Office Commercial for sale in The Point 173-175 Cheetham Hill Road, Cheetham Hill, Greater Manchester

Office Commercial - £2,750,000

The Point 173-175 Cheetham Hill Road, Cheetham Hill, Greater Manchester

First listed on: 22nd June 2020

Nearest stations: Victoria (Manchester) (0.6 mi)Manchester Victoria (0.6 mi)Salford Central (1.2 mi)Moston (1.2 mi)Oxford Road (Manchester) (1.5 mi)

Interested in this property? Call See phone number 01772 772450

Further Informations

More Information

Property Description

For sale by auction on Thursday, 09 July 2020 at 13:00

Description
Modern three storey (plus roof terrace) detached office and retail building constructed in 2009. Briefly providing ground floor retail units with modern office space to the upper floors which have separate reception entrance. In addition there is a substantial roof terrace area with pod previously occupied as a gymnasium.
Internally the offices are served by two passenger lifts, male and femal WCs plus kitchens to each floor. The offices are in the main subdivided by glazed partitions and benefit from:-
• Raised floors
• LG7 lighting
• Air conditioning

Externally there are 36 surfaced on-site parking spaces.

Location
Prominently situated fromnting Cheetham Hill Road (A665) directly opposite The Fort Retail Park which boasts occupiers such as B&Q, M&S and Asda.
Cheetham Hill Road is one of the main arterial routes leading to Manchester City Centre which is less than 1 mile to the South.

Accommodation
The Point provides the following Net Internal Floor Areas
Ground Floor –
8 no. Retail Units - 8,708 sq.ft (809 m2)
First Floor
10 no. Office Suites – 7,498 sq.ft. (697 m2)
Second Floor
12 no. Office Suites – 7,155 sq.ft. (665 m2)
Roof Terrace
Private Pod – 750 sq.ft. (70 m2)

Total NIA – 24,111 sq.ft (2,241 m2)

Tenancy Schedule
Please refer to the legal pack for the up to date schedule

The Opportunity
• Landmark Building
• Low Capital Value of £114 psf
• Asset Management Opportunity
• 44% vacant
• Increase Floor Area By Enclosing Roof Terrace
• ERV c£314,000 pa when Fully Let


EPC Rating: D

Viewings

Additional Fees
Buyers Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

For sale by auction on Thursday, 09 July 2020 at 13:00

Description
Modern three storey (plus roof terrace) detached office and retail building constructed in 2009. Briefly providing ground floor retail units with modern office space to the upper floors which have separate reception entrance. In addition there is a substantial roof terrace area with pod previously occupied as a gymnasium.
Internally the offices are served by two passenger lifts, male and femal WCs plus kitchens to each floor. The offices are in the main subdivided by glazed partitions and benefit from:-
• Raised floors
• LG7 lighting
• Air conditioning

Externally there are 36 surfaced on-site parking spaces.

Location
Prominently situated fromnting Cheetham Hill Road (A665) directly opposite The Fort Retail Park which boasts occupiers such as B&Q, M&S and Asda.
Cheetham Hill Road is one of the main arterial routes leading to Manchester City Centre which is less than 1 mile to the South.

Accommodation
The Point provides the following Net Internal Floor Areas
Ground Floor –
8 no. Retail Units - 8,708 sq.ft (809 m2)
First Floor
10 no. Office Suites – 7,498 sq.ft. (697 m2)
Second Floor
12 no. Office Suites – 7,155 sq.ft. (665 m2)
Roof Terrace
Private Pod – 750 sq.ft. (70 m2)

Total NIA – 24,111 sq.ft (2,241 m2)

Tenancy Schedule
Please refer to the legal pack for the up to date schedule

The Opportunity
• Landmark Building
• Low Capital Value of £114 psf
• Asset Management Opportunity
• 44% vacant
• Increase Floor Area By Enclosing Roof Terrace
• ERV c£314,000 pa when Fully Let


EPC Rating: D

Viewings

Additional Fees
Buyers Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
23/06/2020 Property listed at £2,750,000

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Disclaimer

Disclaimer Property reference 33_103728. Details are provided and maintained by Auction House. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

First Floor Office Suite

209a Garstang Road

Fulwood, Preston

PR2 9XJ

Telephone: See phone number 01772 772450

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Disclaimer

Disclaimer Property reference 33_103728. Details are provided and maintained by Auction House. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

First Floor Office Suite

209a Garstang Road

Fulwood, Preston

PR2 9XJ

Telephone: See phone number 01772 772450

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

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