241, Manchester Road West, Manchester, Greater Manchester
£145,000
Long Leasehold
  • High Yielding Investment Opportunity
  • Mixed Use Property: Ground Floor Retail Unit and First Floor 2 Bedroom Flat
  • Total rental income £15480 pa.
  • Purchase Price: £145,000
  • 10.7% Yield
The property provides and end terraced retail unit with first floor living accommodation, available as an income producing investment.

The ground floor is currently let on a ten year lease expiring June 2020 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.

The first floor provides a two bedroom flat that has recently been refurbished to a high standard with an ERV income of £6240 PA.

There is a signboard on the gable end of the property leased to Primesight Ltd at an annual rent of £400 PA

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 has recently been refurbished. The flat benefits from gas central heating and double glazed windows. New bathroom and refurbished kitchen.

To the side of the property is an unadopted road which provides off road parking spaces for potential customers.

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.

If you are interested in viewing this property, or to request additional information, please do not hesitate to contact one of our agents on 0161 773 3978
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