From
£130,000
Property for saleStand Lane, Radcliffe, Manchester M26
Auction
About this property
Mixed Use Retail/Residential Property
Ground Floor Retail with 2 x Flats in Upper Parts
Asset Management Potential
Erv Circa £20,000 per annum
Gross Reversionary Yield of 15.4% on Guide Price if Fully Let
Prominent Frontage Opposite Public Car Park
Strapline
Auction Sale - 21/06/2023
Vacant Mixed Use Opportunity with Asset Management Potential
Part Let - Currently Producing £7,140 per annum (erv circa £20,000 per annum)
Gross Reversionary Yield of 15.4% on Guide Price if fully let
Description
The property comprises a mixed use retail/residential opportunity arranged across ground, first and second floors.
The ground floor is currently vacant and arranged as a single retail unit accessed form Stand Street. The unit comprises a sales area to the front with additional storage/staff areas to the rear.
The first floor comprises a one bedroom flat which is currently let and producing £7,140 per annum (£595pcm).
The second floor comprises an additional one bedroom flat which is currently vacant.
Location
The property is located in Radcliffe, a town in Greater Manchester which forms part of the wider urban area surrounding the city. Located between Manchester, Bolton and Bury, the town is a popular with commuters due to its position on the river Irwell and the green space surrounding the town.
The property is situated with a frontage to Stand Lane, immediately adjacent to one of two bridges crossing the river and the principal bridge for pedestrians. The property is also opposite the public car park, leading to significant footfall. The surrounding area mainly comprises residential and local retail use.
Transport
Road
Auction Sale - 21/06/2023
Vacant Mixed Use Opportunity with Asset Management Potential
Part Let - Currently Producing £7,140 per annum (erv circa £20,000 per annum)
Gross Reversionary Yield of 15.4% on Guide Price if fully let
Description
The property comprises a mixed use retail/residential opportunity arranged across ground, first and second floors.
The ground floor is currently vacant and arranged as a single retail unit accessed form Stand Street. The unit comprises a sales area to the front with additional storage/staff areas to the rear.
The first floor comprises a one bedroom flat which is currently let and producing £7,140 per annum (£595pcm).
The second floor comprises an additional one bedroom flat which is currently vacant.
Location
The property is located in Radcliffe, a town in Greater Manchester which forms part of the wider urban area surrounding the city. Located between Manchester, Bolton and Bury, the town is a popular with commuters due to its position on the river Irwell and the green space surrounding the town.
The property is situated with a frontage to Stand Lane, immediately adjacent to one of two bridges crossing the river and the principal bridge for pedestrians. The property is also opposite the public car park, leading to significant footfall. The surrounding area mainly comprises residential and local retail use.
Transport
Road
- Bolton - 6.1 miles
- Bury - 3.3 miles
- Central Manchester - 7.4 miles
.png){kind=logo}