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Gorton Lane, Manchester

Description

For sale via secure sale online bidding - terms and conditions apply.

We are delighted to present this investment opportunity, ideally situated in the bustling heart of Manchester. As a listed Commercial Sale, this represents an advantageous investment opportunity to tap into Manchester’s burgeoning rental market.

Currently a commercial premises operating as a off license shop with 6 self contained apartments upstairs, all with own bathroom and long-term returns.

Adding further allure to this prime investment opportunity are the consistently high occupancy rates, ensuring a steady income flow for the prospective owner. Given the property's robust condition, and the potential for steady yield, it is certain to be a desirable addition to any investment portfolio.

Commercial Unit - £3000pcm
Flats are all 1 Bedroom

Flat 1- £1100pcm
Flat 2 - £775pcm
Flat 3 - £775pcm
Flat 4 - £1000pcm
Flat 5 - £1125pcm
Flat 6 - £1100pcm
Rental annual income - £106,500 combined

Brochures

Gorton Lane, Manchester
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Gorton Lane, Manchester

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Affordability

Monthly repayments£5,015
Property: £ 1,000,000
Deposit: £ 100,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

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Disclaimer - Property reference 34640755. 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 Open House Estate Agents, Nationwide. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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