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Mixed Use for sale

94 Withington Road, Whalley Range, Manchester, Greater Manchester, M16 8FA

Sold by Us £950,000

Property Description

Key features

  • Multi Let Investment - 3 Retail Occupiers
  • Total rental income: 77,900 pa.
  • Yield: 8%

Full description

The property comprises a multi let investment comprising three retail occupiers, Subway, Bargain World and The Range Interiors. We understand that Tesco unit has been sold off on a long leasehold for a term of 999 years.
There is also mezzanine storage space above Bargain World (double fronted unit) and The Range Kitchens unit.

The rental income is currently £77,900 per annum. This includes 8 office suites currently let to individuals on all-inclusive rents producing £24,400 per annum.
A full tenancy schedule is overleaf.

A pre-application for planning has been submitted to Manchester City Council to convert the current offices into residential accommodation together with building a further floor above to create addition residential dwellings. The proposal is for 5 x 1 bedroom flats, 2 x 2 bedroom flats and 1 x 3 bedroom flats.

More information from this agent

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