38 Chorley Road, Swinton, Manchester, M27 5AF
- SIZE AVAILABLE
1,353 sq ft
126 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: C3 Dwelling Houses
C3
Key features
- Attractive 8.37% NIY
- Established shop tenant
- Excellent transport links nearby
- Well appointed and generous one bedroom flat
- Potential for rental growth
Description
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 £210,000. A purchase at this level would reflect an attractive net initial yield (NIY) of 8.37% after allowing purchasers costs of 2.37%, 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.
Energy Performance Certificates
EPCEPCBrochures
38 Chorley Road, Swinton, Manchester, M27 5AF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Swinton (Gtr. Manchester) Station0.4 miles
- Moorside Station0.9 miles
- Clifton Station1.2 miles
Notes
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