Alderley Edge, 41 London Road
- Investment
- To Buy
For Sale - Income producing retail investment, located in the heart of the village - 1,250 sq ft.
LOCATION
The property is located on London Road in the heart of Alderley Edge. Local occupiers include the likes of Costa Coffee, Waitrose, Tesco, San Carlo, Gusto, Botanist and many more.
Alderley Edge is one of South Manchester’s most desirable and prestigious locations offering a broad cross section of retail, restaurant and business facilities making it the ideal base for business.
The location is in close proximity to major road networks, the airport and train station allowing for excellent communications across South Manchester and beyond.
Alderley Edge train station is a short walk from the property and has regular trains to Manchester, Wilmslow, Stockport and Crewe (for trains to London).
DESCRIPTION
The property is currently let in its entirety to Runway Management Ltd, currently paying £19,000 per annum, their lease expires 5th August 2029. The lease contains a break and rent review date of the 6th August 2024.
The shop comprises of two floors with Runway Management Ltd, trading as Runway, utilising the ground space for their ladies' fashion business. The floor is predominantly open plan with changing rooms and kitchen to the rear.
The first floor provides storage space, staff welfare facilities and a small training studio. Heating is provided via an Air Conditioning unit to the main shop floor and electric panel radiators.
A small courtyard to the rear provides access to the basement and a further storage area.
FLOOR AREAS
Ground Floor : 545 Sq Ft
First Floor: 705 Sq Ft
Total: 1,250 Sq Ft
Basement: 235 Sq Ft
ASKING PRICE
£400,000
RATEABLE VALUE
£17,000
TENURE
Long Leasehold. Title No. CH137382.
999 years from 29 September 1853.
