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Units 1-15, Urmston Shopping Centre Precinct, Higher Road, Urmston, Manchester, Lancashire, M41 9AB
Guide Price* : £20,000 plus
FOR SALE ON BEHALF OF THE JOINT LIQUIDATORS
- Freehold Ground Rent Investment
- Comprising 17 Ground Rents
- Producing a Rental Income of £5,301 Per Annum
Description
The property is dated, principally two storey local shopping parade being of brick cavity construction with partially painted concrete render finish beneath a flat roof. Elevations incorporate wood frame part single and part double glazed windows.
We have not inspected the property although understand it comprises 15 ground floor retail units each with internal access to ancillary accommodation at first floor level. The property also benefits from a rear service road for unloading and car parking.
Location
The property is located in Urmston, Greater Manchester, approximately 1 mile southwest of the Trafford Centre. Nearby towns include Salford (2 miles), Stretford (2 miles) and Altrincham (8 miles). Road communications are good being located approximately 1 mile from Junction 9 of the M60 Motorway. The property is located on Atkinson Road at its junction with Station Road in an area considered as a secondary retail/leisure location.
Tenure
Freehold under Title Number MAN139907.
Tenancy
The sale comprises the purchase of the freehold title under Title Number MAN139907 comprising of 15 ground floor retail units with one first floor apartment (Apartment 9) which have all been sold off long leasehold on a variety of terms. The properties are mainly commercial premises (restaurants and beauty parlours) on the ground floor with one residential flat above. There is also an additional lease in respect of an Electricity Substation.
In addition, part of the title forms car parking spaces attached to the shopping precinct freehold. This is also subject to a formal lease, dated 1 July 2015 for a term of 20 years.
We understand, from the information we have been provided that the ground rent payable is £5,301 per annum.
A full rental schedule is available within the legal pack.
VAT
Refer to the legal documentation
Energy Performance Certificate
TBC
Note
The pictures are for reference only and buyers are to rely on the title plans for clarification of what is being sold.
Accommodation
| Floor | Use | SQ M | SQ FT | Tenant | Lease Terms | Rent £ PA |
|---|---|---|---|---|---|---|
| GM943923 | Unit 1 | 93.00 | 1,001 | 999 Years | From 18/09/2003 | £100.00 |
| GM934924 | Unit 2 | 106.52 | 1,147 | 999 Years | From 18/09/2003 | £100.00 |
| MAN83123 | Unit 3 | 102.00 | 1,098 | 999 Years | From 08/12/2003 | £100.00 |
| MAN117196 | Unit 4 | 87.80 | 945 | 999 Years | From 28/02/2007 | £100.00 |
| GM950544 | Unit 5 | 104.20 | 1,122 | 999 Years | From 28/11/2003 | £100.00 |
| MAN117197 | Units 6 & 7 | 471.44 | 5,075 | 999 Years | From 28/02/2007 | £100.00 |
| MAN138784 | Unit 8 | 101.60 | 1,094 | 999 Years | From 16/01/2009 | £100.00 |
| MAN330611 | Unit 9 | 105.39 | 1,139 | 999 Years | From 31/10/2018 | £100.00 |
| (Not Registered at Land Reg) | Apartment 9 (First Floor) | 58.00 | 624 | 999 Years | From 17/01/2022 | £50.00 |
| MAN330613 | Unit 10 | 105.29 | 1,133 | 999 Years | From 31/10/2018 | £50.00 |
| MAN330615 | Unit 11 | 105.99 | 1,141 | 999 Years | From 31/10/2018 | £50.00 |
| MAN140259 | Unit 12 | 74.90 | 806 | 999 Years | From 10/02/2009 | £100.00 |
| MAN138763 | Units 13 & 14 | 173.74 | 1,872 | 999 Years | From 16/01/2009 | £100.00 |
| MAN136821 | Unit 15 | 116.14 | 1,250 | 999 Years | From 15/01/2009 | £100.00 |
| MAN132528 | Electricity Sub Station | N/A | N/A | 99 Years | From 28/06/1967 | £1.00 |
| (Not Registered at Land Reg) | Car Park | N/A | N/A | 20 Years | From 01/07/2015 | £4,000 |
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2025
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