For Sale - Mixed Use Income Producing Investment AWS
For Sale - Mixed Use Income Producing Investment 241 Manchester Road West, Little Hulton, Manchester, M38 9XE 1,426 ft² (132.48 m²)
Income producing investment Prominently Positioned along Busy Main Road Value Adding Potential 6 Years Left of Current 10 year Lease
Description
Tenure
The property provides and end terraced retail unit with first floor living accommodation, available as an income producing investment. We have been advised that the ground floor is currently let on a ten year lease with approximately 6 years unexpired and is currently being utilised as a convenience store, the property also has the benefit of an A5 Hot food licence. The ground floor retail tenant is currently paying £8,840 per annum.
Freehold
The first floor provides a two bedroom flat currently vacant and in need of refurbishment but with the potential to bring in a annual rental of between £5,500 to £6,600. The ground floor provides a retail area to the front with a storage area to the rear, along with WC facility. The unit also benefits from a suspended ceiling, comfort cooling heating and AC unit, with further cellar space available suitable for storage. The ground floor had previously been split, with the rear of the building used as a café with its own separate entrance. The first floor flat is decorated to a basic standard and some refurbishment would be required . The flat benefits from gas central heating and double glazed windows. Externally the property is secured with manual shutters over the windows and doors. To the side of the property is an unadopted road which provides off road parking spaces for potential customers Location The property is situated in a prominent position on Manchester Road in Little Hulton, located amongst a mix of residential and other local retail occupiers. The property benefits from good transport connections, situated to Junction 4 of the M61 motorway, providing connections with the M60 motorway, which ultimately provides connections to the national motorway network. Accommodation 1,426 ft² (132.48 m²). The property has been measured in accordance with the RICS code of measuring practice 6th Edition on a Net Internal Area basis (NIA)
Price £125,000 For Sale Planning Use A1 Retail,A5 Hot Food Takeaway,C3 Residential Homes, Dwellinghouses EPC A copy of the EPC is available on request. VAT VAT may be applicable at the prevailing rate Business Rates Rateable Value £7,400 Viewing Viewing by way of appointment through the sole agent Miller Metcalfe Commercial Felicity Middleton 01204 221063 [email protected]
Income producing investment Prominently Positioned along Busy Main Road Value Adding Potential 6 Years Left of Current 10 year Lease
Description
Tenure
The property provides and end terraced retail unit with first floor living accommodation, available as an income producing investment. We have been advised that the ground floor is currently let on a ten year lease with approximately 6 years unexpired and is currently being utilised as a convenience store, the property also has the benefit of an A5 Hot food licence. The ground floor retail tenant is currently paying £8,840 per annum.
Freehold
The first floor provides a two bedroom flat currently vacant and in need of refurbishment but with the potential to bring in a annual rental of between £5,500 to £6,600. The ground floor provides a retail area to the front with a storage area to the rear, along with WC facility. The unit also benefits from a suspended ceiling, comfort cooling heating and AC unit, with further cellar space available suitable for storage. The ground floor had previously been split, with the rear of the building used as a café with its own separate entrance. The first floor flat is decorated to a basic standard and some refurbishment would be required . The flat benefits from gas central heating and double glazed windows. Externally the property is secured with manual shutters over the windows and doors. To the side of the property is an unadopted road which provides off road parking spaces for potential customers Location The property is situated in a prominent position on Manchester Road in Little Hulton, located amongst a mix of residential and other local retail occupiers. The property benefits from good transport connections, situated to Junction 4 of the M61 motorway, providing connections with the M60 motorway, which ultimately provides connections to the national motorway network. Accommodation 1,426 ft² (132.48 m²). The property has been measured in accordance with the RICS code of measuring practice 6th Edition on a Net Internal Area basis (NIA)
Price £125,000 For Sale Planning Use A1 Retail,A5 Hot Food Takeaway,C3 Residential Homes, Dwellinghouses EPC A copy of the EPC is available on request. VAT VAT may be applicable at the prevailing rate Business Rates Rateable Value £7,400 Viewing Viewing by way of appointment through the sole agent Miller Metcalfe Commercial Felicity Middleton 01204 221063 [email protected]
