68A Beech Road, Manchester, M21 9EG

Summary

A rare opportunity has arisen to acquire an income producing mixed use investment along the popular Beech Road area of Chorlton-cum-Hardy.

The property is a substantial three-storey mid terraced premises plus basement, with brick elevations beneath a pitched slate roof to the main building plus a single and two storey extension to the rear. The property consists of a hair salon to the ground floor, with a separate 1 bedroom flat to the basement and a substantial 4 bedroom flat to first and second floors, both accessed from a shared entrance door and hallway off Stockton Road.

The ground floor hair salon is occupied by a family member and is trading as ‘De Novo’.

The basement flat (Flat 1) is a well appointed one-bedroom flat, consisting of lounge/kitchen, shower room and large bedroom. The flat benefits from gas central heating and is occupied at present by way of AST agreement at a rent of £775pcm.

The first and second floor 4 bedroom flat (Flat 2) is a generously proportioned flat consisting of a lounge, family bathroom, kitchen, shower room and 4 double bedrooms. The flat is occupied on an AST agreement at a rent of £1,300pcm.

There is considerable scope to increase the rental income here, with the current ERV believed to be in the region of £48,800.

Key Points

Services

We understand that mains gas, electric, water and drainage are connected to these premises.

Location