The property is a newly built and predominantly 7 storey mixed use development of traditional brick construction, with Tesco Express occupying the adjoining premises and a substantial residential apartment complex over and surrounding.
The subject of this sale/letting is the Long Leasehold interest which is to be formed out of part of the ground floor known as the Western unit.
The unit is let in a shell and core condition, ready for an ingoing tenant to fit out to their individual requirements. This unit would be particularly suitable for restaurant or gymnasium use.
Location
Bridgewater Wharf is Manchester’s latest addition to the residential property market. Welcoming 376 premium apartments to a stunning waterfront location, the launch of Bridgewater Wharf Manchester provides the perfect time and place to invest in a city centre brimming with success and opportunity.
The property fronts on to the very busy Ordsall Lane, which links Old Trafford to Salford and then Manchester City Centre via Regents Road.
Manchester is a leading UK city with an undeniable global presence in the sectors of business, industry, education, culture and innovation. Bridgewater Wharf finds itself located in an enviable part of Manchester city centre, nestled between the digital business hubs of MediaCityUK, the trendy bars and restaurants of Deansgate, and the sleek retail and financial district of Spinningfields.
Accommodation
The property has been measured on a Gross Internal Area basis (GIA) basis as follows:
Ground Floor 260 sq m (2,798 sq ft)
Terms
SALE - Offers are invited in excess of £700,000 for the long leasehold interest.
LEASE TERMS - The premises are available by way of a new effective FRI (fully repairing and insuring) lease for a minimum of 15 years with upward only rent reviews every 5 years and all other terms to be agreed.
RENT - £60,000 per annum
EPC RATING - The property will be assessed following tenants fit out works.
VAT - We understand that this property has been elected for VAT, meaning that both the rental income and sale price are subject to VAT at the prevailing rate.
ANTI-MONEY LAUNDERING REGULATIONS - In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
LEGAL COSTS - Each party are to be responsible for their own costs incurred in this transaction.