Property Information
Address:
First Floor, Bury Street, Salford, Greater Manchester
, M3 7DU
, Greater Manchester
, United Kingdom
Price: Property no longer available.
Size: 5322 sq ft494 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH667553
Property Ref/Agent: 1221
*Please use the agent ref when calling the agent directly.
Property description
The property comprises an office suite situated at first floor level with a ground floor entrance/reception area within a new build block of residential apartments. The suite is currently split into 14 offices together with boardroom, reception, WC and kitchen facilities. The space is fitted out to a high standard with carpeted flooring, suspended ceilings incorporating LED lighting, air conditioning and perimeter trunking.
TENANCIES
The property is fully let to a range of businesses on fully inclusive rentals at a current gross annual income of c£115,000 per annum. Please note there is approximately £30,000 of costs including service charge, utilities, ground rent, cleaning and maintenance, agent fees etc which when deducted equates to a net income of c£85,000 per annum. A copy of the tenancy schedule is below for your information.
Fully let investment
Net initial yield of 9.23% with a reversionary yield of 11.18%
Price Reduced to £875,000
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