitute any part of any contract in accordance with the Misrepresentation Act 1967.

Rating We understand from enquries of the Local Authority that the property is assessed as “Restaurant & Premises” at a Rateable Value of £33,750. The current Uniform Business Rate for 2012/2013 is 45.8p. Tenure & Tenancies Freehold. The restaurant is let to Bobby Azim Bakht and Salik Bakht, t/a The Purple Pakora, to 30 April 2027 and is drawn on full repairing and insuring terms, at a current passing rental of £31,500 per annum. The lease is subject to 5 yearly rent reviews. The Vodafone telecoms installation is let to 16 August 2013, at a passing rental of £6,800.00 per annum. There are ongoing lease renewal negotiations. Terms Guide Price - £300,000. Offers are invited for the freehold interest, subject to contract. Viewing Strictly by appointment. Contact Jonathan Brownlow on 0161 839 6409 or via email to [email protected].

Location & Description The property comprises a former Little Chef that has been refurbished and re-fitted as an Indian restaurant t/a The Purple Pakora. The property extends to approximately 200 sq m (2,153 sq ft) gross and 158 sq m (1,705 sq ft net). There is a large parking area to the front for approximately 35 cars and a service area to the rear. The site area extends to approximately 0.26 hectares (0.63 acres). There is a Vodafone telecoms installation at the rear of the site. The property is located in a prominent roadside position, adjoining a Total Garage, on the north side of Buxton Road (A6) approximately 0.7 miles east of Disley and 3.5 miles north west of Whalley Bridge. The A6 is the main arterial south easterly route out of Stockport into Derbyshire and there is a high volume of traffic movement past the subject site. Accommodation The property has been measured on a net internal basis in accordance with the RICS Code of Measuring Practice. The net internal floor area is as follows:-

Description Sq m Sq Ft

Bar & Restaurant (approx 70 covers) 118.59 1,276 Gents, Ladies & Disabled WC’s - - Kitchen, Store & Wash Areas 39.84 429 Staff WC - - Cold Room - -

TOTAL 158.43 1,705

DATE OF PUBLICATION - JANUARY 2013

SUBJECT TO CONTRACT