2 Drake Street & 13 South Parade Chambers, Rochdale, OL16 1LU

Location

The subject property is prominently situated fronting onto both Drake Street (A6223) and South Parade, just a short walk from the main retail and leisure offering of Rochdale Town Centre, which has benefited from considerable regeneration in recent years. The property is a short walk from Rochdale Bus & Tram Interchange, providing direct access to Manchester City Centre, which lies 15 miles to the south, as well as regular access to surrounding areas and towns.

The immediate surrounding area comprises a mixture of independent retailers, offices, cafes and apartments.

Notable nearby occupiers include JD Wetherspoon, Rochdale Post Office, The Job Centre and Rochdale Exchange Shopping Centre, together with a number of independent operators, including takeaways, estate agents, solicitors and salons.

Description

The subject property comprises a three storey, 19th Century mixed-use commercial building of traditional masonry construction, set beneath a pitched and slated roof covering.

Nearby properties, including the subject property, have recently benefitted from The South Parade and Drake Street Improvement Scheme, which was a collaboration between Rochdale Borough Council and Historic England, which has transformed 12 nearby properties. Having lost their original features, the properties have undergone extensive works to the exterior, including roof repairs, new windows and rendering. The property is not listed, however is located within Rochdale Town Centre Conservation Area.

The property itself comprises a mixed-use commercial building, providing for a ground floor retail unit with self-contained studio office accommodation above.

The ground floor accommodation provides for a takeaway, incorporating customer seating area, serving counter and kitchen/food preparation area to the rear. The property has a basement and small yard area to the rear.

The first floor accommodation comprises a self-contained studio office, accessed via a pedestrian entrance door which is situated to the right hand side of the ground floor retail unit. There is a timber staircase leading to first and second floor offices, which are generally cellular in configuration and provide for a number of spacious offices, reception area, meeting rooms, ancillary stores and amenities.

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The mains services connected to the property include water supply, gas supply, electricity supply and of course, mains drainage.

Please note that Turner Westwell Commercial Agents have not tested any of the service installations or appliances connected to the property.

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Offers in the Region of £225,000.

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VAT may be applicable and if so, we expect the transaction to be treated as a Transfer of a Going Concern (TOGC).

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Ground Floor - Tenant holding over on expired 10 year lease from May 2013 - annual rent £8,500 per annum.

First & Second Floors - Tenant holding over on expired 6 year lease from July 2012 - annual rent of £6,500 annum.

*Further information and copy of lease documents are available on request.

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The property is held Leasehold, under Title Number GM916506, for a term of 999 years from 1st November 1873, therefore having 848 years unexpired.

Legal Costs

Each party are to be responsible for their own legal costs involved in the transaction.

EPC

Ground Floor & Basement - Energy Efficiency Rating C.

First & Second Floors - Energy Efficiency Rating D

The certificates are valid until 26th March 2033. Full copies of the Reports are available upon request.

Viewings

Strictly by appointment with the sole agents TURNER WESTWELL COMMERCIAL AGENTS.