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Cheetham Street, Middleton
Property SummaryA superb investment / development opportunity close to Middleton town centre. A former gym with potential to convert to either apartments or HMO usage subject to planning consent. Parking area. There is the option to purchase the equipment and continue usage as a gym / leisure centre.
INVESTMENT / DEVELOPMENT OPPORTUNITY Unicorn House, until recently, traded as a superbly equipped gym and leisure centre. The equipment and facilities are still in situ so an opportunity exists to take over what has been a popular venue for many years.
Unicorn House represents a wonderful medium to long term investment.
Historic plans were drafted with a view to converting to 12 flats. Equally, given the demand for homes in multiple occupation and the exceptional yields that they provide to professional investors this is an obvious direction of travel for the astute business person.
The building, built circa 1970's, is largely an open plan double storey arrangement presenting a more straightforward template for conversion. Of added significance is the rear car parking area.
Currently there are opportunities for projects near to core areas within town centres to achieve permitted development, though these discussions are yet to take place. Given the site is opposite a retail park and across the road from the Middleton shopping centre the prospects are very strong for this possibility.
The convenient location, off Manchester Old Road, means that bus services including the station are within walking distance also the motorway is just a short drive away.
The contract arrangements will be flexible and will offer an option to purchase, subject to planning, if the scheme is deemed favourably, on a pre-planning application by the local planning officers.
THE ACCOMMODATION COMPRISES
ENTRANCE LOBBY 14' 5" x 6' 5" (4.39m x 1.96m)
LADIES CHANGING ROOMS 23' 3" x 23' 1" (7.09m x 7.04m)
LOWER GYM 45' 3" x 36' 2" (13.79m x 11.02m)
CHANGING ROOM, SAUNA, SHOWERS 43' 4" x 39' 9" (13.21m x 12.12m)
UPPER GYM 45' 3" x 49' 0" (13.79m x 14.94m)
UPPER FOYER 23' 6" x 27' 10" (7.16m x 8.48m) Measurement includes stairwell and kitchenette
UPPER SPINNING ROOM 17' 6" x 17' 8" (5.33m x 5.38m)
UPPER WORKOUT ROOM 25' 0" x 35' 0" (7.62m x 10.67m) Measurement is into the eaves.
UPPER STORE ROOM 7' 11" x 8' 7" (2.41m x 2.62m)
FIRST FLOOR OFFICE 7' 10" x 8' 9" (2.39m x 2.67m)
INNER UPPER LOBBY 7' 4" x 7' 4" (2.24m x 2.24m)
INNER LOBBY 15' 4" x 8' 4" (4.67m x 2.54m)