Highmead Street , & a, Gorton
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- For sale by public auction 10th September
- Reported rental income of £1,800pcm combined
- Situated in a popular M18 rental location
- Close to shops, schools and transport links
- Strong investment opportunity with management
- Rent reviews and capital growth angles
Description
TO BE SOLD BY ONLINE AUCTION ON 10TH SEPTEMBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
2, 4 & 4A Highmead Street, Gorton, Greater Manchester, M18 8PJ.
MORE PHOTOS COMING SOON
A mixed-use and residential investment block comprising a ground floor commercial unit with flat above (No. 2), together with two self-contained one-bedroom flats (Nos. 4 & 4A), situated in a popular rental area. Edward Mellor has not yet inspected the internal condition of the property.
The accommodation includes a commercial space with potential flat above at No. 2, plus two well-proportioned one-bedroom flats at Nos. 4 & 4A. The properties benefit from excellent local amenities and transport links, with Belle Vue and Gorton train stations nearby and the A57/A6 road network giving access across Greater Manchester.
Reportedly producing a combined rental income of £1,800pcm (£21,600pa), with the commercial element at No. 2 let at £750pcm, 4 Highmead let at £500pcm, and 4A Highmead let at £550pcm. The flat above No. 2 offers scope for further income once regularised.
The block is held leasehold with 58 years unexpired on the original 99-year lease. There is clear potential for value uplift through lease extension, rent reviews in line with local comparables, and improved asset management.
Comparable sales evidence highlights:
81 Cross Lane, M18 8NY Mixed-use retail & flats sold £133,000 (ROI 9.77%)16/05/2024
282–284 Abbey Hey Lane, M18 8RP Mixed-use retail & flats sold £155,000 06/07/2023
652 Hyde Road, M18 7EE Mixed-use retail & flats sold £629,000 (ROI 9%) 28/04/2022
Highmead Street is well placed for local amenities including shops, schools, and supermarkets. Manchester city centre is approximately three miles away, with convenient access to the wider motorway network and strong local rental demand.
EPC rating D. Leasehold 58 years remaining. Sold as seen.
Energy Performance Certificates
EPC epcgraph.co.ukHighmead Street , & a, Gorton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gorton Station0.4 miles
- Belle Vue Station0.5 miles
- Ryder Brow Station0.5 miles
Notes
Disclaimer - Property reference EM-163927. 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 Edward Mellor Ltd, Stockton Heath. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Stockton Heath on 01925 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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