We are pleased to offer for sale a substantially extended retail property with separately accessed tenanted flat.
The property has been owned and occupied as a carpet and flooring showroom for many years, by a local family business.
In our opinion the property offers significant development potential and could be converted into numerous separate units, most suitably 2 no. individual retail units to the front and an arrangement of separately accessed flats, subject to planning.
Currently the first floor above 31 comprises a tenanted flat with independent access from the front. The first floor above 33 could be readily converted into a flat, although a separate access will need to be created. The remaining ground floor accommodation is used for retail and storage purposes by the current owner and the extended rear section could be separated into further units, with access from the rear, subject to planning.
The property is prominently positioned fronting the A574 Lovely Lane, close to the roundabout junction with the A57 Sankey Way.
Surrounding occupiers are predominantly retailers fronting Lovely Lane and there is a McColls Convenience store at the end of the opposite terrace.
Net Internal Area
Ground: 224.6 m 2,418 ft
First (above 33): 42.5 m 455 ft
Total: 266.9 m 2,873 ft
The first floor above 31 is the tenanted flat, the size of this has not been included in the above measurement.
Mains electricity, water and drainage are connected.
Rates
Rateable Value: £15,150.
Rates Payable 2021/22: £7,559.85.
31A is subject to Council Tax payments.
Should the space above 33 be converted into a flat, this will be liable for Council Tax payments, the same as 31A.
Asking Price
£280,000.
Long Leasehold for a term of 999 years from 2 February 1870.
We understand that the property is not elected for VAT, however, for the avoidance of doubt the above asking price is quoted exclusive off VAT.
Each party to be responsible for their own legal costs incurred in this transaction.
Contact: Rob Bates