Retail / Residential Investment
Retail / Residential Investment 34-36 Moss Road Stretford Manchester M32 0AY
• • • •
Highly prominent location Property refurbished to a high standard Four flats fully let Sale/Leaseback to Spar franchisee
Location The property is located on the east side of Moss Road at its junction with Davyhulme Road east in Stretford, Manchester. Chester Road (A56) is approximately 1 mile to the east which provides easy access to Junction 7 of the M60 motorway 3 miles to the south and into Manchester City Centre approx. 5 miles north east.
General Description The property comprises a substantial double storey, double fronted retail premises of brick construction beneath a pitched tiled roof. The property was completely refurbished around 3 years ago and provides retail accommodation on the ground floor – fitted out as a convenience store and operated as a Spar franchise. On the first floor there are four self contained flats, one 1 bed and three studios. Externally, there is car parking to the front and side of the property together with a yard/parking area to the rear.
Our client has been successfully operating the Spar franchise for 3 years and we understand this is performing well as a business. They are proposing a sale and leaseback of the ground floor on a 15 year lease with no breaks at a rent of £24,000 per annum. The total income for the property would therefore be £49,500 per annum.
Accommodation
Purchase Price Offers in the region of £695,000.
As measured on a net internal basis in accordance with the RICS Property Measurement 1st Edition the areas are as follows:Ground Floor Retail 148.56m2 (1,599 sq ft) Flats not measured
The flats are let on assured shorthold tenancies as follows:-
Total
Believed freehold although interested parties should make the usual formal enquiries.
EPC A copy of the EPC is available on request.
Lease/Tenancies
Flat 1 One Bed Studio Flat 2 One Bed Studio Flat 3 One Bed Studio Flat 4 One Bedroom
Tenure
£500pcm £500pcm £550pcm £575pcm
£2,125 pcm (£25,500 pa)
VAT All figures quoted are exclusive of but may be liable to VAT.
Viewing By appointment with the sole agent:W T Gunson for the attention of Neale Sayle [email protected] Date of Preparation 11/4/2017
• • • •
Highly prominent location Property refurbished to a high standard Four flats fully let Sale/Leaseback to Spar franchisee
Location The property is located on the east side of Moss Road at its junction with Davyhulme Road east in Stretford, Manchester. Chester Road (A56) is approximately 1 mile to the east which provides easy access to Junction 7 of the M60 motorway 3 miles to the south and into Manchester City Centre approx. 5 miles north east.
General Description The property comprises a substantial double storey, double fronted retail premises of brick construction beneath a pitched tiled roof. The property was completely refurbished around 3 years ago and provides retail accommodation on the ground floor – fitted out as a convenience store and operated as a Spar franchise. On the first floor there are four self contained flats, one 1 bed and three studios. Externally, there is car parking to the front and side of the property together with a yard/parking area to the rear.
Our client has been successfully operating the Spar franchise for 3 years and we understand this is performing well as a business. They are proposing a sale and leaseback of the ground floor on a 15 year lease with no breaks at a rent of £24,000 per annum. The total income for the property would therefore be £49,500 per annum.
Accommodation
Purchase Price Offers in the region of £695,000.
As measured on a net internal basis in accordance with the RICS Property Measurement 1st Edition the areas are as follows:Ground Floor Retail 148.56m2 (1,599 sq ft) Flats not measured
The flats are let on assured shorthold tenancies as follows:-
Total
Believed freehold although interested parties should make the usual formal enquiries.
EPC A copy of the EPC is available on request.
Lease/Tenancies
Flat 1 One Bed Studio Flat 2 One Bed Studio Flat 3 One Bed Studio Flat 4 One Bedroom
Tenure
£500pcm £500pcm £550pcm £575pcm
£2,125 pcm (£25,500 pa)
VAT All figures quoted are exclusive of but may be liable to VAT.
Viewing By appointment with the sole agent:W T Gunson for the attention of Neale Sayle [email protected] Date of Preparation 11/4/2017
