7-9 Stretford Road, Urmston, M41 9JY
POA
- SIZE AVAILABLE
2,388 sq ft
222 sq m
- SECTOR
Commercial development to lease
Lease details
- Lease available date:
- Ask agent
Key features
- Refurbished mixed use Freehold Investment
- Three commercial units/Two duplex flats
- Low RV's for the three commercial units
- Total income fully let £45,440 pax
- £599,950 - Anticipated yield of 7.6%
- Planning consent granted 18/02/21
- All planning conditions discharged 20/04/21
- Large private car park to the rear
Description
Description
The property provides a detached two storey mixed commercial and residential property with private land/car park to the rear of the property accessed from Stretford Road. The property comprises two commercial retail units and one commercial office/clinic along with one separately accessed three bed flat and one separately accessed two bed flat.
7a Stretford Road: 400 Sq.ft Retail premises comprising main sales, rear office, rear store, kitchen and toilet facilities.
7b Stretford Road: 215 Sq.ft Office/clinic comprising reception/waiting room, toilet facilities and main clinic.
9 Stretford Road: 373 Sq.ft Retail premises comprising main sales, rear store with kitchen and toilet facilities.
9a Stretford Road: 575 Sq.ft Two bed residential flat comprising kitchen, wet room, bedroom and en suite bedroom.
7 Stretford Road: 825 Sq.ft Three bed residential flat comprising kitchen, bathroom, shower and bedrooms plus on suite bathroom.
Mains services are available including gas, electricity, water and drainage.
Tenant’s contribute £400 per annum per Tenant towards the maintenance of the common areas including car park.
Location
The property is located fronting Stretford Road in the centre of Urmston and is a short drive from the M60 Motorway and The Trafford Centre.
- Stockport: 11 miles.
- M60: 1.5 miles.
- Manchester: 6.5 miles
RV’s/Council Tax
7a Rateable Value: £3,100.
7b Rateable Value: £2,500.
9 Rateable Value: £3,750.
Small Business Rates Multiplier 2021/22: 49.9p.
Trafford Council Business Rates - .
Council Tax bands TBC by the vendor.
Tenure
We understand that the property is Freehold.
Title Number: GM514798.
Price/Rents/VAT
£599,950 SUBJECT TO CONTRACT - VAT not applicable.
7a Stretford Road: £9,500 per annum exclusive.
7b Stretford Road: £6,600 per annum exclusive.
9 Stretford Road: £7,200 per annum exclusive.
7 Stretford Road: £11,940 per annum exclusive.
9a Stretford Road: £10,200 per annum exclusive.
£45,440 annual income - 7.6% Yield.
Conditions
Subject to Contract.
Lease Terms/AST’s
7a Stretford Road: Let September 2022 for a term of 10 years subject to a rent of £9,500 pax, rent reviews at years 3, 6 & 9.
7b Stretford Road: Vacant. Available to let for £550pcm/ £6,600 per annum exclusive.
9 Stretford Road: Let for 5 years from 10/05/2021 at a rent of £7,200 pax. For use as a retail shop.
Flat 7 Stretford Road: Let for 12 months from 6/5/22 subject to a passing rent of £995 pcm/£11,940 pax.
Flat 9 Stretford Road: Let for 12 months from 18/5/22 subject to a passing rent of £850 pcm/£10,200 pax.
EPC’s
7a/7b/9 Energy Ratings: E.
7/9a Energy Ratings: C.
Planning
We understand the property benefits from E/C3 uses.
Buyers to make their own enquiries.
Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.
The property provides a detached two storey mixed commercial and residential property with private land/car park to the rear of the property accessed from Stretford Road. The property comprises two commercial retail units and one commercial office/clinic along with one separately accessed three bed flat and one separately accessed two bed flat.
7a Stretford Road: 400 Sq.ft Retail premises comprising main sales, rear office, rear store, kitchen and toilet facilities.
7b Stretford Road: 215 Sq.ft Office/clinic comprising reception/waiting room, toilet facilities and main clinic.
9 Stretford Road: 373 Sq.ft Retail premises comprising main sales, rear store with kitchen and toilet facilities.
9a Stretford Road: 575 Sq.ft Two bed residential flat comprising kitchen, wet room, bedroom and en suite bedroom.
7 Stretford Road: 825 Sq.ft Three bed residential flat comprising kitchen, bathroom, shower and bedrooms plus on suite bathroom.
Mains services are available including gas, electricity, water and drainage.
Tenant’s contribute £400 per annum per Tenant towards the maintenance of the common areas including car park.
Location
The property is located fronting Stretford Road in the centre of Urmston and is a short drive from the M60 Motorway and The Trafford Centre.
- Stockport: 11 miles.
- M60: 1.5 miles.
- Manchester: 6.5 miles
RV’s/Council Tax
7a Rateable Value: £3,100.
7b Rateable Value: £2,500.
9 Rateable Value: £3,750.
Small Business Rates Multiplier 2021/22: 49.9p.
Trafford Council Business Rates - .
Council Tax bands TBC by the vendor.
Tenure
We understand that the property is Freehold.
Title Number: GM514798.
Price/Rents/VAT
£599,950 SUBJECT TO CONTRACT - VAT not applicable.
7a Stretford Road: £9,500 per annum exclusive.
7b Stretford Road: £6,600 per annum exclusive.
9 Stretford Road: £7,200 per annum exclusive.
7 Stretford Road: £11,940 per annum exclusive.
9a Stretford Road: £10,200 per annum exclusive.
£45,440 annual income - 7.6% Yield.
Conditions
Subject to Contract.
Lease Terms/AST’s
7a Stretford Road: Let September 2022 for a term of 10 years subject to a rent of £9,500 pax, rent reviews at years 3, 6 & 9.
7b Stretford Road: Vacant. Available to let for £550pcm/ £6,600 per annum exclusive.
9 Stretford Road: Let for 5 years from 10/05/2021 at a rent of £7,200 pax. For use as a retail shop.
Flat 7 Stretford Road: Let for 12 months from 6/5/22 subject to a passing rent of £995 pcm/£11,940 pax.
Flat 9 Stretford Road: Let for 12 months from 18/5/22 subject to a passing rent of £850 pcm/£10,200 pax.
EPC’s
7a/7b/9 Energy Ratings: E.
7/9a Energy Ratings: C.
Planning
We understand the property benefits from E/C3 uses.
Buyers to make their own enquiries.
Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.
Brochures
7-9 Stretford Road, Urmston, M41 9JY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Urmston Station0.2 miles
- Chassen Road Station0.7 miles
- Humphrey Park Station1.1 miles
About MBRE, Stockport
Regent House, 8th Floor, Heaton Lane, Stockport, SK4 1BS
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Notes
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