Prime “Curry Mile” Tenanted Restaurant & Function Room – Let at £78,000 pa

A rare opportunity to acquire a freehold tenanted three storey restaurant with function room and ancillary accommodation on the “Curry Mile” in Rusholme. The building briefly comprising ground floor restaurant (not licensed for alcohol) with kiosk to the front selling fruit juices and smoothies, to the rear is a kitchen area. The first floor provides an open plan function room. The second floor hasn’t been inspected but is understood to provide offices and storage with shower room. Location The building is located in the popular “curry mile” area of Rusholme which has the largest concentration of Asian and Middle Eastern restaurants in the UK. The area is also popular with students, being near the Oxford Road and Fallowfield Campuses of the University of Manchester, Xaverian College and the Oxford Road/All Saints campus of the Manchester Metropolitan University. Wilmslow Road connects directly to Manchester City Centre (approximately 1.5 miles to the north) via Oxford Road B5117. Tenancy: We have been provided with a copy lease showing the property is currently let to a Limited Company with Personal Guarantees for 15 years from 1st March 2020 at an annual rent of £78,000pa, the lease incorporates 3 yearly rent reviews and the security of tenure provisions of the Landlord & Tenant Act have been excluded. A copy of the lease is contained within the legal pack Accommodation The VOA list the property as “restaurant and premises” providing the following net internal floor areas: - Description m² Ground floor - restaurant 166.2 Ground floor - kitchen 38.5 First floor - function room 203.8 Second floor - internal storage 113.5 Basement - internal storage 112 Total 634 m2 / 6,824 sq.ft. Tenure: Freehold Title number: 199 WILMSLOW ROAD, MANCHESTER, M14 5AQ TITLE NUMBER GM855054 201 WILMSLOW ROAD, MANCHESTER, M14 5AQ TITLE NUMBER LA3515

Tenure

Freehold

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/ ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Manchester City Council

Solicitors

Irwin Mitchell, Ref: Irwin Mitchell

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.