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309 Hale Rd 1,218 SF Retail Building Altrincham WA15 8SS $461,526 CAD ($378.92 CAD/SF)
INVESTMENT HIGHLIGHTS
- Natural light
- Signage
- Versatile use
EXECUTIVE SUMMARY
The property comprises of a mid terrace fully fitted restaurant of traditional brick construction with a pitched slate roof. The ground floor is fitted as a traditional chinese restaurant with open plan customer seating and bar to the front with a commercial kitchen to the rear. At first floor there are customer W/c’s and additional function room / storage space.
The property is held freehold and is to be sold with the benefit of a lease to Yee Wan Tong for a term commencing 25th December 2014 and expiring 24th March 2031 at a passing rent of £18,750 per annum. The lease is subject to 5 yearly rent reviews with the next review due March 2026. There are no break clauses.
The lease is drafted on full repairing and insuring terms with the landlord to insure the property and recover from the tenant.
The property is held freehold and is to be sold with the benefit of a lease to Yee Wan Tong for a term commencing 25th December 2014 and expiring 24th March 2031 at a passing rent of £18,750 per annum. The lease is subject to 5 yearly rent reviews with the next review due March 2026. There are no break clauses.
The lease is drafted on full repairing and insuring terms with the landlord to insure the property and recover from the tenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,218 SF
Building Class
C
Year Built
1900
Price
$461,526 CAD
Price Per SF
$378.92 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.95
Lot Size
0.03 AC
Frontage
15’ on Hale Road
1 1
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309 Hale Rd
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