The Workers, 273 Market Street, Whitworth, Rochdale, Lancashire, OL12 8PW
Guide Price* : £120,000 plus
Commercial Investment with Development Potential (STP)
- Commercial Investment
- Development Opportunity (STP)
- Site Area of 0.064 Hectares (0.16 Acres)
- Let to Malthouse Inns PLC
- Current Rent £28,380 Per Annum (not being collected)
- For Sale by Online Auction, If Not Sold Prior
The property comprises a substantial two storey building approximately 466.99 sq m (4,191 sq ft) arranged as ground floor bar area and function room at first floor.
To the rear of the property there is a car parking area.
The property is situated in Rochdale, a town approximately 14 miles north of Manchester and 35 miles south west of Leeds. The town benefits from having excellent road communications with access to Junction 20 of the M62 Motorway via the A627(M) approximately 3 miles to the south.
The property is located in Whitworth, a small village 12 miles north of Rochdale. It occupies a prominent position on the corner with Albert Street in a predominantly residential area.
Long Leasehold - Please see the Legal Pack for further information.
The site may be suitable for redevelopment subject to gaining the necessary consents. Please contact the local planning authority, Rochdale Borough Council. (0300 303 8873 - www.rochdale.gov.uk).
The property is let to Malthouse Inns PLC on a lease expiring on 17 January 2025 at a rent of £28,380 per annum. The tenant is currently not trading from the property and the rent is not being collected.
The property is elected for VAT
Energy Performance Certificate
The Energy Performance Rating is C;54.
|Floor||Use||SQ M||SQ FT||Tenant||Lease Terms||Rent £ PA|
|The Workers||Mens Club & Function Room||456.99||4,919||Malthouse Inns PLC||25 years from 17/01/2000||£28,380|
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2023
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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