Guide price £355,000

 Upper Chorlton Road, Whalley Range, Manchester. M16 0BH

  • 3 Bedrooms
  • 1 Bathrooms
  • 1 Reception Rooms
  • 1 Off-road Parking


Property Description

C&R HULME offers an excellent opportunity to acquire 2100 sq ft (195 Sq mtr) commercial unit with dry storage basement and a 3 bedroom apartment over the 1st & 2nd floors, situated within a busy parade in a residential area and prime location of Whalley Range. To be sold as a going concern. NO CHAIN.

Excellent investment opportunity

Property additional info

Property Details
The property which currently trades as a convenience store is a ground floor retail unit offering a large sales area plus storage space and W.C with useful dry basement. Externally the property has fitted double glazed windows and is protected by fitted steel security shutters. On the 1st floor, the property offers 3 large bedroom apartment consisting of 3 double bedrooms, lounge, bathroom & kitchen. Basement 722 sq ft (67 sq mtr) Ground floor 760 sq ft (71 sq mtr) 1st floor 760 sq ft (71 sq mtr) 2nd floor 550 sq ft (51 sq mtr) TOTAL Approx. GIA 2,792 sq ft (259sq m)
Rental Income
The retail unit is currently let for a term of 6 years from 01/04/2018. on Full repairing & insuring terms (FRI) at a rent of £12,000.00 per annum, payable monthly. The 1st floor is let to 3 individuals on separate tenancies Room 1 let a@ £460.00 per month on a periodic tenancy Room 2 let @ £450.00 per month on a periodic tenancy Room 3 let @ £430.00 Per month on a fixed term expiring 01/03/2022 The rent for the rooms in the apartment are based on an all inclusive deals which includes all bills. Total annual gross income £28,080.00
Business Rates
Ratable Value: £ 8700.00 Rates Payable: £ 4454.40 maybe subject to Small Business Rates Relief.
Tenure
Leasehold. 900 Years from 07/11/1923. An annual ground rent is payable for £10.50 per annum payable to Estates & Management. EPC's Retail Unit C:67 Apartment D:56 VAT All prices, rents and outgoing costs are exclusive but may be liable for VAT.

Floor Plan

Local Property Market

  • Reference number crpr_1293530766
  • Property Type Retail
  • Kitchen-Diner Yes
  • Off-road Parking Yes
  • Current Occupant External Tenant
  • Full Double Glazing Yes
  • Gas Central Heating Combi Boiler Yes

Features

  • Great Investment Opportunity
  • Large ground floor & basement retail unit
  • Large 3 double Bedroom Apartment on 1st & 2nd Floors
  • Busy Parade
  • Off Road Parking
  • NO CHAIN

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