Bank House Studios , Warwick Street, Prestwich M25
- PROPERTY TYPE
Commercial Property
- SIZE
6,000 sq ft
557 sq m
Key features
- Rare commercial investment opportunity
- Prestwich village location
- Approx 6,000 sq foot
- Parking
- Immediate income-generating opportunity of approximately £111,780 per annum.
Description
An exceptional opportunity to acquire a prominent, income-generating commercial building in the heart of Prestwich. Bank House Studios is offered for sale at £799,950, presenting a strong and attractive return for investors.
The property currently produces £7,315 per month (£87,780 per annum), equating to a 10.97% gross yield and 8.58% net yield after running costs.
There is clear asset management potential, with income set to increase to £9,315 per month (£111,780 per annum) once the vacant unit is let and the top floor rent review is implemented. This would enhance returns to an impressive 13.97% gross yield and 11.58% net yield.
Bank House Studios is a well-established hub for a variety of independent businesses, including personal trainers, chiropodists, Pilates studios and specialist retailers, providing a diverse and resilient tenant mix.
Ideally positioned just behind Prestwich Village, the property benefits from excellent visibility, strong footfall and convenient parking provisions, making it highly attractive to both tenants and their customers.
This is a rare chance to secure a high-yielding commercial investment in one of Greater Manchester’s most desirable and thriving locations. Early enquiry is highly recommended.
Brochures
Bank House Studios , Warwick Street, Prestwich M25BrochureBank House Studios , Warwick Street, Prestwich M25
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Prestwich Tram Stop0.2 miles
- Besses 'o th' Barn Tram Stop0.7 miles
- Heaton Park Tram Stop0.8 miles
Notes
Disclaimer - Property reference 33203079. 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 HomeDaze Estate Agents, Manchester. 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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