156 and 156a Burton Road, Didsbury, Manchester, M20 1LH

The premises comprise a mid-terraced, mixed use property with commercial/restaurant space to the ground floor, and a separately accessed flat over first and second floors.

The ground floor is leased to The Everybody Wine Company Limited (by assignment, with an Authorised Guarantee Agreement) until 4th December 2026 (approximately 3.5 years unexpired) at a passing rent of £16,000 per annum.

The property is in good condition, with an open plan seating area and commercial kitchen and public WCs to the rear. There is a basement for additional storage which has not been tanked/damp proofed but provides basic storage. A walk-in chiller is present in the basement which we understand pre-dates the assignee.

The lease provided for a rent review in December 2020 although this was not triggered; time is not of the essence so this review could be exercised retrospectively. A rent deposit of £4,800 is held by the landlord (or their nominated representative). The Everybody Wine Company have an Experian rating of 63 / Below Average Risk. The rent of £16,000 per annum breaks back to circa £36.36 per sq.ft In Terms of Zone A (ITZA).

156a is accessed via an external staircase to the rear of the property and appears to have gas central heating, have UPVC double glazing. We are advised that this has been let (with a rent deposit taken) for the period 7/7/2023 - 31/7/2024 to 4 individuals, each with their own guarantor, for a rent of £1,800 per calendar month.

The total monthly income for the entire premises is therefore £3,133.33. A video tour of 156a (from 2021) can be found here - https://www.youtube.com/watch?v=cVCdUTaBr4Q

( Agency Pilot Software ref: 1281 )