Manchester
Thornbury Way,
Hyde Road, Gorton
M18 7EE
0.32 Hectare (0.80 Acre)
Location
The site is located in the Gorton area of Manchester on the A57 Hyde Road approximately 1 mile from Bellevue and approximately 3 miles to the east of Manchester city centre. The site can be accessed from both directions. It is situated in close proximity to a Somerfield foodstore and a KFC drive-thru restaurant. A Tesco Extra is currently under construction approximately 100 metres away. There is also significant residential accommodation in the area.
Description
The site comprises a Total petrol filling station, consisting of four pump islands in a four square formation under a large canopy and a single storey shop. The site also contains an open parking area to the rear.
The site extends to approximately 0.32 hectare (0.80 acre).
Trading
The site is offered subject to a fuel supply agreement. Further details will be released to shortlisted parties.
Year |
Fuel /Litres |
Shop |
Valeting |
Other income |
2005 |
4,192,342 |
£588,422 |
£6,779 |
£7,432 |
2006 |
3,626,108 |
£718,715 |
£7,615 |
£6,332 |
2007 |
3,816,591 |
£651,148 |
£8,498 |
£7,141 |
Revenues exclude VAT.
Planning
Officers have indicated the site would be suitable for mixed-use (residential/ retail) development. Any redevelopment will be subject to the provisions of the lease.
Environmental Condition & Indemnity
An Environmental Report Summary of the property is included within the Further Information section, which outlines the reports carried out on the site. Prospective purchasers will be able to undertake updated Environmental Assessments at their cost, following exchange of contracts, in order to satisfy themselves on the condition of the property. Copies of previous reports will be available for shortlisted parties, subject to assignment from the respective consultants. The successful purchasers will be required to provide an environmental indemnity to the Vendor for all past or future contamination.
Tenure
The site is currently let on a long ground lease for 99 years from 3/1/1985 at a current passing rental of £9,750 per annum. The lease is subject to 10 yearly rent reviews and the 2005 rent review is outstanding. The council have served notice on the rent review and also retain certain rights over redevelopment of the site. A copy of the lease, deed of variation and licence to assign are available from the Further Information section. If acquired as a trading site, TUPE regulations will apply and wet and dry stock is to be purchased at cost upon completion.
Offers
The preference is for unconditional offers to be submitted. However, conditional offers upon planning will also be considered. All offers must be accompanied by details of funding for the proposed acquisition. Conditional offers must include full supporting information together with site layout plans and details of conditions.
All offers are to be submitted to Mark Frostick no later than 12 noon on Friday 18th July 2008. Our clients do not bind themselves to accept the highest or any offer received. Prior to submitting any offer, interested parties should refer to the sale contract detailing the conditions of the disposal and other relevant information, found in the Further Information section.
All offers are to be set out on the Schedule provided.
Stamp Duty
Stamp duty will apply on the sale of this property.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
VAT
Value Added Tax will be charged at the prevailing rate.
Viewing
Strictly by appointment through the sole agent.
Staff are unaware of the impending sale and no formal viewings will be undertaken. The site is currently trading and can be inspected as a "customer". Under no circumstances should the staff be approached regarding the sale.
Contact
Paul Mather - 0161 817 6227 - pm@rapleys.co.uk