Acquired
Bolton – Takeaway
55 Tonge Moor Road, Bolton, Lancashire BL2 2DLVirtual Freehold Takeaway Investment
Tenure
Leasehold
Lease Term
6 Years
Years Left on Lease
1y 11m
Area
950 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway with 1-bedroom residential accommodation above and additional storage in the attic
- Open market rent review in 2023
- Roof replaced in 2020
- Located amongst a host of independent retailers all serving the surrounding residential population
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor takeaway with 1-bedroom owner`s flat above and provides the following accommodation and dimensions:
Ground Floor: Sales Area, Kitchen, Storage 52 sq m (560 sq ft)
First Floor: 1-Bedroom, Living Room, Bathroom 36 sq m (387 sq ft)
Attic: Storage Not inspected
Ground Floor: Sales Area, Kitchen, Storage 52 sq m (560 sq ft)
First Floor: 1-Bedroom, Living Room, Bathroom 36 sq m (387 sq ft)
Attic: Storage Not inspected
Tenancy Description
The property is at present let to an Individual for a term of 6 years from 18th December 2020 at a current rent of £10,140 per annum and the lease contains full repairing and insuring covenants. Open market rent review in 2023. No break clause.
Tenancies & Accommodation
Location Description
Bolton is a major retail and commercial centre enjoying easy access via the M61 and M62 motorways, some 10 miles north-west of Manchester City Centre. The property is located amongst a host of independent retailers all serving the surrounding residential population and being approx. 1 mile north-east of the town centre.