38 Chorley Road, Swinton, Manchester, M27 5AF

£220,000

Size

1,353

Tenure

Freehold

EPC

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Parking

3

Primary use
High street retail
Other use(s)
Other
Frontage
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Key features

  • Attractive 8% NIY
  • Established shop tenant
  • Excellent transport links nearby
  • Well appointed and generous one bedroom flat
  • Potential for rental growth
  • Newly re-covered flat roof to rear

Description

The property is a substantial two-storey mid terraced property plus basement and loft conversion, with brick elevations beneath a pitched tiled roof to the main building. The property comprises a well appointed ground floor and basement tailors shop t/a 'Alterations Specialist', with retail area to the front, sewing/alterations room to the middle, and kitchen plus W/C facility to the rear. There is also useful storage space both in the basement and to the attached outrigger accessed externally to the rear, where the flat roof has been newly re-covered.

The uppers floors provide generously proportioned residential accommodation, accessed via external staircase from the rear yard. The accommodation is set out over two floors and provides entrance hall, lounge, dining / kitchen, bathroom to the first floor, with a spiral staircase leading from the lounge to the attic room where the bedroom is located.

Externally there is a useful private car park to the rear with space for 3 vehicles.

The property is positioned towards the centre of a retail parade along Chorley Road (A6) in Swinton and is situated around 3 miles from Salford and 4.5 miles from Manchester City Centre to the South East. The popular residential locations of Swinton, Pendlebury and Worsley are all within easy reach.

The immediate area benefits from predominantly local and regional operators, including Deurali Restaurant & Takeaway, Check Security Systems, Pamper & Polish nail and beauty salon and Hair by Charlotte, while it is also across from Texaco filling station.

The property is held Freehold

The ground floor and basement are let to an independent tailor t/a 'Alterations Specialist' by way of a 6 year effective FRI lease from 1st December 2022 at an passing rent of £9,000pa, subject to 3 yearly upward only rent reviews and no break options.

The upper floor 1 bedroom flat is let by way of a 6 month AST agreement from 18th November 2025 at £750pcm (£9,000pa), providing a combined rental income of £18,000pa presently.

We are instructed to invite offers in excess of £220,000. A purchase at this level would reflect an attractive net initial yield (NIY) of 8% after allowing purchasers costs of 2.44%, and on the basis of a TOGC.

The property is not elected for VAT and so no VAT is attributable to the sale.

Shop = C(62)
Flat = D(66)

Each party are to be responsible for their own legal fees incurred in this transaction.
Additional information
Service charge
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Business rates
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Use class
E
Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements
Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

38 Chorley Road, Swinton, Manchester, M27 5AF

NEAREST STATIONS

National Rail

Swinton (Gtr. Manchester) Station

0.41 miles

National Rail

Moorside Station

0.92 miles

National Rail

Clifton Station

1.22 miles

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Disclaimer - Property reference 376089-1. 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 Gifford Dixon Commercial Property, 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.