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Didsbury Manchester M20 6Qz

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Didsbury Manchester M20 6Qz 651-653B WILMSLOW ROAD DIDSBURY MANCHESTER M20 6QZ FULLY LET RETAIL & LEISURE PARADE INVESTMENT UNEXPIRED LEASE TERM 0F 12.1 YEARS, 15.7 YEARS TO EXPIRY 651-653B WILMSLOW ROAD DIDSBURY MANCHESTER M20 6QZ INVESTMENT CONSIDERATIONS PROPOSAL ■ Didsbury is an affluent and highly ■ Tesco and Stonegate Pub Company ■ Freehold ■ We are instructed to seek offers in desirable suburb of Manchester t/a Slug and Lettuce have been ■ Car parking to the rear of the site excess of £5,500,000 (Five Million, ■ Popular retail and leisure parade in occupation since 1998 let on a management agreement, Five hundred Thousand Pounds) in the heart of Didsbury Village ■ Attractive AWULT of 12.1 years terminable by either party on subject to contract and exclusive of VAT. This equates to an attractive ■ to break, 15.7 years to expiry 3 months’ notice Fully let to 5 tenants including net initial yield of 7.21% assuming a mix of national and independent ■ Total passing rent of £422,750 ■ Total site area of 1.04 acres purchaser’s costs of 6.61% operators benefiting from a diverse per annum reflecting £25 psf ■ Strong residential values, potential income stream ■ Total floor area of16,977 sq ft to convert the upper parts subject arranged over ground and first floor to planning 651-653B WILMSLOW ROAD S m ed le y R DIDSBURY o a A d 60 AD MANCHESTER M20 6QZ 10 M RO ad A o H 76 D A56 rloo R e OL t A5 a COLLYHURST W A5066 d A62 a e an Ro L e e o l risc 186 da B h B6 c o STRANGEWAYS R SALFORD M60 CRESCENT ad Ro rd fo A d SALFORD 042MANCHESTER ra A B 6 601 6 A VICTORIA A SALFORD 6 0 et 6 re CENTRAL A e St 662 B 5 or eet M602 ri t tr t d S S e g ill e rr re S e t tree S t M 2 6 lk 6 i A S BRADFORD P MANCHESTER Q ri u ay St n ce Oxf s ord s S R t MANCHESTER PICCADILLY o r a e d e t 5 OPENSHAW 3 A6 B6469 OXFORD ROAD ASHT ) ON OLD RO DEANSGATE 7 (M AD 63 6 A5 TRAFFORD PARK 506 A 0 ASHBURYS 5 18 2 5 B H Oxford 65 YDE A6 ROA Ro ad D DEBDALE 67 A50 HULME A51 OLD TRAFFORD 84 BELLE VUE A5 B5219 7 M67 LONGSITE STRETFORD MANCHESTER - DIDSBURY 24 MINUTE DRIVE A6010 M60 A6 W M60 D EL CHORTLTONVILLE AY L IO W ROA WITHINGTON S N B AR SS G GTO LOW M O IN OR R CE O W N K N RO 4 3 PRI A A M60 BURNAGE D A5145 A5103 7 6 1 5 B DIDSBURY A5145 STOCKPORT EAST DIDSBURY M60 M56 LOCATION Didsbury is an attractive suburb of Manchester located approximately 4.5 miles south of Manchester’s city centre along the River Mersey. Manchester is the principle administrative and commercial capital of the North West of England and the largest financial and business centre outside of London. ROAD RAIL TRAM AIR Didsbury benefits from excellent road East Didsbury and Burnage Stations are Manchester MetroLink System provides Manchester Airport is located 8 miles to the communications with the A23 to the east nearby to the subject property and provide light rail communications across the Greater south of Manchester City centre providing providing access into Central Manchester local and Northern Line services. Manchester Manchester conurbation with the subject international flights worldwide. The airport to the north and connections to the M60 benefits from two mainline stations in the city property benefitting from services through benefits from a direct rail link to the city and M56 respectively to the south. centre providing intercity services throughout East Didsbury approximately 0.2 miles to centre with a journey time of 15 minutes. the UK including direct regular services to the south east. London with a fastest journey time under two hours. Slug & Lettuce, 651 Wilmslow Road, Manchester, M20 6QZ 651-653B WILMSLOW ROAD DIDSBURY MANCHESTER M20 6QZ Didsbury is one of Manchester’s most affluent areas and one of the most sought after locations WILMSLOW ROAD © Crown Copyright, ES 100004106. For identification purposes only. SITUATION DEMOGRAPHICS RESIDENTIAL IN DIDSBURY The property is well- Didsbury is one of Manchester’s Didsbury Village has a range of There’s a variety of house types on positioned along Wilmslow most affluent areas and one high street stores as well as a offer, from studio apartments to large Road, the main retail of the most sought after range of independent boutiques family homes. thoroughfare between locations. The suburb has a and designer stores. There A one-bedroom apartment in Didsbury Didsbury and Withington. population of around 50,000 is also a selection of beauty averages around £700 per month and a The pitch provides a and a median age of 31. salons, restaurants and banks. two-bedroom home achieves in the region mix of traditional retail, Didsbury is split into three Didsbury has a thriving of £850. Family homes can market for convenience store, areas, East Didsbury, known community with various events anywhere between £1,000 and £2,000 restaurant and leisure for excellent schools and a taking place throughout per month. occupiers including predominately residential area. the year, including Didsbury Its desirability is reflected in its property Domino’s, Aldi, Slug and West Didsbury is home to a Arts Festival, Didsbury Beer prices which average around £140,000 Lettuce and Costa Coffee. selection of restaurants and Festival, Didsbury Festival for a one bed flat, £300,000 for a semi- Didsbury Village, the centre and West Fest. The title detached and seven figures for a large of the town, which offers a comprises a large site area detached house. vibrant community. of 1.04 acres. created on Plotted Scale - 1:1,250 Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Slug & Lettuce, 651 Wilmslow Road, Manchester, M20 6QZ 651-653B WILMSLOW ROAD DIDSBURY MANCHESTER M20 6QZ E ROAD N PI R ROAD E BEAV A5145 LIBRARY The Original Third Eye BARLOW MOOR R DOG & PARTRIDGE OAD OAD R LD E SCHOOL LANE URCHFI GRENFELL ROAD H C DAV ENFIELD ROAD WILLIAM ST W ROAD O DIDSBURY VILLAGE LIVE LO S S HAPLEY W HITECHAPEL DESCRIPTION AVE WILM ST The property comprises a fully let retail and leisure parade of 5 properties arranged over ground and first floors. B5095 651a – 653 Wilmslow Road provide a parade and 651 Wilmslow Road ELM GROVE is a standalone building the other side YO RK ST of the access to the car parking. Car parking is provided to the rear of the site providing 59 car parking spaces. The title comprises a large site area of 1.04 acres. NE E LA SOUTH ROAD GRANG TENURE Plotted Scale - 1:1,250 created on Freehold. Misrepresentation Act: 1. Allsop LLP on their own behalf and on behalf of the instructing party, whose agents Allsop are, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop nor any of their members nor any person in their employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in D DIDSBURY PARK working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches EandNE enquiries. ROAD Allsop is the trading name of Allsop LLP.
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