449, 449a Bury New Road and 2 Sherbourne Street, Prestwich – Under Offer
Prestwich
Property description
Iconic multi-tenanted investment in the heart of Prestwich Village with a combined income of £62,000pa – Under Offer
449 Bury New Road – 1,050 sq ft
449a Bury New Road – 925 sq ft
2 Sherbourne Street (first floor) – 2,000 sq ft
Description
The property is an end-terraced commercial building with three self-contained commercial units, all of which have undergone significant refurbishment in recent, years.
449 Bury New Road is the corner unit and comprises a large retail area, and with a good-sized storage room to the rear. It has a double basement (beneath 449 and 449a) which includes toilet facilities. It underwent extensive refurbishment in 2024 and is in excellent condition. The basement is dry and useable.
449a Bury New Road comprises a large open-plan seating area with kitchen and toilet facilities to the rear. The property was fully refurbished in 2022 to provide a well-presented large hospitality space.
2 Sherbourne Street is a first-floor premises only, and spans both 449 and 449a Bury New Road. It is accessed from Sherbourne Street which is a small cul-de-sac at the side of the property. This unit was previously used as office space until late 2024, and it has since undergone significant refurbishment and investment to produce a modern and appealing bar and restaurant, with kitchen and toilet facilities.
Location
The property sits within the heart of Prestwich Village, and on one of North Manchester’s most sought after and high performing suburban high streets. It also sits directly opposite the entrance to the Prestwich Village regeneration project. The property is surrounded by a vibrant mix of independent traders and national brands including Gail’s Bakery, Rudy’s Pizza, and Costa Coffee.
It is located within a one minute drive to junction 17 of the M60 orbital motorway, and within walking distance of Prestwich Metrolink. It is also within walking distances of all of Prestwich Village’s shopping amenities to include M&S Foodhall and Aldi.
Investment Particulars
449 Bury New Road is let to a franchisee trading as Bargain Booze. It is let on a 15-year effective Full Repairing and Insuring Lease dated April 2016 and expiring April 2031.
The rent is £25,000pa.
449a Bury New Road is let on a 10-year effective Full Repairing and Insuring Lease dated March 2017 and expiring March 2027.
The rent is £15,000pa.
2 Sherbourne Street is let on a 10-year effective Full Repairing and Insuring Lease dated September 2019 and expiring September 2029.
The rent is £22,000pa.
Location
More information
Call (0)1706 638341 or
Email UsMake an enquiry