71 Church Road, Northenden, Manchester, Greater Manchester
£159,500
Freehold
  • Mixed Use Investment Opportunity
  • Ground Floor and Basement Take Away Premises
  • Large one bedroom first floor flat
  • Investment Price: £159,500
  • Ground Floor Takeaway: £9620pa
  • First Floor Flat: £6000pa
  • Yield: 9.8%
This property is located on Church Road, close to Northenden village, which offers an array of shops and local amenities. The property is ideally located for motorways, the airport and hospital.

The subject property comprises of a ground floor takeaway premise with basement kitchen/storage.
Located on the first floor is a large 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: 22.99 SQM (246 SQFT)
Retail Zone B: 22.01 SQM (226 SQFT)
WC: 2.54SQM (27 SQFT)
Basement: 9.18 SQM (99 SQFT )

The shop and basement space is tenanted by Kami's Peri Peri and have a 10 year IRI lease expiring November 2028.

Current passing rent £9,620 PA.

There are upward only rent review due linked to RPI in November 2021, 2024 and 2027.

The flat has been occupied by the same tenant since 2012 with the latest AST being signed in November 2018. A monthly rent of £500 is payable.

Total rental income is £15,620 reflecting a gross yield of 9.8%

The EPC rating for the shop and basement is D (97)
The EPC rating for the flat is E (45)
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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