Acquired
Golborne – Takeaway & Flat
34/34A Heath Street, Golborne, Warrington, Manchester WA3 3ADVirtual Freehold Retail & Residential Investment
Tenure
Leasehold
Lease Term
12 Years
Years Left on Lease
7y 2m
Area
1,151 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway shop and 2-bed flat at first floor
- Flat totally refurbished in November 2021 to high standard
- Roof totally replaced in September 2021
- Includes rear yard and vacant basement cellar
- Total area size of 107 sq m (1,151 sq ft)
- Retail tenant in occupation for more than 11 Years
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor retail shop t/a takeaway and self-contained residential flat at first floor. The flat comprises 2 Bedrooms, Living Room, Kitchen and Bathroom/WC. The property includes a rear yard and a vacant basement cellar accessed from the rear yard.
The property provides the following accommodation and dimensions:
Ground Floor: Takeaway 49 sq m (527 sq ft)
First Floor: 2-Bed Flat 58 sq m (624 sq ft)
Total area size: 107 sq m (1,151 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Takeaway 49 sq m (527 sq ft)
First Floor: 2-Bed Flat 58 sq m (624 sq ft)
Total area size: 107 sq m (1,151 sq ft)
Tenancy Description
The ground floor shop is at present let to an Individual t/a Takeaway for a term of 12 years from 11th March 2020 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants. Rent review linked to RPI in 2023 and every third year thereafter. Tenant in occupation for more than 11 Years. The first floor flat is at present let on AST to an Individual for a term of 6 Months from 15th December 2021 at a current rent of £6,600 per annum. Deposit held of £550.
Tenancies & Accommodation
Location Description
Golborne is a town within the Metropolitan Borough of Wigan, in Greater Manchester, England. It lies 5.4 miles (8.7 km) south-southeast of Wigan, 6.1 miles (9.8 km) northeast of Warrington and 13.8 miles (22.2 km) to the west of the city of Manchester. Located just off the main A573 High Street within this established parade, adjacent to a Post Office, near to a Betfred and being amongst a host local traders.
