Rare freehold leisure opportunity in an affluent Manchester suburb
Chorlton is a popular residential and commercial location south of Manchester
1,060 sq ft ground floor sales area and 305 sq ft basement storage
The upper floors are sold off on a Long Leasehold basis for a term of 125 years from 2nd March 2015
The initial ground rent of £100 per annum rises by £50 each subsequent 25 years with the next increase in March 2040.
Ground and Basement let to Charcuterie Limited (trading as Love Thy Neighbour)
15-year FRI lease from 23rd March 2015, expiring 22nd March 2030 (12 years unexpired)
Current rent of £24,000 per annum (£22.64 psf)
5 yearly upward only open market rental value reviews
Offers in excess of £360,000 (STC)
Attractive Net Initial Yield of 6.46%
