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    The Chancel, Grey Street, M25

    £275,000

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    Property Calculators

    Property Value (£)
    Deposit (£) 10.00%
    Duration (Years)
    Interest Rate (%)

    Mortgage

    Estimated Monthly Mortgage Payment:
    £1,306 /mo.
    25 Years, 4% Interest
    Loan
    £247,500
    Total Repay
    £391,919

    Commercial Stamp Duty

    You’ll have to pay the stamp duty of:
    £3,250
    0% up to £150,000
    2% from £150,000 to £250,000
    5% from £250,000 to £275,000
    Your effective stamp duty is 1.18%

    If you would like to discuss your options with one of our expert mortgage advisors, click the link below.

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    e: lettings@normie.co.uk

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    £275,000

    The Chancel, Grey Street, M25

    Key Information

    Tenure:Not available
    Council tax band:H

    Key Features

    Ground Floor of Former Church (now in educational use)
    GIA: 2,927 Sq Ft (271.93 Sq M)
    Fully Let Investment Producing £18,000 Per Annum
    Long Leasehold Interest (850 years from 1 January 2005)
    Well located off Heaton Street, close to Heaton Park Metrolink, Prestwich Village, and major transport links.
    Established tenant in continuous occupation since 2019.
    Benefits from modern services including gas central heating and full alarm systems.

    Description

    Heaton Park School Premises (Former Heaton Park Congregational Church)

    Bailey Street, Prestwich, Manchester, M25 1RH

    The property comprises part of the ground floor of a modern development, which combines residential accommodation above with this self-contained educational premises at ground level.

    The accommodation is currently occupied and operated by an established independent school, which has been in successful use for several years. Internally, the premises are arranged to provide flexible teaching and administrative areas, together with staff and pupil facilities.

    Accommodation Schedule

    Main Teaching Hall

    • Sq Ft: 575

    • Sq M: 53.40

    Classrooms and Ancillary Areas

    • Sq Ft: 1,450

    • Sq M: 134.71

    Entrance / Reception

    • Sq Ft: 460

    • Sq M: 42.72

    Kitchen

    • Sq Ft: 136

    • Sq M: 12.63

    W/C Block

    • Sq Ft: 307

    • Sq M: 28.47

    Total Approximate GIA

    • Sq Ft: 2,927

    • Sq M: 271.93

    (All measurements taken in accordance with the RICS Code of Measuring Practice.)

    The space includes:

    • Entrance lobby and reception area

    • Main teaching hall

    • Additional classrooms and ancillary rooms

    • Kitchen and W/C block

    Externally, there is a small off-street parking area and a walkway directly in front of the property fronting Bailey Street.

    The premises benefit from modern services, including gas-fired central heating, fire and intruder alarm systems, and mains connections for gas, water, and drainage.

    Location

    The property occupies a prominent position on Bailey Street, just off Heaton Street, within easy reach of Heaton Park Metrolink, Prestwich Village, and Bury New Road. Prestwich Town Centre is approximately 0.5 miles to the south, with Manchester City Centre around 3.5 miles away.

    Tenure

    Long Leasehold Interest - 850 years from 1 January 2005.

    Tenancy

    The premises are let to a school operator on a standard occupational lease, currently producing £18,000 per annum, with scope for rent review. The tenant has been in continuous occupation since 2019 and continues to trade successfully from the premises.

    VAT

    We understand the property is not elected for VAT.

    Legal Fees

    Each party will be responsible for their own legal costs incurred in any transaction.

    Viewing

    For further information or to arrange a viewing, please contact the sole agent.

    Normie Estate Agents
    0161 773 7715
    Sales@normie.co.uk