.The property comprises a mixed use investment, comprising two retail units (334 and 334a) at ground level with a separately accessed, two bedroomed flat (334b) to the first floor. The property is constructed of brick elevations beneath a pitched roof. The retail units have single glazed timber shop fronts, whereas the apartment is majority UPVC double glazed. 334 and 334b Manchester Road both benefit from gas central heating.
A dataroom is available which includes the leases, title documents and EPCs.
( Agency Pilot Software ref: 1432 )
Location
The property is positioned set back from Manchester Road (A56), approximately 1.4 miles north of Altrincham town centre. The property is positioned in a retail parade which includes Subway (adjacent) and other independent operators including a restaurant and beautician. Other properties nearby include RRG Toyota, Trafford College and an office park with operators including Lookers and Dulux. Motorway access is within 2.4 miles (M60, junction 7).
Accommodation
334 (ground floor retail) 49.8 sq m (536 sq ft )Net Internal Area
334a (ground floor retail) 24.68* sq m (266* sq ft )Net Internal Area
334b (first floor apartment) 55.085sq m ( 593sq ft ) IPMS 3B
Total: 129.565sq m (1,395sq ft )
Terms
TENANCY The property is occupied on three separate leases – please see tenancy schedule overleaf.
TENURE Freehold (title number P151849).
DATAROOM A dataroom is available which includes the leases, title documents and EPCs.
PROPOSAL The freehold is available for offers in excess of £285,000. A purchase at this level would represent a Net Initial Yield of 8.33%.
VAT TBC
EPC C (74).
Specification
- Prominent roadside location
- Large residential catchment nearby
- Two shops with flat above producing an income of £24,400pax