585-587 Cheetham Hill Road, Manchester
£429.49 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,794 sq ft
260 sq m
- SECTOR
Mixed use property for sale
Key features
- Rarely Available Mixed-Use Investment
- 2 x Retail Units and Upper Parts
- Retail Units Let to Separate Tenants with a WAULT of 9 Years
- Upper Parts Vacant
- Asset Management Potential Via Letting
- Development/Conversion Potential (stp)
- 2,794 sq ft (259.59 sq m)
- VAT-Free Investment
- Investment Producing £60,000 p.a. with Vacant Upper Parts
Description
Arranged as two ground floor retail units with offices to the upper parts, the property is let to two tenants to the ground floor producing a total £60,000 per annum, with the upper parts being vacant and offering either asset management potential via letting, or potential for conversion to alternative uses, including residential (subject to obtaining the requisite consents). Plans have been drawn up for a potential conversion of the upper parts to 4 x one bedroom flats.
The property benefits from a prominent frontage to Cheetham Hill Road, an arterial route and pr4incipal retail amenity for the surrounding residential area. The street is characterised by a mix of local and national retailers, Manchester Plaza Shopping Centre is approximately 150m north of the property with tenants including Iceland, H&T and Tesco Superstore.
Brochures
585-587 Cheetham Hill Road, Manchester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Crumpsall Tram Stop0.4 miles
- Woodlands Road Tram Stop0.5 miles
- Bowker Vale Tram Stop0.9 miles
Notes
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