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COMMERCIAL

COMMERCIAL INVESTMENT, Monton Road, Eccles, M30

£650,000
Admove, Altrincham
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • A double unit in a prime location
  • Potential to increase rental return
  • Freehold
  • Ample parking to the rear
  • Town centre location
  • Viewings by appointment only.

Description

A unique opportunity to purchase a double unit in a prime location. Viewings by appointment only.

Welcome to Monton Road...

195-197 Monton Road is a double commercial unit set on a busy road in a great location. Both units are currently let out and details of the rental income are below.

Current Income and sqft

195 Monton Road - let at £18,000 per annum
EPC C

197 Monton Road - let at £15,000 per annum
EPC B

Overall total of both units: 1915 sqft

Landlords comments regarding potential

Currently, 195 is paying £18,000, with their lease expiring in 2.5 years. A new lease, based solely on current condition, would likely command a commercial rent of around £33,000 per annum. By the time the current lease concludes in 2.5 years, rental prices are anticipated to increase even further. Alternatively, once the lease expires in 2.5 years, the owner could opt to occupy both the ground floor of 195 and the entire upper level.

The ground floor of 197 is now let for £15,000 per year.

The current owner is only willing to sell if they receive an offer close to their desired price; otherwise, in 2.5 years, they intend to construct a single rear access point to the upper sections of both 195 and 197, converting them into two highly desirable flats in Monton, which could generate approximately £22,000. Furthermore, the ground floor of 195 would likely be leased at today's rates for around £20,000, while 197 will still be rented to Village Nails...

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Full Details

COMMERCIAL INVESTMENT, Monton Road, Eccles, M30

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Patricroft Station0.5 miles
  • Eccles Station0.8 miles
  • Eccles Tram Stop0.9 miles
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About Admove, Altrincham

197-201 Manchester Road, Altrincham, WA14 5NU

In 2015 after months of planning, admove was founded by Charlie Green and Mike Chung operating from a spare bedroom in one of their parents' houses. Day after day flyers and letters were hand delivered to make sure everyone knew what they had to offer and that they had arrived. After months of hard work and persistence, property listings were gained, great service was delivered and their bright boards rapidly spread around the local areas.

The estate agency market is evolving rapidly as the internet is now such a powerful tool with almost all house hunters now starting their journey online. We live and breathe new technology taking away any unnecessary baggage, keeping our costs low and passing the savings on to you.

Selling fees from only £995 including VAT!

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 12650922. 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 Admove, Altrincham. 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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