Available
Bolton – Retail Shop
The Cube, 87 Bradshawgate, Bolton BL1 1QDLong Leasehold Retail Investment
Price
£200,000
Rent P.A.
£15,000
Yield
7.50%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
4y 8m
Area
969 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor retail shop with 2 parking spaces at rear
- Bolton town centre has recently been redeveloped, and government funding secured for further redevelopment
- Situated within 5 min walk from Bolton Train Station with occupiers nearby including post office, restaurants/takeaways, convenience store, JD Wetherspoon and more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises mid-terrace ground floor shop with 2 parking spaces, currently t/a estate agents and provid
Ground Floor: 90 sq m (969 sq ft)
Open plan retail, kitchenette, wc
Ground Floor: 90 sq m (969 sq ft)
Open plan retail, kitchenette, wc
Tenancy Description
The property is at present let to an Individual for a term of 5 years from 5th September 2024 at a current rent of £15,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 2 years open market, upward only. Tenant and Landlord mutually have right to determine the lease on or after the 3rd year anniversary with 3 months’ notice. Rent deposit held of £3,750.
Tenure:
Long Leasehold. Held on a 250 Year lease from 1st January 2014 at a ground rent of £250 p.a. Rent review linked to RPI on 1st July 2024 and every 5 years thereafter.
Tenure:
Long Leasehold. Held on a 250 Year lease from 1st January 2014 at a ground rent of £250 p.a. Rent review linked to RPI on 1st July 2024 and every 5 years thereafter.
Tenancies & Accommodation
Location Description
Bolton is a town in Greater Manchester in England. In the foothills of the West Pennine Moors, Bolton is between Manchester, Blackburn, Wigan, Bury and Salford. It is surrounded by several towns and villages that form the wider borough, of which Bolton is the administrative centre. The property is situated in the heart of the town centre within 5 min walk from Bolton Train Station with occupiers nearby including post office, restaurants/takeaways, convenience store, JD Wetherspoon and more.
