Property Information
Address:
109-111 Blackburn Street, Manchester, Greater Manchester
, M26 3WQ
, Greater Manchester
, United Kingdom
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH687551
Property Ref/Agent: 1444
*Please use the agent ref when calling the agent directly.
Property description
The property fronts onto Blackburn Road (A665) on the outskirts of Radcliffe Town Centre.
The immediate surrounding area is a mixture of residential and retail properties.
The nearby larger towns of Bolton and Bury provide further amenities and facilities whilst Manchester City Centre sits 8 miles to the south well served by public transport.
A mixed use investment opportunity comprising a ground floor retail unit extending to approximately 111m2 (1,205 sqft) and let by way of an initial 5 year lease at £10,000pa with approximately 4 years unexpired.
The upper floors are arranged as two self contained flats which are both currently let at a combined total of £14,100pa.
The total rent details £24,100 and would make an excellent purchase for a local investor.
The property is fully let as follows:
109-111 (Ground Floor) - Let to Bury Hospice on a 5 year lease commencing 6 January 2023 at £10,000pa.
Bury Hospice has 9 branches in the local area and showed £3.9million in turnover year end 2023.
109a (First Floor Flat) - Let on an initial 6 month AST dated 16 February 2021 at a new rent of £550pcm (16.07.2023).
111a (Second Floor Flat) - Let on an initial 6 month AST dated 2 September 2022 at £625pcm.
The property is held long leasehold for a term of 998 years under two titles - LA285009 and GM379720.
GUIDE PRICE/AUCTION
The property is guided under Auction terms at £200,000 plus. The sale is via online auction with Pugh with bidding commencing 10am Tuesday 26th March and closes on Wednesday 27th March 2024.
To download a legal pack and register to bid, please visit Pugh's website via the following link:-
Fully let Ground Floor Retail Unit and Two Self Contained Flats
Income totalling £24,100pa
Online auction with Pugh with bidding commencing 10am Tuesday 26th March and closes on Wednesday 27th March 2024
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