Accommodation
825 Manchester Road has been measured by BKR Floor Plans and provides the following accommodation:
Net Internal Area | 159.60 sq m | 1,718 sq ft |
Gross Internal Area | 178.83 sq m | 1,925 sq ft |
825A Manchester Road has the following approximate areas: | ||
Net Internal Area | 101.7 sq m | 999 sq ft |
A set of floor plans is available to download, and the measured survey report will be re-addressed to a purchaser at a cost of £720 + VAT.
Site
We estimate the site area to be approximately 0.18 hectares (0.45 acres).
EPC
The property has an EPC rating of D which is valid until 2nd January 2035.
Rateable Value
According to the valuation office website the rateable value for the property is as follows:
Unit | Description | Rateable Value |
825 Manchester Road | Restaurant & Premises | £18,500 |
825A Manchester Road | Shop & Premises | £7,800 |
The business rates multiplier is 49.9 pence.
Tenure
Freehold.
Tenancies
825 Manchester Road
Let to Alket Mustafaraj (t/a Lorde’s Fish & Chips) for a term of 2 years from 17th July 2025, expiring on 16th July 2027 at a rent of £13,000 per annum, inclusive of insurance.
There is a mutual rolling break option at the expiry of the first year, subject to notice being served after 9 months of the lease have elapsed.
The lease is outside 1954 Act protection.
825a Manchester Road
Offered with vacant possession.
Alternative Use & Redevelopment Potential
It is suggested that the site has redevelopment potential with a wide range of possible uses including Restaurant/Retail/Drive-To/Drive-Thru, subject to the necessary planning consents.
Advertising Hoarding
In addition, the current owner has received an offer from an outdoor media company for an advertising hoarding on the site (subject to planning). The proposed terms are for a 20-year lease at a rent of £5,000 per annum. Further information can be provided upon request.
VAT
The property has not been registered for VAT and therefore VAT is not applicable on the purchase price.
Proposal
We are instructed to seek offers in excess of £675,000 (Six Hundred and Seventy-Five Thousand Pounds) subject to contract.
Please note that a purchaser will be re-charged the costs of the searches (£1,110.43) which are provided in the data room. Furthermore, the purchaser will be charged the cost of the measured survey (£720 + VAT) which will be readdressed to the purchaser.
Please note that a purchaser will be charged a Transaction Fee of 1.0% of the Purchase Price plus VAT.
Investment Considerations
An opportunity to purchase a freehold roadside investment;
The property occupies a highly prominent roadside location;
Future redevelopment potential, subject to obtaining the necessary planning consents;
VAT Free Investment;
There is the ability to create an attractive yield by letting both units on commercial terms with the ability to add EV charger income and advertising hoarding income, subject to planning;
Attractive lot size for an investor.
Singer Vielle Finance Services
Contact our team if you are seeking senior debt, bridging finance or development finance.
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