22/24 Yorkshire Street Oldham, Greater Manchester OL1 1SB
Location Estimated District Population: 217,000 Miles: 6 miles south of Rochdale 8 miles east of Manchester 12 miles south-east of Bury
Roads: A627, A67(M), M62
Position The property is located in a prominent location on Yorkshire Street at its junction with Queen Street and close to its junction with High Street.
Nearby: Primark, Sports Direct, Poundland, Boots the Chemist, T J Hughes and branches of Barclays, Santander, NatWest and Northern Rock banks
Description SHOP arranged on the ground, basement, first and second floors.
Present Accommodation (approximate areas) Floor
Accommodation
Ground Basement First Second
Sales/Ancillary Ancillary Ancillary Ancillary
Total Commercial Area
Lease Term: 10 years from 17th May 2011 Basis: FRI Rent: £30,000 per annum
Increase: 2016 – £35,000 per annum Expiry: May 2021
Fixed
VAT is applicable to this lot – please see Special Conditions of Sale.
Tenure Freehold.
Tenant CASH CONVERTERS (UK) LIMITED (1)
Extract reproduced from 1998 Edition of the Goad Plan
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Rent £30,000 pa
Prominent Freehold Retail Investment • Let to Cash Converters (UK) Limited
Net Internal Areas
177.43 sq m 71.06 sq m 171.86 sq m 67.35 sq m
487.70 sq m
(1,910 sq ft) (765 sq ft)
(1,850 sq ft) (725 sq ft)
(5,250 sq ft)
(1) Trading as Cash Converters, who for the year to 06/10 reported a turnover of £21.4 million, pre-tax profits of £700,000 and total assets of £13 million. (Source: One Source One-Stop Report)
• New 10 year lease from May 2011 (no breaks)
• Fixed Rental Increase to £35,000 pa in 2016
• 30Working Day Completion available
aThe Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Zatman & Co Solicitors, t: 0161 832 2500. e: daniel@zatman.com Ref: D Berger Esq.