Commercial Development for sale

Hyde Road, Manchester, M18

£162,000

Property Description

Key features

  • TENANTED INVESTMENT OPPORTUNITY
  • CURRENT RENTAL INCOME OF 16,200 PER ANNUM
  • RENT REVIEW APPLIES IN 2 YEARS FOR RETAIL UNIT
  • NET YIELD OF 10%
  • HIGHLY PROMINENT MAIN ROAD LOCATION

Full description

Tenure: Freehold

A tenanted investment opportunity providing a yield of 10%. Consisting of a ground floor retail unit currently occupied by a hair product wholesale business, and self contained three bed living accommodation above. The property is in a prominent main road position opposite a Tesco superstore and the Gorton Market.

The ground floor has a rental income of £8,400 per annum with four years left on a five year lease with a rent review at the end of the third year. The flat has a rental income £7,800 per annum on a 6 month shorthold tenancy agreement.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Ryder Brow (0.3 mi)
  • Belle Vue (0.3 mi)
  • Gorton (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pearson Ferrier Commercial, Bury

435 - 437 Walmersley Road, Bury, Lancashire, BL9 5EU

0161 468 1489 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Ryder Brow (0.3 mi)
  • Belle Vue (0.3 mi)
  • Gorton (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pearson Ferrier Commercial, Bury

435 - 437 Walmersley Road, Bury, Lancashire, BL9 5EU

0161 468 1489 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 775. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pearson Ferrier Commercial, Bury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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