Skip to content

38 Chorley Road, Swinton, Manchester, M27 5AF

£210,000

£155.21 per sq ft

Business rates & charges may apply

Gifford Dixon Commercial Property, Manchester
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 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.

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

EPCEPC

Brochures

38 Chorley Road, Swinton, Manchester, M27 5AF

Approximate location

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

About Gifford Dixon Commercial Property, Manchester

First Floor Offices, 706 Wilmslow Road, Didsbury, Manchester, M20 2DW

Notes

These notes are private, only you can see them.

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.

Map data ©OpenStreetMap contributors.