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Tenanted Investment Property For Sale Greater Manchester

Sale, Manchester
Freehold Price:
£235,000
Status
FOR SALE
Advert ID
242903
Reference
2709 / Rightbiz

Sovereign Business Transfer is pleased to offer for sale this versatile tenanted investment property with self contained first floor living accommodation, situated in the heart of Sale, Greater Manchester. In recent years the area has experienced significant price growth due to the introduction of the Northern Moor Metrolink to Manchester and the airport.

Situated on a deceptively spacious corner plot enjoying dual frontage and benefiting from off road parking to the rear for 2/3 vehicles. The property consists of a ground floor hair and beauty salon, first floor self-contained 1 bedroom flat. The hair salon is let by way of a 3 year lease from November 2017, with a passing rent of £7,680 per annum. The beauty room is currently being rented for £5,280.00 per annum on a rolling lease basis. The self-contained 1 bedroom flat is let at £6,300 per annum via a short hold tenancy; the current tenant has been there for over 12 months.

The property will be sold with all tenants in situ, so it would make for an ideal investment opportunity.

  • Business ID: 2709
  • Total Combined Annual Rental Income £19,260 (7% Yield)
  • Excellent Yield & Cashflow
  • Busy Main Road Location In A Densely Populated Area
  • Benefiting From Off Road Parking To The Rear For 2/3 Vehicles
  • Early Viewing Essential To Fully Appreciate
Listing Details
Freehold Price: £235,000
Tenure: Freehold
Location: Sale, Manchester
Sector: Investment Properties, Commercial Properties
Financials
Annual Turnover: £19,260
Annual Net Profit: Available upon request
Key Features
  • Potential for Alternative Use
  • Free of Tie Leasehold
  • Prime Location
  • Close to Local Amenities
  • With Accommodation
  • Fully Fitted
Contact Agent
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Advert Reference: 2709 / Rightbiz

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