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Commercial Development for sale

Hyde Road, Manchester, M18

Under Offer £200,000

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 8.1%. 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

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