Prime Retail Investment 725 & 725a Road , M20 6WF 725 & 725a, , Didsbury, M20 6WF Executive Summary

• An opportunity to acquire a prominent retail unit in the affluent South suburb of Didsbury.

• Prime location fronting Wilmslow Road in Didsbury Village.

• Ground floor retail unit let to Cats Protection Trustee Limited by way of new a ten year lease commencing 1 September 2019, subject to a tenant’s option to determine on 2 March 2025.

• First floor apartment, separately accessed, and let by way of a 12 month AST.

• Total rent passing of £33,400 per annum.

• Freehold.

• Offers are sought in excess of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6.38%, after allowing for purchasers costs. RAMSOTTOM

A58 M62

ROCDALE 725 & 725a, Wilmslow Road, Didsbury, M20 6WF A664 R A58 M62 Location A58 A58 OLTO M66

A676

A666 M62 A56

The village of Didsbury is one of OLDAM

Manchester’s most sought after M60 M61 residential locations. It is a busy and M60 A62 PRESTWC A576 affluent suburb of South Manchester, A56 located approximately 5.4 miles (8.7 km) A627 south of . A6 SALFORD A665 M602 A670 It benefits from excellent transport links, situated MACESTER approximately 1.5 miles (2.4 km) from junctions ECCLES A57(M) A635 3 & 4 of the M60 Orbital Motorway. In addition, A5063 M62 M60 these junctions form the confluence of the M60, the M56 and the A34. A57 M67 A57 M60 Didsbury also benefits from excellent rail and tram connections, being serviced by East Didsbury Train Station, on the line between Manchester Piccadilly A6 and Manchester airport, in addition to the Metrolink A5103 A34 line between Chorlton Cum Hardy and East Didsbury. The Metrolink provides stops at Burton Road, West Didsbury, Didsbury Village and East Didsbury. A56 M60 STOCPORT

ALTRCAM M56 A34

A523 M56 MACESTER TERATOAL ARPORT

A538 WLMSLOW A556 A34 725 & 725a, Wilmslow Road, Didsbury, M20 6WF

Situation 725

Wilmslow Rd Fog Ln The property occupies a prime position Parkfield Rd S Fog Ln fronting Wilmslow road in Didsbury Village. Clothorn Rd Raynham Ave Other neighbouring occupiers include Rd arlow Moor Rd Belfield Rd Greggs, Toni & Guy and Bridgefords. Moorland Rd In addition, the immediate locality includes Atwood Rd Willow Way a good range of bars, restaurants and Ca�erick Rd insway

Eversley Rd Shool Ln Atwood Rd retailers, including representation from runage Ln national retailers such as Boots, M&S Simply Albert Hill St ld a St Food, Natwest, HSBC and Co-Op. Rd Wilmslow Shool Ln Dene Rd

Parrs Wood Rd Sandhurst Rd

runage Ln

Wilmslow Rd Ford Ln

insway

DDSR Didsbury Par Didsbury Rd

Parrs Wood Ln Wilmslow Rd

Wilmslow Rd

Parrs Wood Rd 725 & 725a, Wilmslow Road, Didsbury, M20 6WF Description Accommodation

The property forms a ground floor retail unit We have measured the retail unit in accordance with a separately access first floor apartment. with the RICS Code of Measuring Practice (6th Edition) and we have been provided with floor The retail unit has recently been let to the tenant and consequently benefits from a new fit-out. The first floor areas in respect of the apartment. The property is accessed from the rear of the property and provides a has the following Net Internal floor areas: recently refurbished duplex apartment comprising; living room, kitchen, double bedroom, bathroom and loft room. Access to the apartment is via Old Oak Street.

Unit Sq ft Sq m

Retail unit 672 62.43

Apartment

First floor 567 52.70

Loft room 203 18.80

TOTAL 1,442 133.93 725 & 725a, Wilmslow Road, Didsbury, M20 6WF Tenancy

The retail unit is let by way of a new ten-year lease commencing 1 September 2019 to Cats Protection Trustee Limited. The lease is subject to a tenant’s option to determine on 2 March 2025 and the rent passing is £25,000 per annum. There are therefore approximately five years unexpired.

The residential apartment is let by way of a 12-month AST from 1 April 2019 at a rent of £8,400 pa.

The total rent is therefore £33,400 per annum. 725 & 725a, Wilmslow Road, Didsbury, M20 6WF Covenant

Cats Protection Trustee Limited are the sole trustee of the Registered Charity, Cats Protection. They act as the corporate trustee of Cats Protection and assets in their name are held for and on behalf of the Charity. Due to this, they have no income or expenditure and have made neither a profit nor a loss. 725 & 725a, Wilmslow Road, Didsbury, M20 6WF Tenure, VAT & EPC

Tenure Freehold

VAT The property has been elected for VAT. As such VAT will be payable on the purchase price unless the sale can be treated as a Transfer of a Going Concern.

EPC The retail unit has an EPC Rating of D. A full copy of the EPC report is available upon request. Proposal

Offers are sought in excess of £500,000 Further information For further information please contact: (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this Martin Hamer level would reflect a Net Initial Yield of 6.38%, 0161 833 9991 after allowing for purchasers costs. 07792 00 44 67 [email protected] Having sought local residential agency advice, MISREP: The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and we believe the apartment has a value in the other details contained here in is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. Edwards & Co nor any of its order of £175,000. Adopting this value provides employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property. Rents ad prices quoted in these particulars may be subject to VAT in addition. The reference to any an apportioned value for the retail element of mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fulfilling its intended function. Prospective tenants/purchasers should satisfy £325,000. This would therefore reflect a Net Initial themselves as to the fitness of such equipment for their requirements. Yield of 7.43% on the retail income. Designed by Studio eNaR – studioenar.co.uk

Anti-money Laundering Regulations In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.