Acquired
Wigan – Takeaway & Flat
3 Coniston Road, Tyldesley, Wigan, Manchester M29 7ASFreehold Takeaway and Residential Investment
Lease Term
20 Years
Years Left on Lease
Holding Over
Area
1,300 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprising a 3 bedroom house and takeaway unit
- The entire property is at present let to H WAHYAU for a term of 20 years, reversion August 2020
- Asset management opportunity
- The property is situated on the east side of Coniston Road, perpendicular to a local shopping precinct in a predominantly residential area. Occupiers close by include Select & Save Convenience Store
VAT
VAT is not applicable.
Property Description
The property is arranged as The property is arranged on ground and one upper floor to provide a three-bedroom detached house with a ground floor self-contained takeaway to the side. The house comprises a lounge, kitchen and bathroom on the ground floor and three bedrooms above. The takeaway comprises a serving area to the front and a kitchen to the rear. To the side of the property is a garage. We understand the takeaway isn’t currently being utilised.
The property provides the following accommodation and dimensions:
Ground Floor 65.40 sq m (704 sq ft)
First Floor 38.60 sq m (415 sq ft)
Garage 16.80 sq m (181 sq ft)
Total 120.80 sq m (1,300 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor 65.40 sq m (704 sq ft)
First Floor 38.60 sq m (415 sq ft)
Garage 16.80 sq m (181 sq ft)
Total 120.80 sq m (1,300 sq ft)
Tenancy Description
The entire property is at present let to H WAHYAU for a term of 20 years from 7th August 2000 at a current rent of £7,150 per annum. The lease provides for a rent review every fifth year of the term and contains full repairing and insuring covenants.
Tenancies & Accommodation
Location Description
The city of Manchester, which has a population in excess of 400,500, is the principal industrial, cultural and commercial centre of the North West and is the UK's second financial centre. The city has 2.5 million people living within a 12 mile radius of the centre. Manchester benefits from excellent communications via the M60, M62, M56, M66 and M67 motorways, Intercity rail links and an international airport. Tyldesley is a densely populated town and residential suburb situated some 10 miles west of the city centre. The property is situated on the east side of Coniston Road, perpendicular to a local shopping precinct in a predominantly residential area. Occupiers close by include Select & Save Convenience Store.