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11-21Clarendon Street, Hyde, Greater Manchester, SK14 2EL

Offers in Region of
£395,000

£215.85 per sq ft

Business rates & charges may apply

W T Gunson, Manchester - BPG
SIZE AVAILABLE

1,830 sq ft

170 sq m

SECTOR

Mixed use property for sale

Key features

  • 3 Self Contained Properties
  • Current Net Income £39,309pa
  • Attractive Net Initial Yield of 9.58%

Description

The property is located in the centre of Hyde on Clarendon Street which is accessed from Market Street. It is adjacent to the former Hyde Job Centre, Donneybrook Medical Centre and close to Boots, NatWest and the bus station. The main Asda Hyde Superstore is close by along with the pedestrianised centre of Hyde. Junction 3 of the M67 is approximately 0.1 miles away which gives access to the wider motorway network.

A town centre retail investment opportunity comprising an unbroken parade of three two storey self-contained retail units in the centre of Hyde with parking to the rear. No. 11 is let to Gracie's Bar & Kitchen, No. 15 is let to Crohns & Colitis UK and No. 21 is let to N.O.A.H's Art.

TENANCIES
11 Clarendon Street (Gracie's Bar & Kitchen): 5 year lease from 14 November 2021. £10,000pa excl.
15 Clarendon Street (Crohns & Colitis UK): 5 year lease from 29 November 2022. £15,750pa excl. Rent review and tenant only break (6 months notice) on 29 November 2025.
21 Clarendon Street (N.O.A.H's Art) : 5 year lease from 14 December 2023 with a passing rent of £18,525 pa, rising to £19,500 pa as of December 2025.
Current gross rental income - £44,275 pa exclusive.
Net income taking into account the ground rent - £39,309 pa (rising to £40,284 pa from 14th December 2025)

Brochures

11-21Clarendon Street, Hyde, Greater Manchester, SK14 2EL

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hyde Central Station0.3 miles
  • Newton for Hyde Station0.6 miles
  • Flowery Field Station0.7 miles

About W T Gunson, Manchester - BPG

Suite 2, Third Floor 1 King Street Manchester M2 6AW

W T Gunson is Manchester’s leading independent Chartered Surveyors and Property Consultants, covering Manchester and the North West since 1873, and offering expert advice on a full range of commercial and residential property.

Our expertise covers retail, office, industrial and development land, whether owner-occupied or investment property.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 1520FH. 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 W T Gunson, Manchester - BPG. 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.

Map data ©OpenStreetMap contributors.

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