Freehold Investment Property - Denton

Residential Trading Position
Tenanted Until 2023
Rental Income £12,312 Per Annum
Well Presented
Heavy Footfall Area
Responsible Tenant
Genuine Reason For Sale
Enviable Investment Opportunity
EPC - D
REF 7355 – Freehold Investment Property

Blacks Brokers are pleased to bring to the market this freehold investment property located in Denton, Manchester.

INTRODUCTION

104 Haughton Green Road (trading as The Village Chippy) is a semi-detached investment property with a long term tenant in place. The current business is a traditional fish and chip takeaway which generates £1,026 per calendar month and the current lease runs until 2023.

LOCATION

104 Haughton Green Road occupies a prime trading position within a residential area of Denton. The area is densely populated residentially but does also have a number of other local businesses nearby including pubs, cafes and a Post Office. There are also a number of schools nearby. Hyde centre is a short distance away and the area is well linked by the M67 with very strong public transport links and parking is available immediately outside the property.

REASON FOR SALE

Our client offers the property for sale due to a large amount of other business and family commitments.

BUILDING LAYOUT AND DESIGN

The Village Chippy has branding and signage on display above a partially glazed frontage. Inside, the servery/counter is positioned to the front of the shop with preparation area and chipping/rumbling area to the rear. There is also a wash up area, storage room, cold storage area, toilet facilities and rear yard with bin storage space. All areas are well equipped and presented nicely.

FINANCIAL DETAILS

The current lease runs until 2023 and generates an income of £1,026 per calendar month.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This investment property provides a 10% yield. A new owner has the advantage of a long standing and reliable tenant already in place and the property is well presented and very well placed within a popular village area close to Hyde centre. Early viewings are strongly advised.