Cornbrook Business Centre, Quenby Street, Manchester M15 4HW

Lot Number 114

About this property

Addendum To Printed Catalogue

This property has been sold prior.


FOR SALE BY PRIVATE TREATY

A commercial business centre investment currently producing a gross annual income of £72,878.52 per annum

The property forms part of a former primary school building which has been converted and adapted to provide business centre accommodation arranged over ground floor level. Part of the former school building (at the junction of Quenby Street and Barrack Street) does not form part of the subject property and is under separate ownership.

To the rear is an enclosed car parking area which can be accessed via a gated entrance from Barrack Street. It provides car parking for approximately 25 vehicles.

The premises are occupied subject to various licences producing a gross annual income of £72,878.52 per annum. The property is currently managed on behalf of the vendors by Firmstart (Manchester) CIC for an annual fee of £32,000 plus VAT.

Listed By

Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

Full Description

Tenure - Leasehold


Situated

The property fronts onto the northerly side of Quenby Street approximately 1.5 miles from Manchester city centre and forms part of an established residential area.
Quenby Street is accessed from Angela Street to Barrack Street which provides direct access to the A56 Chester Road.

Ground Floor

Lobby, Reception Hallway, Receptions, Kitchen, 12 Units, Plant Room, Male WC, Female WC, Disabled WC.

The total floor space is approximately 530 sq.m (5,700 sq.ft).

Tenure

Tenure of the property is Leasehold under Registered Title Nos. GM795042 and GM795041.
The areas edged in red on the Title Plans are identified as subject of leases for 125 years commencing 24th September 1998 originally granted to Portico Housing Association Limited at peppercorn ground rents with one lease relating to the Cornbrook Business Centre itself and the car park to the rear and the other lease relating to the access to the car park from Barrack Street. The unexpired lease terms are therefore approximately 102 years.

Use

The lease of the Business Centre provides for the premises not to be used otherwise than for commercial units under Use Class B1 of the Town and Country Planning (Use Classes) Order 1987 and as a car park in connection with the said commercial premises and not to use any yards forecourts or landscaping forming part of the Demised Premises for any purpose other than in connection with the commercial units. The lease of the access to the car park provides for the premises not to be used for any purpose other than as an access way to the car park.

NB

Legal Costs - Each party to pay their own legal costs incurred in the transaction.

EPC Rating

E

Photos
Map

Cornbrook Business Centre, Quenby Street, Manchester

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