Offers over
£295,000
(£211.47/sq. ft)
Property for sale334 Manchester Road, Timperley, Altrincham, Cheshire WA14
1,395 sq. ft
Freehold
About this property
Two shops with flat above producing an income of £24,700pax
Prominent roadside location
The freehold is available for offers in excess of £295,000. A purchase at this level would represent a Gross Initial Yield of 8.37%.
The property is positioned set back from Manchester Road (A56), approximately 1.4 miles north of Altrincham town centre. The property is positioned in a retail parade which includes Subway (adjacent) and other independent operators including a restaurant and beautician. Other properties nearby include rrg Toyota, Trafford College and an office park with operators including Lookers and Dulux. Motorway access is within 2.4 miles (M60, junction 7).
The property comprises a mixed use investment, comprising two retail units (334 and 334a) at ground level with a separately accessed, two bedroomed flat (334b) to the first floor. The property is constructed of brick elevations beneath a pitched roof. The retail units have single glazed timber shop fronts, whereas the apartment is majority UPVC double glazed. 334 and 334b Manchester Road both benefit from gas central heating.
A new lease for 334 to src Manchester Ltd has recently commenced for an F&B use, who are also the tenant in the neighbouring property. Their fitout is ongoing and is expected to be completed in 1-2 months.
The property is occupied on three separate leases - please see the brochure for the tenancy schedule.
A dataroom is available which includes the leases, title documents and EPCs.
The property comprises a mixed use investment, comprising two retail units (334 and 334a) at ground level with a separately accessed, two bedroomed flat (334b) to the first floor. The property is constructed of brick elevations beneath a pitched roof. The retail units have single glazed timber shop fronts, whereas the apartment is majority UPVC double glazed. 334 and 334b Manchester Road both benefit from gas central heating.
A new lease for 334 to src Manchester Ltd has recently commenced for an F&B use, who are also the tenant in the neighbouring property. Their fitout is ongoing and is expected to be completed in 1-2 months.
The property is occupied on three separate leases - please see the brochure for the tenancy schedule.
A dataroom is available which includes the leases, title documents and EPCs.
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Monthly repayment
£1,475 per month
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