Fairfax Road, Manchester, M25
- PROPERTY TYPE
Apartment
- BEDROOMS
4
- BATHROOMS
4
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Shops and amenities nearby
- Double glazing
- Close to public transport
- Parking
Description
The subject investment benefits from an extremely prominent and extensive frontage to Fairfax Road in Prestwich, Manchester and within very close proximity to the M60 Circular Motorway. The building is facing Prestwich Village Centre within 100 yards. The Premise neighbors one of the big M&S food outlets wall to wall. Fairfax Road is also located off “Bury New Road” that leads directly in a straight path to the centre of Manchester.
DESCRIPTION
The investment comprises a two-storey and loft conversion. There are four self-contained one-bedroom apartments which are semi-furnished. All flats are let as AST (Assured Shorthold Tenancy) and managed by a nearby and local letting agent. The building is kept well maintained within government regulations,to the rear, is a car park with 4 individually allocated parking space.
FIXTURES & FITTINGS
The apartments are all semi-furnished and the kitchens are all supplied with white goods , hob and oven and water heaters with shower heaters in each bathroom.
The Shop Premise
The shop is let with a new 5 year ,full maintenance and service lease contract with a two year break close in the interest of Landlord. yielding a consistent rent. The shop faces Prestwich Village Centre directly,Approx 40 square metres/430 square metres
TENANCY DETAILS;
Shop Premise: £1,100 p.m.
Flat 1: £575
Flat 2: £600
Flat 3: £595
Flat 4: £575
Total current annual rental income: £41,430
Key features
- Prominent Freehold mixed use investment comprising 1 ground floor retail unit with own entrance, 1 ground floor flat with own entrance & 3 first floor individual separate flats. Fully Tenanted.
- There is a big usable storage basement under the building.
- All 4 x 1 bed flats have their separate electric meters but no Gas supply to the flats.
- The shop has its own electric and gas supply and own meters.
- Water supply is communal.
- Rear off road car park for up to 4 domestic vehicles.
- All flats internals and the building roofing were maintained or renovated this year.
- Rent passing of £41,430 with potential to significantly increase immediately up to £42,000.
- Fitted Fire Alarm System
- Fitted intercom system.
- Freehold.
- Over 7.3% Gross Yield
Mains electricity, Gas, water and drainage are supplied and connected.
TENURE
Freehold.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Fairfax Road, Manchester, M25
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About Mustafa & Co Property Management, Manchester
980 Stockport Road, Levenshulme, Manchester, M19 3NNYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference 1184. 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 Mustafa & Co Property Management, 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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