12 Manchester Road, Denton, Manchester
£300,000
Offers in the region of £300,000
  • Mixed Use Investment Opportunity
  • Total Income: £24,900
  • Ground Floor Retail & 2 x flats
  • Gross Yield: 8.3%
The property is located fronting the northerly side of Manchester Road (A57) within Denton town centre, with access to the M67 motorway and Denton railway station situated close by.

The subject property comprises of a ground floor retail premise with basement storage.
Located on the first and second floors are 1 x two bedroom flat and 1 x one bedroom flat.

The retail unit has been measured in the accordance with the RICS Code of Measuring Practice the property provides the following net internal floor areas:

Retail Zone A: 527 SQFT
Retail Zone B: 326 SQFT
Retail Zone C: 110 SQFT
Kitchenette/Storage: 170 SQFT
Basement*: 844 SQFT
(* estimated)

The shop and basement space is tenanted by Bridgfords Letting and Estate Agents (Countrywide) and have a 10 year lease expiring October 2023.
Current passing rent £15,000 PA.
There is an upward only rent review due in October 2023.

Flat 1 (2 bedroom flat) is rented on an AST at an annual rent of £5700
Flat 2 (1 bedroom flat) is rented on an AST at an annual rent of £4200

Total rental income is £24,900 reflecting a gross yield of 8.3%

To request a full copy of the EPC, including the Recommendations Report please contact us and quote the property address.

These particulars are only a guide. They are not exact or guaranteed. Property offered subject to contract.
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