Size: 1,642 Sq Ft (152.54 Sq M)
For Sale
Property Details
For Sale: £225,000 Offers In The Region Of
Key Features
Prominent mixed commercial investment property
Fully let, producing £15,000 per annum exclusive (ERV £18,000 per annum)
Let to 2 x long-standing Tenants
Walking distance of Rochdale Bus & Tram Interchange
Recently benefitting from Improvement Scheme works to include new windows, shop front works, rendered front elevations and new roof and roof line
Located in Rochdale Town Centre Conservation Area
Busy town centre position, close to Exchange Shopping Centre
Popular ground floor takeaway with self-contained professional studio offices above
999 year lease (effective Freehold)
Offers in the Region of £225,000
Description
The subject property comprises a three storey, 19th Century mixed-use commercial building of traditional masonry construction, set beneath a pitched and slated roof covering.
Nearby properties, including the subject property, have recently benefitted from The South Parade and Drake Street Improvement Scheme, which was a collaboration between Rochdale Borough Council and Historic England, which has transformed 12 nearby properties. Having lost their original features, the properties have undergone extensive works to the exterior, including roof repairs, new windows and rendering. The property is not listed, however is located within Rochdale Town Centre Conservation Area.
The property itself comprises a mixed-use commercial building, providing for a ground floor retail unit with self-contained studio office accommodation above.
The ground floor accommodation provides for a takeaway, incorporating customer seating area, serving counter and kitchen/food preparation area to the rear. The property has a basement and small yard area to the rear.
The first floor accommodation comprises a self-contained studio office, accessed via a pedestrian entrance door which is situated to the right hand side of the ground floor retail unit. There is a timber staircase leading to first and second floor offices, which are generally cellular in configuration and provide for a number of spacious offices, reception area, meeting rooms, ancillary stores and amenities.
Location
The subject property is prominently situated fronting onto both Drake Street (A6223) and South Parade, just a short walk from the main retail and leisure offering of Rochdale Town Centre, which has benefited from considerable regeneration in recent years. The property is a short walk from Rochdale Bus & Tram Interchange, providing direct access to Manchester City Centre, which lies 15 miles to the south, as well as regular access to surrounding areas and towns.
The immediate surrounding area comprises a mixture of independent retailers, offices, cafes and apartments.
Notable nearby occupiers include JD Wetherspoon, Rochdale Post Office, The Job Centre and Rochdale Exchange Shopping Centre, together with a number of independent operators, including takeaways, estate agents, solicitors and salons.