Property Details Description An interesting and unique investment opportunity comprising a former station house which has been converted into a two storey restaurant / cafe premises and surrounding land. The site extends to approximately 0.46 Hectares (1.14 Acres) and is let in full to a community interest group at an annual rent of £22,900. Under the terms of the lease the tenants have a 6.5 year rent free period which started on 2nd July 2021 which accounts for £20,000 of the total rent. Internally the building has accommodation arranged over two floors with a large counter / seating area, kitchen, office and further atrium seating to the ground floor with W.C and store areas to the lower ground floor. There is an additional single storey area to the side currently set up as a bicycle shop. Location The property fronts onto Stockport Road (A6) on the corner of Crayfield Road in the centre of popular Levenshulme within easy walking distance of the variety of shops, bars and cafe's. The well used Fallowfield Loop cycle path runs underneath the main building. Levenshulme lies 4 miles north of Stockport and 3 miles south of Manchester. Accommodation Ground Floor: Main seating area, Bar, Kitchen, Office, Cycle shop, disabled W.C. Lower Ground Floor: W.C. facilities, store Approx Site Area Approximately 0.46 Hectares (1.14 Acres). Planning Interested parties should consult direct with the Local Planning Authority: Manchester City Council, Town Hall, Albert Square, Manchester, M60 2LA. Tel: 0161 234 5000. Tenancy The building and surrounding land is let to Station South CIC on a 25 year lease dated 2nd July 2021 at £20,000 per annum, due for review in 2026 and £2,900 advertising income (RPI linked and due for review in 2023). An initial 1.5 years rent free agreement was in place in addition to a further rent free period of 5 years up to the value of £100,000 under the collaboration agreement accounting for significant refurbishment of the existing building. Copies of the lease and collaboration agreement can be found within the legal pack. Costs Details of the Buyer's Premium and any additional fees payable are contained within the legal documents. General 1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder. 2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH APRIL AND CLOSES ON WEDNESDAY 26TH APRIL. 3. The property is entered in the 2017 Rating List as ' Cafe and Cycle Shop' with a Rateable Value of £23,000. The Rateable Value (RV) is not the amount payable. 4. Energy Performance Certificate = B. 5. The site plan uploaded is for indicative purposes only, interested parties should rely on the legal pack for full information. Addendum An initial 1.5 years rent free agreement was in place in addition to a further rent free period of 5 years up to the value of £100,000 under the collaboration agreement