Riddings Road, Altrincham, Cheshire, WA15

Cherry Picked Properties are delighted to present this exceptional freehold investment opportunity, prominently positioned within a well-established and sought-after residential parade. Offering multiple income streams, strong rental returns, and further development potential, this property represents an ideal acquisition for both seasoned investors and first-time buyers alike.

Arranged over three levels, the property comprises a ground floor commercial unit, a self-contained one-bedroom apartment to the rear of the ground floor, and a spacious two/three-bedroom apartment occupying the first floor.

The property currently generates an estimated combined rental income of approximately £30,000 per annum.

The mid-terraced building underwent comprehensive refurbishment in 2015 and is presented in good decorative order throughout, providing a ready-made investment with immediate income generation.

The ground floor retail unit, currently operating as a salon, extends to approximately 314 sq ft and enjoys prominent frontage onto Riddings Road. The commercial unit currently produces an income of approximately £9,600 per annum. Adjacent to the retail premises is a secure communal entrance providing independent access to the residential accommodation.

To the rear of the ground floor is a well-maintained one-bedroom apartment with access to a private courtyard garden, currently achieving approximately £10,200 per annum in rental income.

The first-floor apartment offers generous living accommodation with excellent tenant appeal and is presently let at approximately £10,200 per annum.

Externally, the property further benefits from a courtyard area leading to a rear garden and garage, with additional access via a rear service lane, enhancing both practicality and future potential.

Overall, this is a rare opportunity to acquire a versatile and income-producing freehold asset with established tenancies, multiple revenue streams, and clear scope for future enhancement and value growth.

Disclaimer:
These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, rental figures, and other details are provided in good faith but should not be relied upon as statements of fact. Prospective purchasers are advised to satisfy themselves by independent inspection, survey, and professional advice. Cherry Picked Properties have not tested any services, appliances, or equipment and cannot guarantee that they are in working order or fit for purpose.