Retail / Residential Investment 34-36 Moss Road Stretford Manchester M32 0AY
• Highly prominent location • Property refurbished to a high standard • Four flats fully let
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. 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.
Purchase Price
Accommodation
Tenure
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
Lease/Tenancies The ground floor is let to Bargain Booze Ltd t/a Select Convenience Store on a 15 year lease from August 2017 with 5 yearly breaks/rent reviews at a rent of £22,000pa. The flats are let on assured shorthold tenancies as follows:Flat 1 One Bed Studio £500pcm Flat 2 One Bed Studio £500pcm Flat 3 One Bed Studio £550pcm Flat 4 One Bedroom £575pcm Total £2,125 pcm (£25,500 pa) Total Overall Rent = £47,500pa
Offers in the region of £650,000.
Believed freehold although interested parties should make the usual formal enquiries.
EPC A copy of the EPC is available on request.
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