Ashbourne House is an imposing detached Victorian building, originally a domestic dwelling that benefitted from a change of use to office accommodation over 40 years ago. It is set on a generous plot which provides 10 private car parking spaces.
Acquisition of this property in a prominent location within the four Heatons could provide for a number of options.
Today the building continues to operate as a full-service Business Centre, established at the site in 2002 as Ashbourne Business Centres Limited. This business, together with the property, is available as a transfer of a going concern (TOGC) with the benefit of existing rental revenues and potential for significant rental growth with the vacant units.
Under the registered company, Ashbourne Business Centre Limited, it provides serviced office accommodation for predominantly local businesses on short term licence arrangements. At full capacity the office premises generates a gross income of circa £95,000pa. based on existing competitive rental levels.
Currently, the property is divided internally into 10 office suites over three floors, with 2 communal meeting rooms and a full height cellar spanning the length of the building providing additional storage space. The current footprint provides 4,932 Sq. Ft. of space over basement, ground, first and second floors.
As an alternative to the existing office use, the site offers significant scope for future residential conversion of the existing building and potential for further development space above the single storey outrigger to the rear, subject to planning approval.
Planning permission (DC017755) for conversion of the existing footprint of the property to form 5 generously apportioned flats, consisting of 4 x 2-bedroom flats and 1 x 1 bedroom flat, was renewed in 2010 but has since lapsed.
The vendor has made recent enquiries with the planning officer, and it is believed that renewal of the permission should not be problematic.
Location
Ashbourne House occupies a prominent position on the corner of Wellington Road North and Brook Road in the established and popular residential area of Heaton Chapel. The property fronts onto Wellington Road North (A6), the main arterial route between Stockport Town Centre which is just over one mile to the South and Manchester City Centre which is located 5 miles to the North.
The immediate area boasts excellent transport links, being less than a 5-minute walk from Heaton Chapel Railway Station and within 2 miles of Junction 1 (Stockport) of the M60 Motorway. Chorlton, Didsbury, Withington and West Didsbury are all within easy reach of the property, as is Manchester Airport which is around a 20-minute drive. Additionally, regular bus services run along the A6 linking South Manchester and Stockport to the City Centre.
The area is predominantly a residential area and benefits from all the usual local shops, bars and restaurants that the surrounding Heaton’s (Chapel, Moor & Mersey) have to offer.
Accommodation
As measured on a gross internal basis (GIA) by the vendor: - Basement, Ground, First & Second Floor.
Total - 458.2 Sq. M. (4,932 Sq. Ft.)
Private car parking for 10 vehicles is provided to the front and side of the premises.
Terms
TENURE - Freehold.
SALE PRICE - Offers over £900,000 are invited for the Freehold site.
SERVICES - Mains gas, electricity, water and drainage are made up and connected to this premises.
BUSINESS RATES - The property is currently assessed for business rates on a room by room basis, thus benefitting from 100% small business rates when occupied.
EPC - D(99)
LEGAL COSTS - Each party will be responsible for their own legal costs in connection with this transaction.
VAT - We understand that VAT is applicable to this sale.