Retail investment property for sale in Withington Manchester with rental income potential
Withington, Manchester
- Status
FOR SALE
- Advert ID
657542
- Reference
11167 / Rightbiz
- Call Agent:
- Freehold: £275,000
- Turnover: £17,400 (£335 per week)
- Profit: Not Applicable
Business Details
Investment Property in Withington
Rental income £17,400 per annumCurrently let by way of full insuring and repairing 10 year lease from 2024 with 3 year rent reviews
Current tenant has been in occupation for 20 years
The property has been owned by our client since 1990
Prominent corner site, end of parade, surrounded by variety of businesses, shops, cafes, coffee shops & a residential area
Currently has a large Marcus Rashford mural painted on the gable end wall of the building
INVESTMENT PROPERTY: WITHINGTON: Located at the end of a parade, on a prominent corner site, it is surrounded by a variety of businesses, including shops, cafes, coffee shops and a residential area, rental income £17,400 per annum with full insuring and repairing terms.
LOCATION
Withington is a suburb of Manchester, England. Historically part of Lancashire, it lies 4 miles from Manchester city centre, 0.4 miles south of Fallowfield, 0.5 miles north-east of Didsbury and 1 mile east of Chorlton-cum-Hardy. Manchester is a city in Northwest England, at the centre of the eponymous county of Greater Manchester. It had a population of over 589,000 in 2024. It borders the Cheshire Plain to the south, the Pennines to the north and east, and the city of Salford to the west.
This property is located on a highly visible corner site, it is close to the centre of Withington and is well connected through its frequent bus connections into central Manchester and other nearby areas. It sits between Didsbury, Fallowfield, and Burnage, with excellent public transport links to Manchester city centre.
PROPERTY DESCRIPTION
Retail unit: Corner site, shuttered front, entrance, good sized seating area, open plan cooking are, W/C, storage, exit to bin area and owner parking.
Currently has a large Marcus Rashford mural painted on the gable wall of the building.
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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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