Property Information
Address:
861 Stockport Road, The Pack Horse Inn, Manchester, Greater Manchester, M19 3PW
, M19 3PW
Price: Property no longer available.
Size: 7565 sq ft702 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH616830
Property Ref/Agent: 861 Stockport Road, The Pack Horse Inn, Manchester, Greater Manchester, M19 3PW - 795
*Please use the agent ref when calling the agent directly.
Property description
* A rare opportunity to acquire a prominent mixed use block located in a sought after and popular South Manchester suburb.
* Prominently situated on Stockport Road in Levenshulme, one of the main arterial routes into Manchester City Centre. Excellent local transport infrastructure.
* Attractive pub conversion providing ground floor restaurant premises let on FRI terms and 8 apartments let on AST's.
* Freehold
* Producing a gross annual income of £99,900 from 9 occupiers in total representing excellent diversification of income.
31% of the income is derived from the restaurant and 69% is derived from 8 residential tenants.
The property is a former public house and is arranged over basement, ground, first and second floors.
The substantial three storey late Victorian/Edwardian property is of traditional brick construction with decorative brickwork, UPVC double glazed windows beneath a largely pitched slate
tile roof.
The ground floor comprises of a retail unit used as a desert bar which has been fitted out in the tenant's corporate standard and benefits from a fully glazed frontage.
The upper floors comprise of
residential apartments and the property circles around the back in a 'U' shape providing further apartments and a central courtyard.
First and second floors provide a total of eight apartments varying from one, two and three bedrooms.
The apartments are in good condition with the internal fit out comprising of a mix of laminate wood flooring and carpet, spot lighting, plastered and painted walls with open plan kitchen/living areas.
;