Property photos
Leasehold
£700,000
(£163.22/sq. ft)
Property for sale
1-3 High Street West, Glossop SK134,289 sq. ft
Local area information
Property location
Nearby amenities
- Glossop 0.1 miles
- St Mary's Catholic Voluntary Academy 0.2 miles
- Duke of Norfolk CofE Primary School 0.3 miles
- Dinting 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Glossop to find out more about the local area.
Features and description
- Leasehold
- Estimated Rates Payable: £29137.5
Location
The market town of Glossop is located in the county of Derbyshire. It is 5 miles south east of Stalybridge town centre, 9 miles east of the major town of Stockport and 24 kilometres east of Manchester city centre. Glossop falls within the district council of High Peak under the county of Derbyshire . It is a popular busy market town.
The subject property is located fronting onto High Street West at its junction with Victoria Street. It is located in a prominent position fronting the main retailing street within the town at the junction of four main arterial routes. Nearby occupiers include Boots, Well Pharmacy and Betfred.
The property is also located a short distance from Glossop Railway Station and the Howard Town Shopping Park which is anchored by Travel Lodge, Marks & Spencer and Wetherspoons.
Description
Fully tenanted investment property - for sale
The property comprises a two storey building comprises of two ground floor retail units with basement storage and ancillary accommodation. There is also a self-contained first floor office. The property is let to Subway, Ryder & Dutton Estate Agents and a local charity for counselling offices. The property is currently generating a rental income of £49,500 per annum.
Accommodation
The property has the following areas:-
1 High Street West
Ground floor sales, offices & kitchen,
basement stores & first floor WC's (NIA) 136.01 m (1,464.01 ft).
3 High Street West
Ground floor sales, kitchen
& ancillary accommodation (NIA) 109.48 m (1,178.53 ft).
First Floor - 1/3 High Street West - Counselling suite.
Offices & Ancillary Accommodation (NIA) 152.95 m (1,646.35 ft).
Services
The property is connected to mains drainage and gas, water and electricity are connected to public supplies. No tests have been made of any services.
Planning
We understand that the property has the benefit of planning consent falling within Class E of the Town & Country Planning (Use Classes) Order 1987 as amended. Prospective purchasers should make their own enquiries with High Peak Borough Council.
Price
We are instructed to seek offers in excess of £700,000 excluding VAT if applicable.
Tenancy Information
The property is let on the following leases:-
Subway Realty Ltd - 15 year lease commencing on the 4th January 2011 at a rental of £17,000 per annum. This was a low rent agreed in exchange for renovations. The new lease in 2026 will be at a market rent.
Space 4 Living Estate Agents assigned to Ryder & Dutton Estate Agents Ltd - 10 year lease commencing 5th April 2018 at a current rental of £19,000, increasing to £19,500 in April 2026 and £20,000 in April 2027.
Counselling offices - 5 year lease commencing on 1st December 2019 at a rental of £13,500 per annum, which increases to £15,000 from 2029.
Covenant
Subway is one of the World's leading fast food chains with over 37,000 outlets over 100 countries. They have in excess of 1,400 in the UK. They had an annual revenue in 2022 of 16 million dollars.
Ryder & Dutton Estate Agents Ltd - is a well established North West Estate Agent with 16 branches.
The counselling offices are run by a well established local Charity incorporated in 2010. It has a turnover in 2023 of £1,100,907.
Energy Performance Certificate
The property has the following Energy Performance Ratings:
1 High Street West (Ryder & Dutton) e-110
2a Victoria Street (Counselling offices) d-99
3 High Street West (Subway) b-34
Certificates are available on request.
The market town of Glossop is located in the county of Derbyshire. It is 5 miles south east of Stalybridge town centre, 9 miles east of the major town of Stockport and 24 kilometres east of Manchester city centre. Glossop falls within the district council of High Peak under the county of Derbyshire . It is a popular busy market town.
The subject property is located fronting onto High Street West at its junction with Victoria Street. It is located in a prominent position fronting the main retailing street within the town at the junction of four main arterial routes. Nearby occupiers include Boots, Well Pharmacy and Betfred.
The property is also located a short distance from Glossop Railway Station and the Howard Town Shopping Park which is anchored by Travel Lodge, Marks & Spencer and Wetherspoons.
Description
Fully tenanted investment property - for sale
The property comprises a two storey building comprises of two ground floor retail units with basement storage and ancillary accommodation. There is also a self-contained first floor office. The property is let to Subway, Ryder & Dutton Estate Agents and a local charity for counselling offices. The property is currently generating a rental income of £49,500 per annum.
Accommodation
The property has the following areas:-
1 High Street West
Ground floor sales, offices & kitchen,
basement stores & first floor WC's (NIA) 136.01 m (1,464.01 ft).
3 High Street West
Ground floor sales, kitchen
& ancillary accommodation (NIA) 109.48 m (1,178.53 ft).
First Floor - 1/3 High Street West - Counselling suite.
Offices & Ancillary Accommodation (NIA) 152.95 m (1,646.35 ft).
Services
The property is connected to mains drainage and gas, water and electricity are connected to public supplies. No tests have been made of any services.
Planning
We understand that the property has the benefit of planning consent falling within Class E of the Town & Country Planning (Use Classes) Order 1987 as amended. Prospective purchasers should make their own enquiries with High Peak Borough Council.
Price
We are instructed to seek offers in excess of £700,000 excluding VAT if applicable.
Tenancy Information
The property is let on the following leases:-
Subway Realty Ltd - 15 year lease commencing on the 4th January 2011 at a rental of £17,000 per annum. This was a low rent agreed in exchange for renovations. The new lease in 2026 will be at a market rent.
Space 4 Living Estate Agents assigned to Ryder & Dutton Estate Agents Ltd - 10 year lease commencing 5th April 2018 at a current rental of £19,000, increasing to £19,500 in April 2026 and £20,000 in April 2027.
Counselling offices - 5 year lease commencing on 1st December 2019 at a rental of £13,500 per annum, which increases to £15,000 from 2029.
Covenant
Subway is one of the World's leading fast food chains with over 37,000 outlets over 100 countries. They have in excess of 1,400 in the UK. They had an annual revenue in 2022 of 16 million dollars.
Ryder & Dutton Estate Agents Ltd - is a well established North West Estate Agent with 16 branches.
The counselling offices are run by a well established local Charity incorporated in 2010. It has a turnover in 2023 of £1,100,907.
Energy Performance Certificate
The property has the following Energy Performance Ratings:
1 High Street West (Ryder & Dutton) e-110
2a Victoria Street (Counselling offices) d-99
3 High Street West (Subway) b-34
Certificates are available on request.
More information
Listed by
Roberts & Roberts
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