Property description

Location

A retail unit at the heart of Cheetham Hill is now available for rent. This unit boasts a prime location with high pedestrian footfall, and is suitable for any type of retail venture. It benefits from its prime address on the Cheetham Hill high street, as well as its close proximity to the large Cheetham Hill Shopping Centre which results in a tremendous amount of overflow foot traffic passing right by the front door.

Cheetham Hill is a major commercial area in North Manchester, located just 2 miles from the city centre. Approximately a quarter of a million people live within a 15 minute commute.

Major retailers such as Tesco, Farmfoods, and Iceland- as well as a number of high street banks and other companies- are located close at hand. This results in a large amount of pedestrian traffic as well as a built-in customer base of office workers for any business at this unique location. The property also benefits from very attractive financial terms, as detailed below.

Description

This property is a generous 126 square meters of prime ground floor space. It is suitable for almost any kind of retail offering- either via independent ownership or as an outlet for a major retail brand. It offers a shared W/C and kitchen for staff comfort. The approximate net area is:

Internal width 9 m

Built depth 14 m

This unit can be combined with adjoining space to provide a much larger footprint if desired.

Lease

The unit offers a 25 year full repairing and insuring lease, incorporating 5 yearly upward-only rent reviews.

Commencing Rental

£15600 per annum.

Rating

The current rateable value is £7800 and the Gross Rate is 3744 p.a., subject to confirmation with the Manchester City Council Business Rates Authority.

Tax Reliefs

The location may qualify for SBRT (Small Business Tax Relief) and RR (Retail Relief) which would result in a waiver of the entire business rate (subject to approval).

Service Charge

The estimated annual service charge for the current year is £9,973.

Energy Performance Certificate

A new EPC assessment is in progress.

Payment terms

No deposit required. 2 months rent payable in advance. Admin fees of £250 apply. Payment by S/O or cash. Standard credit checks may apply.

Legal Costs

Each party is responsible for their own legal costs incurred in the transaction.

Date of Entry

Available on completion of legal documentation.

Viewings

Strictly by prior arrangement with BBP Estates Ltd or via our branch office BBP Estates Manchester.

Property Features :

• Close to Town Centre
• No Deposit
• Retail Premises
• Payment by S/O only
• Shared W/C
• Shared kitchen