Investment Property with Bar and Flat in Urmston Manchester for Sale
Urmston, Manchester
- Status
UNDER OFFER
- Advert ID
653545
- Reference
11039 / Rightbiz
- Call Agent:
- Freehold: £225,000
- Turnover: £22,200 (£427 per week)
- Profit: Not Applicable
Business Details
Investment Property in Urmston
Commercial unit rent £16,800 per annum Let by way of a 6 year FRI lease form June 2023, with 3 yearly rent reviews on full repairing and insuring terms1st floor 2 bed room accommodation let at £5,400 per annum
Commercial unit is trading as a bar
Superb town centre location
Mid parade on a busy main road
Surrounded by shops, offices, businesses, restaurants & a large residential area
Close to train station
Very high levels of passing trade
INVESTMENT PROPERTY FOR SALE: URMSTON: Superb town centre location, surrounded by shops, businesses & a large residential area, commercial unit let to owner operator, full repairing and insuring terms, combined annual rent from both of the units is £22,200.
PROPERTY DESCRIPTION
44 Flixton Road Ground floor bar is let by way of a 6 year FRI lease with 3 year rent reviews from June 2023 with an annual rental income of £16,800. This is the 2nd 6 year lease the current tenants have held on the property.
First floor self-contained 2 bedroom accommodation is let by way of a 12 month short hold tenancy agreement from September 2025 with an annual rental income of £5,400, the current tenant has been in occupation for circa 2 years.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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