Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

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

not specified / Other

For Sale - £535,000.00

Under Offer - Last updated: 15 February 2023

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 4 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. It is currently let to 4 individuals on a single AST until 30th June 2023 for a monthly rent of £1,491 (equivalent to £17,892 per annum). The total income for the entire property is therefore £33,892 per annum. 4 guarantors are provided along with a rent deposit of £1,720.38.

A video tour of 156a (from 2021, pre-letting) can be found here.

( Agency Pilot Software ref: 1281 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £535,000.00 NA

Email me updates about similar new properties

Show similar properties

Contact agents

WT Gunson

WT Gunson

0161 401 1150

Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):

Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.