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8-12 Old Market Pl 1,761 SF 100% Leased Office Building Altrincham WA14 4DN $664,329 ($377.25/SF)
Investment Highlights
- Versatile use
- Basement
- Signage
Executive Summary
The property features two distinct commercial units spanning the ground and basement floors, situated within a mid-terrace parade of traditional brick construction.
With modern double-glazed aluminium shop fronts, Unit 8-10 offers an open-plan layout, separate meeting room, kitchenette, individual toilets, and basement storage access.
Unit 12 comprises a main retail area with versatile back rooms for treatments and essential facilities like a kitchen and restroom.
£485,000 + VAT The property has been registered for VAT purposes and may be dealt with as a TOGC.
The property will be disposed of by way of a new 999 year long lease. Note that the sellers will retain the freehold.
No.12 is let to Hair By Ella Darcy for a term of 10 years expiring 30th September 2031 with an upwards only open market rent review at year five. Passing rent is £15,000pax with an ERV of £18,000pax.
With modern double-glazed aluminium shop fronts, Unit 8-10 offers an open-plan layout, separate meeting room, kitchenette, individual toilets, and basement storage access.
Unit 12 comprises a main retail area with versatile back rooms for treatments and essential facilities like a kitchen and restroom.
£485,000 + VAT The property has been registered for VAT purposes and may be dealt with as a TOGC.
The property will be disposed of by way of a new 999 year long lease. Note that the sellers will retain the freehold.
No.12 is let to Hair By Ella Darcy for a term of 10 years expiring 30th September 2031 with an upwards only open market rent review at year five. Passing rent is £15,000pax with an ERV of £18,000pax.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Subtype
Office/Residential
Building Size
1,761 SF
Building Class
C
Year Built
1990
Price
$664,329
Price Per SF
$377.25
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
587 SF
Building FAR
1.01
Lot Size
0.04 AC
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8-12 Old Market Pl
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